Archive for senior citizens
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Life Settlements: How Seniors Can Effectively Use Their Lump Sum Payouts
Life settlements provide great opportunities to qualified seniors who can no longer afford or no longer need their existing life insurance policies
A life settlement, also known as a senior settlement, refers to the sale of a life insurance policy by a policy owner to a third party investor. After the sale, the investor is responsible for the policy, including paying off the monthly premiums. The investor then collects the benefits when the insured individual dies. Having the option to sell an existing life insurance policy gives seniors more flexibility, and they also have the comfort of knowing they'll have an option to get out of the policy and its monthly premiums if needed.
A Guide to Life Settlements and Life Settlement Companies
Life settlements are defined as the sale of a life insurance policy by the policy owner for less than face value of the policy to third party investors. In essence, investors that are third parties make a plan to profit when an insured dies by receiving more than what is to be paid out in death benefits. The sooner an insured dies the more profit is made. Vitical settlements are similar to life settlements with the exception of the insured being chronically or terminally ill.
A Good Daughter Owner Receives CSA Designation
Olga Brunner, CSA with A Good Daughter, Inc. (www.agooddaughter.com) located in Margate, Florida, completed the comprehensive course on priority senior issues in April 2005. The course is conducted by the Society of Certified Senior Advisors, the international organization that has trained over 20,000 professionals in all fifty states.
Successful participants complete a thorough examination to earn the Certified Senior Advisor (CSA) designation. Brunner completed this educational initiative to become the professional leader in meeting the key needs and issues concerning senior citizens in Broward and Palm Beach counties.
