Retirement Planning With Life Settlements by Saul L. Appel CLU CHFC

I have been in the Financial Service Industry for over 40 years. I have seen so many changes and advances in technology and the development of social media...

One thing I learned in business is to embrace change and adapt to new products, changes in distribution channels and of course learn how technology that can enhance my practice.

I have gone to numerous training sessions, seminars and courses to learn new retirement savings vehicles over the years...

First there was just stocks and bonds ..Then the advent of Certificates of Deposit which at one time were paying 18% at their height. Of course there were Mutual Funds then the creation of the Fixed Annuity then the Variable Annuity then came not to long ago perhaps 10 years ago the Indexed Annuity and of course the Immediate Annuity.

Then there was the creation of the IRA, and let's not forget the 401 k and other Qualified Plans...

All these investments or retirement plans have the same concept you have to save for your retirement there is no FREE LUNCH...

If you talk to any Financial Adviser when its time to retire they hardly ever examine your existing Life Insurance Program.

My concept is two fold..

1: When you need life coverage when you are younger purchase as much Universal Life as you need and can afford. Have your Life Insurance Broker design the plan to make sure the coverage lasts to at least age 85...You do not have to concern your self with a build up of cash in the policy..in fact the cheaper the cost of the plan the better...

When you are 75 and older as part of your retirement planning we sell your policy for CASH..If your health has changed for the worse over the years the more you will obtain for the sale of your policy...If you can wait till age 80 your Cash Payment could be substantial...My concept is to delay the sale of the policy until you need an added infusion of cash as you may have depleted your other savings.

2: If you are 75 or over or younger with health issues and have Life Insurance let my firm review it and see how much CASH we can obtain for it...We have clients who received over a million dollars for their large life plans...But on average you may have a hidden asset of over $150,000 that you dont even know you have...

I'm now recommending to my clients who are in need of Life Insurance to purchase a plan that provides coverage to age 85. The Plan I'm advising also has a Long Term Care Benefit to pay for Home Health Care, An Assisted Living Facility or Nursing Home. Then the intent is to sell the plan in the future for additional cash for their retirement.

So if you are 75 or older or younger with health issues and your adviser never reviewed you Life Plan to sell for CASH let us review it and provide you with the estimate of what you can receive to augment your retirement income...

As Always All My Best...

Saul L. Appel CLU CHFC CCPS.