A life insurance policy is often viewed as a means to support others. However, many older Americans are now discovering that it can become a valuable financial asset for themselves. Between 2021 and 2024, the average life settlement payout was

Mergers. Partner buyouts. Retirement. All of these can trigger the same silent problem: a business owner holding on to a life insurance policy that no longer serves their goals. These are typically corporate-owned plans, such as key person life insurance

On July 3, 2025, Congress passed the One Big Beautiful Bill Act (OBBBA). Part of this bill includes significant changes and steep cuts to Medicaid, which will lead to higher overall healthcare costs for individuals. For example, the Act will

Life insurance offers a safety net to protect your family’s financial future. But as they age, many seniors discover that life insurance policies have outlived their usefulness. For example, you might have investments or other insurance policies that provide enough

Selling a life insurance policy can feel like a last resort, but for many seniors, it’s actually a practical way to convert an unused asset into financial flexibility. The premiums may have become too expensive, or the policy’s original purpose

Estate planning is not something your clients can do once and then forget about. Shifting tax laws, changing client health and new family goals make regular reviews and revisions of existing plans a necessity. For example, many life insurance policies

Life insurance policies are supposed to provide peace of mind. However, for seniors who no longer need the coverage or can’t afford the premiums, that same policy can become a financial burden. That’s when selling the policy in a life

Life expectancy has been steadily climbing in the United States. According to data from the Federal Reserve Bank of St. Louis, the average life expectancy for most Americans was 71 in 1970 and 75 in 1990. Today, the average American

The “One Big Beautiful Bill” (OBBB), signed July 4, 2025, permanently extends tax cuts introduced during President Trump’s first term in office and adds a new $6,000 standard deduction for seniors ($12,000 for couples) through 2028. Another key component of

You may not realize that you can sell a term life insurance policy, but it’s true — under the right conditions. To sell your policy, it must have what’s known as a “convertible rider.” This rider lets you convert your