Life Settlements can now fund Long Term Care
Senior Settlements are a new option to pay for long-term care (LTC) and other retirement planning needs. Rarely does the long-term care agent or consumer find a new source of financing for long-term care or long-term care insurance. However, a Life Settlement is just that. Individuals contemplating the cost and planning of future care face many dilemmas: long-term care insurance premiums may be too costly, yet the cost of paying for care could wipe out a person’s finances - their only source of income. Sound familiar?
Now, there is a new financial tool available to seniors - a Life Settlement. A Life Settlement can provide funds for long-term care insurance or the actual cost of long-term care. Most consumers and even professional financial advisors are not aware of this option. A Life Settlement also known as a Senior Settlement is the sale of an existing life insurance policy. The senior citizen can now acquire 5 to 9 times the cash surrender value or their policy. This instant income can be used to fund long term care plans and policies and still leave income for the senior. This life settlement is an easy process that doesn't require any additional medical exams or physicals.
RTG Consultants have been spreading the word to LTC agents and advisors that there is now a way to offer long term care to their clients who want to sell their life insurance policy. We provide assistance, support, and education to both agents and policyholders. We are here to help and assist you through all the steps. We all know that LTC costs are rising and are continuing to rise. It is going to be harder and harder for seniors to meet those financial needs. By unlocking the hidden asset of your life insurance policy through a senior life settlement you can achieve your goals of long term care stability and peace of mind.
Grant Shellhammer is part of the RTG Consultants, LLC team. They offer senior asset maximization tools including life settlements and reverse mortgages. They can be reached toll-free at 1-888-973-9377 or on the web at www.rtgconsultants.com.
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