Using Life Settlements to Pay for Senior Living Costs.
Often overlooked as a sound option that can help pay for senior living, life settlements are definitely worth investigating. With life settlements, you are selling your life insurance for cash which can be used to pay for senior living. A life settlement allows you to take advantage of your highest-valued assets without worrying about transaction or application fees and taxes. And you are able to lower your monthly retirement expenses by removing the burden of high monthly premiums Many people don’t realize just how many options they have. If you conclude from the start you can’t afford to pay for senior living, you might miss out on the opportunity to give yourself, or a loved one, an exceptional lifestyle filled with care, companionship, and comfort. Start by making a plan.