Recent Posts:
What is Medicaid Spend Down and How Does it Work?
Medicaid spend down is a financial strategy used to qualify for Medicaid nursing home coverage. In short, “spending down” involves reducing one’s income or assets to the point of eligibility. Medicaid law allows you to do so under some complex guidelines. You would typically pursue a spend down on behalf of a family member who needs pricey, long-term care.
Cash Value Life Insurance: Part Insurance, Part Investment
Try calling up your auto insurance provider and asking for a loan. You’ll likely get a big chuckle in response. That’s because your car — and home and health — insurers are only in the business of paying on claims. Cash value life insurance, on the other hand, allows you as policyholder to benefit from your premium payments even without an insurance claim.
Viatical Settlements vs Life Settlements: Definitions and Differences
Are you considering selling your life insurance policy, but not quite sure how a viatical settlement differs from a life settlement? The two are often mistakenly used interchangeably, but there are several key differences you should be aware of when trying to determine your eligibility, and what option is best suited for your unique needs.
What are the Living Benefits of Life Insurance?
Most people think the benefits of life insurance only occur after someone passes away, but many policies also carry benefits that can be utilized throughout the policyholder’s life. In fact, your policy may include cash options you aren’t aware of that can provide financial assistance or relief.
In this in-depth overview, we’ll help you understand what the living benefits of life insurance are so you can take advantage of the financial options available to you or your loved ones.
How to Cash Out Life Insurance While You’re Alive
Most people buy life insurance to leave money for family members when they die, but there are also ways to get cash out of a
Why You Should Sell, Not Surrender Your Life Insurance Policy
While most people buy life insurance to create a financial safety net for loved ones, your situation may change and there may come a time
Requirements to Sell a Life Insurance Policy
A life settlement is recognized as one of greatest ways to acquire cash for life insurance policies for various reasons. Whether the premium payments are
6 Reasons Why Life Settlements Are On The Rise
Life settlements offer seniors an alternative when they need to get cash from their life insurance policies. Unlike a loan or other transaction, with