The newly launched report from Q Life Settlements is aimed at seniors and those without life insurance. Many individuals may be unaware of the different ways a life insurance policy can provide financial security later in life, particularly as healthcare costs continue to rise.
More information is available at https://qlifesettlements.com
Aside from estate planning, life insurance can provide policyholders and their families with tax advantages and death benefits. A feature of the latter, as stated in the new report from Q Life Settlements, is the fact that inheritance and financial security can be passed from one generation to the next.
Individuals with illiquid assets (those that cannot be sold quickly) can benefit from maintaining a life insurance policy into retirement and beyond. For instance, this could include assets such as real estate, bonds and stocks, investments, antiques, and businesses.
The loved ones of those with coverage may be better protected financially than those without a life insurance policy. Support for surviving spouses comes in many forms, but two of the biggest advantages of having coverage is the fact the funeral costs and mortgage can be covered within the life insurance death benefits.
In addition, policyholders are in control of their finances, as they have the option of selling a life insurance policy they own. This process is called a ‘life settlement’ and entitles the individual to receive a cash payment. Although less than the death benefit, it is always more than the cash surrender value of the policy.
To get an accurate assessment of the value of an existing life insurance policy, Q Life Settlements has created an online tool. Interested parties can access the life settlement calculator here https://qlifesettlements.com/quote
Q Life Settlements is a life settlement specialist that helps seniors make informed decisions so they can enjoy a good quality of life. The company offers a tax-advantaged Senior Care Benefit Plan that is Medicaid-compliant to give clients peace of mind.
A company spokesperson said: “Entering your retirement years is a time that many (if not all) people reassess their assets and financial plans to ensure their golden years are secure. All too often, during that review a life insurance policy looks more like a liability, but our report offers five compelling reasons to keep that life policy in-force.”
Interested parties are encouraged to read the report in full at https://qlifesettlements.com/five-benefits-of-a-life-insurance-policy-during-retirement
Release ID: 89049865