If you have a life insurance policy you no longer want or need, a life insurance buyout may be a viable option to get money out of your policy. The process involves selling your life insurance policy to a third party for a lump cash sum, and it frequently comes up when people can no longer afford […]
What is a Life Insurance Buyout and How Does It Work? Read More »
Enjoying retirement means having a comfortable income, either from savings or benefits. However, recent studies suggests that nearly half of retirees struggle to afford basic living expenses and it’s only getting more difficult with inflation reducing your purchasing power. If you’re running out of money or just looking for some ways to get extra income, we’ll share the top available
15 Ways to Make Money in Retirement Read More »
A 2023 poll from Allianz Life found that 61% of Americans are more afraid of running out of money than death, and 40% of respondents admitted their retirement strategy was derailed and they aren’t sure when or how to get back on track. The fear of running out of money is so bad, that 46% of Americans around the
What Happens if You Run Out of Money in Retirement and What To Do About It Read More »
A life insurance policy is something you hold onto for years, or in some cases, an entire lifetime. Over time, you may lose track of a life insurance policy you took out, especially if there have been changes to the company it was purchased from. This is more common than you think, as each year
4 Ways to Find a Lost Life Insurance Policy Read More »
As inflation reduces people’s buying power, it can be difficult for people to afford living expenses like food, housing, and medical care. In response to rising costs, the government and some employers have implemented Cost of Living Adjustments (COLAs) that increases the amount of money you receive each month. In this post, we’ll explain what
Cost of Living Adjustments Explained for 2025 Read More »
Your senior years are often referred to as your “golden years” because they’re supposed to represent the time in your life where you can relax after a lifetime of work. However, rising costs associated with inflation can put financial strain on seniors’ finances. Without proper planning, seniors may find their expenses are greater than their
Free Senior Budget Template for 2025 Read More »
At the beginning of the COVID-19 pandemic, Congress enacted the Families First Coronavirus Response Act (FFCRA), which featured a provision to keep people continuously enrolled in Medicaid through the end of the pandemic public health emergency (PHE). This meant that people would stay enrolled in Medicaid, even if they no longer met the eligibility requirements
What is Medicaid Redetermination and Will I Lose Coverage? Read More »
As inflation increases the cost of living, many seniors are having to stretch their savings further or even go back to work. In fact, 46% of seniors between the ages of 60-75 say they plan to work part time in retirement. Working doesn’t mean you have to go back to your old job, as advancements in technology
8 Best Work-from-Home Jobs for Seniors in 2023 Read More »
Many of us envision spending our golden years in a retirement community, relaxing and making new memories, but we often don’t think of the financial costs involved. Whether you’re planning for your own retirement or helping a loved one research their options, it’s crucial to have a clear understanding of the financial aspects of living
Retirement Community Costs: Explanation and Ways to Pay Read More »
When your loved one reaches a point where they need help with activities of daily living (ADLs), you may be unable to continue caring for them on your own. A nursing home can provide the hand-on support and services they need, but they come at a high cost that many people have questions about paying.
What Can a Nursing Home Take for Payment? Read More »
Harbor Life Settlements, LLC is not a licensed broker or purchaser of life insurance policies. Harbor Life Settlements, LLC is an advertiser that refers qualified policyowners to licensed purchasers of policies. Harbor Life Settlements, LLC does not advertise to residents of Alaska, Kansas, Nebraska, New Hampshire, North Dakota, Vermont, and West Virginia or refer such residents to licensees. Do not proceed if you are a resident of these specific states.
