The Maggie Linton Show is a critically acclaimed Sirius XM radio show which offers stories about individuals who’ve reached for success and achieved their goals. Part One! Part Two! Part Three! Maggie and Chris had a three part interview which went over much more than just Life Care Funding. Maggie asked some very interesting and difficult questions, allowing Chris to show really what a Life Insurance Settlement…
Consumer Protection, Insurance Conversion, Insurance Settlement, interview, Life Insurance Settlements, radio
Chris visits the The News and Experts show on Money Monday to talk about state legislation, insurance companies, and how you can take advantage of your life insurance policies. Chris was recently on The News and Experts radio show and had a fantastic interview. Chris went over several major issues in the life insurance industry, and explained how Life Care Funding is in the process of solving them. But Something we’re all unsure about is how the Life Insurance companies have been reacting to seniors…
Cost of Care, Insurance Conversion, Insurance Settlement, interview, radioSon helps his mother trade-in policy and move into assisted living before he deploys for Afghanistan. A family was struggling with how they would pay for the costs of moving their mother into an assisted living community. Increasing the pressure was the fact that her son was going to be leaving for Afghanistan within 90 days for a tour of duty with the military. Their mother owned a $95,000 life insurance policy that was going to lapse if they did not immediately make an expensive…
Insurance Settlement, Senior Life InsuranceA small life insurance policy is traded-in to make up a gap in ability to pay for assisted living. A family was coming up a little short in their ability to pay for their mother to move into an assisted living community. She owned a small, $27,000 life insurance policy and they were going to surrender it for the remaining cash value. The community director told them that they should first contact Life Care Funding to see if they could convert the policy for more…
Assisted Living, Insurance Settlement
BRADENTON HERALD by Tom Roberts Paying for long term-care can decimate your finances. Typically, the options for planning to cover these expenses consist of purchasing a long-term care insurance policy or setting aside a large chunk of financial assets. Recently, some new choices to help reduce the risk of not having enough to cover long-term care expenses have become available. These include hybrid long-term care and life insurance, long-term care and annuity, and pooled benefits policies. A fairly new solution is converting an existing life…
Insurance Settlement, Long Term Care InsuranceNational Underwriter (published June 14, 2010) by Chris Orestis, President Life Care Funding Group The question was: My client would like to use a life settlement to help pay the assisted living expenses for her mother, who is alert but frail and needs the care the community provides. The mother is the owner and insured of a $250,000 UL in-force policy, but the daughter (my client) has power of attorney for her mother’s financial affairs. Is a life settlement the best option in this situation…
Elder Care, Insurance SettlementAn interview with Chris Orestis, President of Life Care Funding Group Chris Orestis, president of Life Care Funding Group, is a 15 year veteran of the insurance and long term care industries. Over the course of ten years in Washington, D.C. he worked in senior positions for the Health Insurance Association of America (HIAA–now reconstituted as AHIP), and for the American Council of Life Insurers (ACLI). His first professional exposure to the life settlement market came in 2005. Since 2007, Life Care Funding Group has…
Insurance Settlement, Long Term CareThe Governor of the state of Maine signed into law a bill requiring life insurance companies to inform policy owners of the state their legal right to engage in a life settlement instead of allowing a policy to lapse or be surrendered. Maine and Washington State are now the first two states to pass this important consumer protection law. Many more states, including Kentucky and Indiana, are currently considering the laws adoption. The consumer protection law also prohibits insurance companies from engaging in anti-consumer activities….
Insurance Disclosure, Insurance SettlementWhat are the legal rights of a life insurance policy owner to engage in a “Life Insurance Settlement”? The legal right of a policy owner to engage in a Life Settlement is guaranteed by the landmark Supreme Court decision; Grigbsy v. Russell establishing that life insurance possessed all the ordinary characteristics of property, and therefore represented an asset that a policy owner has the right to transfer without limitation. Life insurance is personal property and the owner is protected by all the same inalienable rights…
Insurance Settlement, Life Insurance Bill of RightsThe economic downturn has forced seniors that once could rely on selling a home and investment income to pay for the costs of senior housing and care to look for new sources of funding. One funding tool that is rapidly gaining attention is selling an existing life insurance policy in the Life Settlement market. A Life Insurance Settlement is the sale of an existing life insurance policy, while the policy holder is still alive, in a straightforward process that takes 30-90 days. The seller of…
Insurance Settlement, Senior Living