According to recent reports generated by The Conference Board, the overall 2022 economic forecast looks promising.
The US Real GDP growth is projected to rise to 6.0 percent (annualized rate) in Q4 2021, vs. 2.3 percent growth in Q3 2021, and that 2021 annual growth will come in at 5.6 percent (year-over-year).
Looking further ahead, The Conference Board forecasts that the US economy will grow by 3.5 percent (year-over-year) in 2022 and 2.9 percent (year-over-year) in 2023.
This forecast incorporates a slight downgrade for Q4 2021, but no material change for economic growth in 2022. The 0.5 percent downgrade in Q4 2021 GDP growth is associated with the rapid spread of the Omicron variant in December; the previous forecasts had assumed that a new “winter wave” of COVID-19 infections would dampen economic growth in the United States, but not until Q1 2022.
More specifically, the stock market is predicted to have another year of double-digit growth for the S&P.
This optimistic projection for the future of the US economy is very hopeful for the life settlement industry. With more opportunity for economic spending, prompts the need for disposable cash. A life insurance policy is a tangible investment that can be liquidated for immediate cash when sold to a trusted financial institution like Abacus Life. The benefits of of life insurance can be utilized today, rather than waiting until after one passes. Especially if the policy is no longer needed and the monthly premiums become seemingly frivolous, selling a policy could be a financially wise decision to free up cash to spend in the 2022 year. Life insurance is considered an asset just like your house or car, therefore, selling it is no different.
If you or someone you know could benefit from selling their life insurance policy to receive an immediate nest egg for the coming 2022 economic year, feel free to reach out to our team here at Abacus Life today. We specialize in all forms of life settlements, providing clients the highest offers in the industry. Contact us at 800-561-4148 and try out our revolutionary Life Settlement Calculator here. We look forward to helping you see financial freedom!
Source: The Conference Board | https://www.lsa-llc.com/2022-financial-forecast/
