The Hidden Value in Your Life Insurance: Funds for Your Retirement

By Darwin M. Bayston and Daryn N. Teague

Thirty-three percent of Americans have no retirement savings or pension, according to the Federal Reserve. No wonder so many of us are nervous about our ability to retire.

Fortunately, there is an asset that many American seniors have at their fingertips that they can use to fund their retirements. Most of them dont even realize it.

Darwin M. Bayston, a chartered financial analyst, and Daryn N. Teague, a public relations consultant who works with providers of legal and financial services, created this simple consumer guide to help people unlock the hidden value in their life insurance policies. Learn how to:

find out the things that insurance companies dont want you to know;
improve your quality of life in retirement;
eliminate what could be an unnecessary expense; and
reduce stress by gaining peace of mind about retirement.

Some life insurance companies actually prohibit the agent who sold you a policy from telling you about the strategies revealed in this guide. Find out about all of the options at your disposal by learning about The Hidden Value in Your Life Insurance.

• Language: English
• Publisher: Abbott Press
• Release date: Jun 21, 2016
• ISBN: 9781458220219

Darwin M. Bayston

Darwin M. Bayston, CFA, is president and CEO of the Life Insurance Settlement Association, a nonprofit organization representing participants of the life settlement industry. He previously owned an investment advisory firm and was president and CEO of the CFA Institute. He lives in Central Florida. Daryn N. Teague is the founder of Teague Communications, a boutique public relations firm. His firm serves as outside public relations counsel to select clients in the life settlement industry and also works with providers of legal and financial services. He lives in Southern California.

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Copyright © 2016 Bayston-Teague Publishing, LLC.

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ISBN: 978-1-4582-2020-2 (sc)

ISBN: 978-1-4582-2021-9 (e)

Library of Congress Control Number: 2016906581

Abbott Press rev. date: 6/17/2016

Contents

Disclaimer

Preface

Introduction Discovering A Hidden Asset

Chapter 1 Your Life Insurance Policy

Chapter 2 What if You Don’t Need or Can’t Afford Your Policy?

Chapter 3 The Life Settlement Option

Chapter 4 Who Buys the Policies?

Chapter 5 Candidates for Life Settlements

Chapter 6 How Much is Your Policy Worth?

Chapter 7 Anatomy of a Life Settlement Transaction

Conclusion

References

Disclaimer

This publication is designed to provide information solely about the subject matter covered. It is sold with the understanding that neither the author nor the publisher is engaged by the reader to render legal, financial, investment, accounting, or other professional service. If legal advice or other expert assistance is required by the reader, the services of a competent professional should be sought. The purpose of this book is to educate. Neither the author nor the publisher shall have any liability or responsibility to any person or entity with respect to any loss or damage caused, or alleged to be caused, directly or indirectly, by the information contained in this book.

Circular 230 Disclosure: Pursuant to recently enacted U.S. Treasury Department Regulations, we are now required to advise you that, unless otherwise expressly indicated, any federal tax advice contained in this communication, including attachments and enclosures, is not intended or written to be, and may not be used, for the purpose of (1) avoiding tax-related penalties under the Internal Revenue Code, or (2) promoting, marketing or recommending to another party any tax-related matters addressed herein.

Preface

There is no shortage of books written in response to the retirement savings crisis in America. Many of these books offer all sorts of great advice about financial planning and counsel intended to help Americans adequately fund their retirement.

This is not another one of those books.

This book was written to educate American seniors about the hidden value of their life insurance policies. Our goal is to let you in on the details of a financial planning strategy that many seniors just like you have used to help fund their retirement and improve their quality of life in those precious golden years.

In fact, this strategy is so beneficial to seniors who no longer need or can afford their life insurance policies that many life insurance companies don’t want it to be known. Some even prohibit the agent who sold you the policy from telling you about this option.

The authors would not have been able to tell this story in the pages that follow without the assistance of Wesley Costa. Wesley provided valuable editorial input in the development of each chapter, offered important suggestions that improved the quality of the manuscript, and brought to bear his considerable creative skills to help illustrate various elements of the book. We are indebted to him for his contributions to this project.

Introduction

Discovering A Hidden Asset

Jim is an 81 year-old widower in Florida living on a fixed income. He receives a modest check each month from Social Security and has about $120,000 remaining from his hard-earned life savings.

Unfortunately, as a result of the unpredictable ups and downs of the financial markets -- combined with the low interest rates earned on CDs and treasury bonds -- his retirement savings haven’t produced the kind of income he had hoped. Meanwhile, Jim’s health has begun to decline a bit and he