Shane McGonnell – Vice President at Abacus Life Settlements, LLC Written for Insurance News Net There are differing schools of thought on how the coronavirus is affecting — and could affect — the life settlement market. Over the past five years, the life settlement market as an industry has multiplied vastly both in funds to…
Earlier this year, a piece of legislation was introduced that allows the use of tax-free health planning accounts funded by the proceeds from the sale of their unneeded life insurance policies. Known as the Senior Health Planning Account Act (H.R. 5958), the bill has the potential to help millions of American seniors fund their health…
As 2019 winds down, it’s time to start looking ahead to what’s in store for you and your clients in 2020. By organizing your needs and remaining to-dos you’ll be in the best position to guide your clients to financial success in the new year. Reviewing Items on Your Plate: You can probably think of…
Funding Long Term Care for Your Parents Financial milestones don’t stop at having children, getting married, or retiring. For many, planning for long-term care for your parents is a financial consideration. According to a study conducted by Genworth, the national average cost of an assisted living facility in 2019 is 48,612. Up from just $28,800…
Conning has recently released its aptly titled fourteenth annual life settlement report, “A Market Takes Off”. Conning explores the expansion of the life settlement industry relative to carrier performance, cost-of-insurance drivers, a surge in retiring baby boomers, and growing interest from investors. According to Conning, the life settlement market could see double-digit expansion over the…