Ep. 158: “Learning the secrets of Life Settlements”

 

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Host Michelle Perkins and guest Rob Haynie discuss the life settlement industry, where individuals can sell their life insurance policies for cash. Haynie, with 31 years of experience in the industry, highlighted the benefits and opportunities in this market, emphasizing the importance of understanding the value of life insurance policies and exploring options for financial planning. The conversation covered various aspects of life settlements, including the potential for selling term policies, the risks involved, and the need for proper education and planning. He also mentioned efforts to create a senior health planning account to help individuals fund long-term care expenses. The discussion provided valuable insights into a lesser-known financial opportunity and underscored the significance of financial literacy and proactive financial decision-making. The episode aimed to empower listeners to enhance their financial knowledge and make informed choices for their financial well-being. 00:05 – Transform your financial life 05:56 – Expanding life settlement marketplace 13:45 – Understanding life expectancy investments 27:41 – Unveiling life insurance secrets 36:53 – Navigating insurance policy options 42:04 – Future of senior health planning 49:07 – Empowering financial knowledge

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