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How Much
December 23, 2019

Americans spend a lot of money on car insurance every year. Part of the reason why is that state governments set minimum amounts of coverage drivers must purchase to legally drive a car. Our newest visual breaks down the 3 most important types of auto insurance: property damage, bodily injury per accident and bodily injury per person.

  • 32 states set a $25,000 minimum threshold for bodily injury liability per individual. Alaska and Maine have the highest minimums in the country at $50,000.
  • 31 states set a $50,000 target for bodily injury liability per accident. Delaware has the lowest requirement in the country at just $25,000.
  • Property damage liability minimums vary the widest across the country. 4 states only require $5,000 of coverage (California, Pennsylvania, New Jersey and Massachusetts).
  • Maine and Alaska require the highest levels of coverage across the board, totaling $50,000, $100,000 and $25,000 for bodily injury per person, per accident and property damage.

State governments require minimum insurance coverage for a few obvious reasons. If you’re going to drive a vehicle, there’s a chance you could injure someone or ruin someone’s property. If a driver doesn’t have insurance (or a lot of money) and causes an accident, then the injured parties can’t recover anything for their losses. Without insurance minimums, there would be a lot more lawsuits to determine responsibility for accidents and to garnish wages. We gathered these state-by-state minimum insurance thresholds from The Balance. Keep in mind how some states also require insurance minimums to cover uninsured and underinsured drivers.

Our visual demonstrates how most states conform to a generally accepted standard of coverage. For example, 32 states require $25,000 of coverage for bodily injury liability per individual, and 31 require $50,000 for bodily injury per accident. What does that mean? Imagine a car accident that injures 2 people, who each have $30,000 of medical bills, or $60,000 total. An insurance policy with these minimum coverage amounts would only pay out $25,000 per victim, or $50,000 total. The driver would be responsible for the remaining $10,000.

There are some exceptions where states require a lot more (or a lot less) coverage than others. 19 states require drivers to carry a minimum of $25,000 for property damage liability, however California, Pennsylvania, New Jersey and Massachusetts only require $5,000. Maine and Alaska mandate at least $100,000 of coverage for bodily injury per accident, compared to just $25,000 in Delaware.

There are lots of reasons why you should carry more than the state-required minimums. For starters, the average price of a new car in 2019 was an eye-popping $36,718. If you carry the minimum insurance and wreck someone’s brand new vehicle, you could be financially ruined. Plus, car accidents happen all the time. More than 20,000 people die every year in approximately 5 million accidents. Obtaining full coverage can be expensive. Our cost guide can help you think through all the options.

How much auto coverage do you carry? Do you think there should be higher state-mandated minimum insurance amounts? Let us know in the comments.

HowMuch.net is a cost information website 

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Life Settlement Advisors
November 25, 2019

For aging individuals in need of continuous care, retirement communities provide a more comfortable alternative to a hospital setting. These senior living units are built to promote independence and make sure the retiree feels comfortable living their best life. However, a recent study found that there are nearly 19,000 of these retirement communities across the country. Deciding on which one to move into takes some careful background checking. If you’re considering a transition in your living situation, the following questions are important to ask when sitting down with a retirement community manager. 

What is the retirement community cost breakdown?

Most continued care communities charge a monthly rate for their residents. Beyond room and board, this fee is used to pay for the care offered in the homes, like utilities or dining. However, there may be hidden fees for additional services, so it’s important to ask for specific pricing information. Also, be sure to check what amounts are covered by insurance, and how much you  will ultimately pay out-of-pocket.

How will I retain my independence?

While seniors may need additional care, they certainly want to retain their sense of freedom. According to a recent study, the most common fear for seniors is a loss of independence. This concern ranked higher than death or loss of family and friends. Retirement communities should be providing residents with an ability to remain independent and comfortable. Ask about how dining works, or whether there are onsite shopping options, fitness center, or entertainment options like movies or ballrooms. You can also take a look around the grounds to see how other seniors are living.

What emergency response services do you have onsite?

Retirement communities that specialize in continuous care offer residents important medical treatments to seniors in need. Though they may not have hospital-level care on the grounds, there should always be a nurse available, as well as comprehensive health monitoring systems. In the private residences, you’ll want to confirm that there is a way to alert the staff should you experience an emergency. In addition, 24-hour security is paramount in making sure seniors feel safe in the community.

What are other residents saying about their retirement home experience?

No one is a better source of information on the retirement home experience than the individuals who live in it. These retirement communities often conduct surveys of the residents to ensure their standards and needs are being met. You should ask the community managers for recent survey data. It may also be helpful to ask for the two most recent surveys in order to compare the results. If there’s been a dip in overall quality of care, it may be best to consider other options. Additionally, check to see if you can join the residents for a dinner or social activity. A first-hand experience can be a great insight into the quality of life and care.

A retirement community is a wonderful way for seniors to retain independence while still maintaining their ongoing healthcare needs. It also helps seniors to socialize with other residents and build those bonds of friendship. However, the costs of retirement communities may require additional financial resources.

Did you know you can sell all or a portion of a life insurance policy, even term insurance? Selling an unwanted life insurance policy is no different than selling your car, home or any other valuable asset that will create immediate cash. Contact us today to learn more.

Leo LaGrotte
Life Settlement Advisors

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Life Settlement Advisors
November 5, 2019


Did you know you can sell all or a portion of a life insurance policy, even term insurance?

(4 minute read)

When an older family member needs care to get through their day, many families want to provide that care themselves. Not only can this keep the family member in their home where they are comfortable, it can cut down on the medical costs associated with their condition. In fact, family caregivers for older relatives can even get support from Medicaid if they take the right approach. Here’s more you may like to know about caregiver funding under Medicaid and how someone might qualify.

Informal Caregivers and Family Caregivers in America

According to the AARP and the National Alliance for Caregiving, 34.2 million Americans have provided care to another adult aged 50 or older in the last 12 months. Around 40% of those, over 15 million people, are caring for someone with Alzheimer’s or other dementia. It’s estimated that all this family caregiving for seniors has an economic value of $470 billion or more!

96% of these people are helping with personal hygiene, dressing and undressing, medications, transportation, and more. 45% take on more critical nursing and medical tasks. You might be surprised to learn 15% take care of a friend or neighbor, not a relative.

Many amazing people take on these tasks because they feel motivated to do so from the heart. Sometimes, it’s also because insurance won’t cover or pay for a professional caregiver. So, what can the informal caregiver expect from Medicaid?

Getting Family and Friends Reimbursed by Medicaid

Every state and the District of Columbia has its own state Medicaid personal assistance program. These are also called regular Medicaid and are one option to get paid to provide care to an elder family member or friend. It is a feature of many of these plans that the insured person can hire, train, and manage the caregiver of their choice. This allows informal caregivers like family to be officially recognized by Medicaid.

It’s important to know each state will have a different name for its Medicaid offering. Overall, if your state has a 1915 (i) plan or a 1915 (j) authority, these types of plans allow some of the most freedom to hire a family member as a caregiver through Medicaid. Some of the programs even help with taxes and other features of getting paid to provide care for an elder family member.

But it’s important to remember, Medicaid eligibility is based on income, not age. If your elderly loved one is 65 or older, they will qualify for Medicare, but these programs are not the same thing.  Since each state has unique income or medical eligibility requirements to qualify for Medicare, it’s unlikely a family caregiver will qualify right out the gate. Additional training, certification, or vetting and investigation by Medicaid may be required. The Center for Medicare and Medicaid Services (CMS) has resources about how to get started.

How to Apply to be a Medicaid Caregiver for Elder Family

The first step to apply to get funding to take care of an older senior citizen is to make sure they are enrolled in Medicaid. Once you know that individual qualifies for the services that are needed, you can start the application process with your state office. Even if a senior loved one isn’t automatically eligible for Medicaid, you can work with a Medicaid planner to see how they might become eligible. This approach could include “spending down” income or reducing assets to meet the income requirement for Medicaid eligibility.

Getting positioned to be paid by Medicaid as a caregiver or helping a family member or friend get certified so they can help you with less stress, is a great benefit for older Americans in need. However, it’s also not a process that happens overnight. When funds are needed, one answer might be a life settlement. You can sell some or all of an unneeded life insurance policy in a life settlement, even term life insurance. Not only does this get you a greater lump sum than you would get from surrendering the policy, it also means you no longer have to pay the premium on the policy. If you think a life settlement might be a good financial solution for you, visit our calculator to see if you qualify. Contact us today to learn more.

Leo LaGrotte
Life Settlement Advisors

Code: WealthCare

October 30, 2019

If you are the type of person who has accumulated quite a few assets over the years, then you understand the importance of making sure your investments are protected. One disaster or accident could cost you a great deal of money. In extreme cases, your entire net worth could be wiped out in an instant if you are not properly insured. That is precisely the function of an umbrella liability insurance policy. It is important to protect you and your family from possible damages incurred by your vehicle or inside your own home. In order to prevent claims being made against your own estate, you will want to have such an insurance policy in order to provide that hedge of protection that you need. At the same time, it is important to know just what is covered under the policy.

Property Loss

If you allow someone to enter your home or vehicle, they expect that their belongings will be safe and protected. Accidents and theft do happen. We all understand that. In extreme cases, a claim may be filed against you if a third party feels it was your negligence that resulted in their property becoming stolen or otherwise lost.

Injury on the Premises

You might have some great homeowner’s insurance like Philadelphia Contributionship, but it does not likely cover injuries to people who are in your house. If you host a lot of parties or have clients come to your home, you will want an umbrella policy. There are too many ways that another individual can be injured while at your house or in your vehicle. That’s why you should ask for umbrella liability add-ons to your current plans to further protect your assets and coverage.

Destruction of Property

There are many ways that property can be destroyed. Something might happen to another person’s car that is parked at your home or you may accidentally run into something with your own vehicle. Regardless of how the property was destroyed, you will want an umbrella policy in effect to make up for the financial loss. A third party could sue you for damages, so you want to be ready in the event that they do.

A regular insurance policy will only get you so far. They are generally designed to protect you and your family against your own property loss. You will find that it protects your assets and injuries that happen to you and your family, but not against potential lawsuits at the hands of a third party. For that, you will want to have an umbrella insurance policy to provide you with the liability protection that you need.

Kara Masterson is a freelance writer from Utah. She enjoys Tennis and spending time with her family.

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October 9, 2019

Homeowner’s insurance is your first line of defense against a variety of risks, but that type of coverage can be pricey. If you have recently purchased a new home or feel as if your current policy is inadequate, then you might want to take a look at these four tips that will keep your premiums at a reasonable level.

Shop Around for the Right Policy

Just like any other major purchase, you need to spend some time shopping around for homeowner’s insurance. There are thousands of insurance agents and companies to choose from, and every provider has their own pros and cons. If you are having a tough time comparing policies, then you might need to search for “insurance agents near me” online. Once you have found at least a handful of agents, you can meet with them individually to see exactly what they offer.

Improve Your Home’s Security

Before you invest in any new security features, you should contact the insurance provider that you are considering using. Most major insurance providers will give you a list of safety and security upgrades that will reduce your premiums. Some of the most popular upgrades include security cameras, deadbolts, reinforced doors, fire alarms, smoke detectors, upgraded roofing, and impact-resistant windows.

Don’t Pay for Unnecessary Coverage

While you are shopping around for homeowner’s insurance, most agents will try to get you to sign up for additional riders. Those add-ons will extend your coverage, but they aren’t always necessary. Most homeowners only need basic coverage that will help them deal with risks such as fires, vandalism, and break-ins. Your insurance should also cover liability issues such as someone taking you to court after being injured on your property.

Increase Your Deductible

One of the easiest ways to reduce your insurance premiums is to increase your deductible. When a covered loss takes place, the deductible is the amount that you must pay yourself before the insurance kicks in. With a higher deductible, the insurance company might reduce your premiums by quite a bit in the coming years. That being said, you must make sure that you don’t set your deductible too high. If you can’t cover the deductible, then your insurance is going to be almost completely worthless. In addition to these few tips, you should also consider bundling your policies. Many insurance providers offer huge discounts to those who bundle their homeowner’s insurance with their auto policies and health insurance.

Meghan Belnap is a freelance writer who enjoys spending time with her family. She loves being in the outdoors and exploring new opportunities whenever they arise. Meghan finds happiness in researching new topics that help to expand her horizons. You can often find her buried in a good book or out looking for an adventure. You can connect with her on Facebook right here and Twitter right here.

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Life Settlement Advisors
September 23, 2019


Planning for retirement is sometimes challenging because you have to save for so long without seeing any tangible return. Some of the investments on this list represent the opportunity to purchase property that makes your retirement planning part of your life now. They also might be options to invest and get cash during retirement, even if you didn’t buy them a long time ago. One or more of these five non-traditional retirement investments could be a money-maker for you, if you’re the kind of person who is open to high risk and high reward.

Real Estate and Rental Properties for Retirement Income

Real estate is certainly a traditional method of investment, but many don’t consider it a secure or liquid enough approach for retirement. More often, those in retirement consider downsizing a home. But 50% of Airbnb hosts make $500 a month. If owners can acquire properties in desirable cities and countries, or even give up their own home a few weekends a month, real estate can represent not only an investment option but an income opportunity.

Wine Investing Returns and Risks

Wine investing requires learning a little something about wine, and some advance preparation to store the wine. If you don’t take those steps, this investment can quickly turn into a loss. However, you don’t have to be an expert in vineyards or growing conditions. The starting point is usually around $10,000 for a case, though depending on the vintage, that could also get you just one bottle. That investment can definitely pay off, like the single bottle of Cabernet Sauvignon that sold for $350,000 at auction.

Collecting Cars to Fund Retirement

The first thing most people will tell you about buying a car is that the value goes down the second you drive it off the lot. But classic or collectible cars are a different story altogether. Value is based on how rare the car is, along with the condition, make, model, and other factors. However, a classic car is not an investment to make without interest and passion. Restoring and maintaining the vehicle will be an expense over time, along with storing it. Plus, those who do make money on cars say that just investing in one isn’t enough.

Art Investing For Resale

Investing in art is nothing anyone can guarantee, but if you spot the right pieces, your money can grow exponentially. One piece by Jean Michel Basquiat sold for $17,680,936 in 2017 after being purchased for $136,367 in 1992.  While this market represents a huge opportunity to grow money quickly, investors must also remember it is a community of people to get to know. You can start with online resources but will eventually need to visit galleries and make connections. This will let you find pieces you like that also may accrue value.

Invest in Yourself in Retirement

The last strange retirement investment that just might pay off is in yourself. Retirement is a time we look forward to because it’s an opportunity to explore passions we set to the side for a career. For many, investing and training in those passions leads to a second professional existence. Whether it’s an online store that supplements your monthly outcome, a role in the gig economy, or just a better sense of self-fulfillment, the returns and reward of investing in yourself are always obvious. If you do want to start an online hobby shop or try entering a new role, just make sure to do your research before diving in.

These five investments are all more risky than a 401(k) or Roth IRA, or even a life insurance policy or other investment. But they also have appeals that make them good fits for certain types of people. When you’re trying to make this kind of strange investment, every extra dollar counts. Did you know you can sell all or a portion of a life insurance policy in a life settlement for more than the surrender value, even term insurance? If you have policies you no longer want or need, avoid the premiums and gain back more of your invested dollars through a life settlement. Then, fund your goals. If you want to see if a life settlement could be right for you, visit the Life Settlement Advisors calculator to see if you qualify.

For information on Life Settlement Advisors, click HERE

Website:  https://www.lsa-llc.com/

WealthCare Connect may receive compensation from Life Settlement Advisors for purchases make through links(s) on this website.

Life Settlement Advisors
August 30, 2019


As a senior citizen, it’s safe to say you’ve got your health and wellness on your mind. Regular doctor visits, safe exercise, and a well-balanced diet are all important factors, but the basic effects of aging often times require the use of medication. Unfortunately, prescription costs in the U.S. have skyrocketed, meaning that Americans currently pay far more for their medicine than residents in any other country. As a retiree on a fixed income, it may be difficult for you to afford some of these medications. You’re looking to balance the need for medical treatment with cost-friendly solutions, so we’ve put together a list of easy tips and tools to help control the costs of your prescription medication.

Switching to Generic Meds

Name brand medication is often accompanied with a much higher price tag. In order to help combat these costs, pharmaceutical companies often produce generic versions of their products. Much the same as buying off brand cleaning solutions or soup at your local grocery store, these medications are cheaper and indistinguishable from the so-called “real thing.” To ensure they work just as effectively, the FDA has ordered rigorous quality assurance testing and guidelines. Additionally, studies have shown that these medications are often 85% less expensive than their brand name counterparts, saving the U.S. health care system $1.67 Trillion from 2007 to 2016.

Supplemental Insurance

For those that are covered by original Medicare, it’s probably no surprise that there are some stringent restrictions when it comes to medication coverage. Medicare Part A provides coverage for inpatient medications, and Part B pays for some outpatient medicine, but the coverage stops there. For this reason, it’s suggested you seek out a supplement plan to help support that coverage gap. When researching available insurance plans, make sure to have a list of all necessary medications handy so that you can have an agent check to confirm these will be covered. If you don’t, you could end up paying a hefty amount in copays.

Online Coupon Sites

This is one resource we recommend with some reservations. When issued by the pharmaceutical company, they can provide deep discounts on popular name brand medications and offset the high copays charged by insurance companies. However, in recent years there have been a slew of sites claiming to offer huge savings across the board. Before jumping to use a prescription medication coupon, consider the following:

  • Generic brands might be cheaper; these coupons are usually for name brand only.
  • This might direct you to a less-effective medication; always consult with your doctor.
  • The coupon could be a limited time offer, meaning once you get started on name brands your stuck paying the actual costs once the coupon expires
  • The site could be fraudulent! Check with this online resource to find out what programs and discounts you qualify for.

State Pharmaceutical Assistance

Depending on where you live, you may actually qualify for additional payment assistance from your state government. These supplements can provide you with a monthly sum and vary from state to state, usually coming either in the form of one lump sum or a percentage-based reimbursement depending on how much you spend on medication. To check for availability, log on to the Medicare website to see what’s available. You’ll receive information on the state’s respective programs, what the requirements might be, and how to apply.

Ask Your Pharmacist for Assistance

The very place you go to pick up your prescriptions may be a source for opportunities to save money. Whatever store you favor, the pharmacy team there has tools that can help you save big on brands across the board. They may be able to offer you discounts on generic medications, and often times have index tools that allow them to search for the most cost-friendly solution. Additionally, ask them about 90-day prescription fills. Much like buying in bulk, these three-month scripts are often much cheaper in the long run.

It’s not uncommon for seniors to have one or more prescription medication. When the drug brand is particularly expensive, or the number of necessary medications increase, it can cause costs to quickly pile up. By taking consideration of generic meds, supplemental insurance, using the right discounts, looking for state assistance, and shopping with pharmacies that value your dollar, you can help to cut down on high payments. However, if you’re still struggling to pay for your prescription drugs, it may be time to consider a life settlement. If you have unused or extra life insurance policies, the experts at Life Settlement Advisors can help you trade it in for a healthy cash lump sum. To learn more, contact us today.

Case Study:
James lost Margaret to cancer a few years ago. Now retired, James no longer needs the life insurance policy he purchased for Margaret just in case. James sold his life insurance policy, and used the proceeds to help fund his grandchildren’s education.

For information on Life Settlement Advisors, click HERE

Website:  https://www.lsa-llc.com/

WealthCare Connect may receive compensation from Life Settlement Advisors for purchases make through links(s) on this website.

Raymond Lavine
August 25, 2019

One America Asset Care Policies provide anywhere from 2%-4% of the policy’s death benefit per month in Long Term Care benefits.

These “benefits” apply towards assisted living, nursing facility, and home health care. The payout based percentage is 2%, however for additional premium you can get the option to use 3% or 4% of the death benefit per insured.

How is One Americas Asset Care death benefits (LTC pool) determined?

Let’s take this as an example, let’s take Asset Care 1 (lump sum) for easy math, even though most clients prefer to use qualified money (Asset Care 3) or annual installments of 10-20 years (Asset Care 4).

Say you and your spouse purchase a joint policy and fund it with $125,000 in one payment. Immediately the death benefit is calculated to $250,000. So, assuming 2% Per Person. This equates to $5,000 per person per month.

You also have the option to add Asset Care’s Unlimited Benefits rider, which provides two different paths.

  • The first is to double the length of coverage, adding an additional 50 months for an additional $850 a year.
  • Or Unlimited funds which come out to a Guaranteed premium of $1,200 a year (onetime payment available for both options). So then if you or your partner ever need long term care, you will have unlimited duration of funds to draw from.

Here are the two Continuation of Benefits options are illustrated.

Confused yet?

I know, it’s a lot of information to take in - especially if you’re not well-versed in insurance lingo.

I’ve got 20+ years in the insurance game and know these policies like the back of my hand. If Asset Care appeals to you, I would be happy to hop on a quick call with you to discuss your options.

Life Settlement Advisors
July 30, 2019

A life settlement can be an excellent option for obtaining an immediate payout of cash to alleviate financial burdens such as debt or costly medical treatments. With more than 500,000 seniors allowing their life insurance policy to lapse annually, you might want to consider if a life settlement is right for you.

Qualifying for a life settlement takes many factors into account. While each situation is different, below are some minimum requirements that could mean the difference of thousands of dollars for you and your family. Here’s how to know if you qualify for a life settlement.

Age and Health that Qualifies for a Life Settlement

One out of every four 65-year-olds will live past age 90. A policyholder’s current age and health condition are critical factors in determining if they are a good candidate for a life settlement. Seniors aged 65 and older can qualify for a life settlement, and the older the person is, the more valuable the life settlement. A change in health since the policy was issued may increase the chances of qualifying for a life settlement.

Life Expectancy that Qualifies for a Life Settlement

Life expectancy, calculated using medical records and age, is another key factor in determining whether you qualify for a life settlement. The life expectancy for Americans has been increasing for the past 100 years, but the policies that are most attractive to third-party buyers are those with a shorter life expectancy. This is because the longer a person is projected to live, the longer the buyer has to pay the premium and wait to collect the death benefit. The most suitable candidate for a life settlement is one with a life expectancy of less than 13 years.

Premium Amount that Qualifies for a Life Settlement

Premiums for term or universal life policies often increase over time. Since a third-party buyer will be taking over the monthly premiums, the lower the cost of those premiums, the more value to a life settlement. Yearly premiums are one of the biggest drivers in determining the value of the policy.

Type and Size of Policies that Qualify for a Life Settlement

Life insurance policies that qualify for a life settlement must be at least two years old, and the death benefit on the policy should be at least $100,000. While  universal life, is the most common policy purchased, convertible term, whole life, and second to die policies can qualify for a life settlement as well. Premium financed and standard term policies do not qualify, due to additional investment risk.

Baby Boomers are retiring at a rate of about 10,000 per day, which is nearly 4 million per year. Many of these seniors’ life insurance policies are no longer necessary, or the money they could receive in a life settlement could be put to better use. After you understand how to know if you qualify for a life settlement, use our life settlement calculator to give you a better understanding of where you’ll stand once you’re ready to apply.

Case Study: Henry lost his wife to cancer last year. The $300k term life insurance policy was no longer needed. Henry’s policy is convertible, so he sold his policy for $55k and used the proceeds to check off a few items on his bucket list.

Leo LaGrotte
Life Settlement Advisors

For information on Life Settlement Advisors, click HERE

WealthCare Connect may receive compensation from Life Settlement Advisors for purchases make through links(s) on this website.

Life Settlement Advisors
July 19, 2019


Can I Really Sell My Life Insurance Policy for Cash?

(2 Minute Read)

We’ve all seen offers that are just too good to be true. It’s wise to be wary of any strategy that promises to get you cash quick, and retirees are especially good at spotting those coming from a mile away. But when we say you can sell all or a portion of your life insurance policy, even term insurance, for more than the cash surrender value, chances are you could easily qualify. Life settlements are a reliable and increasingly popular way for people nearing or in retirement to gain valuable extra cash. But how does it work? And how do you know if you qualify?

Basics of Selling Life Settlements for Cash

Life settlements are lump sums of money that are awarded to individuals selling off an unwanted life insurance policy. This usually applies to individuals over the age of 70 with policy benefits of $100,000 or greater. After filling out a questionnaire, we will review your personal information, the details of your policy, and medical records. Once approved, the qualified professionals at Life Settlement Advisors will begin interacting with independent third-party investors who are interested in purchasing these life insurance policies.

There are many reasons that a retiree or senior may want to ditch a life insurance policy, take the money, and run. You may find that premiums have grown too high for your budget, or you may have a term policy that is rapidly approaching its expiration date. You might even just find that you need to seek new ways to supplement your existing budget or income. Regardless of why, selling your insurance policy via a life settlement is an easy and effective way to help your financials during retirement.

What Determines if I Qualify?

The application process is a vital element of determining how much a life settlement is worth and if it’s the right choice for you. We suggest those considering life settlements take advantage of our life settlement calculator to find out if you qualify. The process only takes a few minutes and poses some basic questions, asking for age, health of the insured, what type of policy you own, the cash surrender value, and the death benefit. If you’re unsure of how to answer any of those questions, you may consider checking with your financial advisor. You can also contact Life Settlement Advisors for further inquiries. We’ll be happy to help you learn more about your potential settlement and the financial flexibility getting cash for your insurance policy can provide.

Case Study: Bill and Sharon both retired last spring. Their only son lived in Georgia, a five-hour road trip one way. Sharon convinced Bill to move to Georgia, so they could be closer to their grandchildren. Bill discovered that he could sell his life insurance policy and used the proceeds for a down payment on their new home in Georgia.

Leo LaGrotte
Life Settlement Advisors

WealthCare Connect may receive compensation from Life Settlement Advisors for purchases make through links(s) on this website.