Family
Why Sell Your Life Insurance Policy?
Many times when you reach a certain age, you realize that you may not need your insurance policy anymore. It can be because of many reasons; you may not be able to afford the premiums anymore, or you don’t have a use for it anymore. In situations like these, people sell their policies to a suitable buyer for cash. This can be used as an emergency fund in case an unexpected situation arises. This is also why you should look for a settlement agency.
How does the process work?
When you sell life insurance policy, the process of converting it into cash is possible, but it’s complicated. Firstly, you will have to carefully go through your plan and ensure that everything is up to date; this way, you can decide on the selling value. Secondly, you will have to get a buyer who is perfect for your insurance plan. Once that is sorted, you can negotiate a deal and receive the cash in return. Once the buyer accepts the proposal, he will be subject to any insurance premiums henceforth, and if you pass away, the benefits of your insurance plan will go the buyer.
It’s advised that you seek professional help when looking for a buyer and not do it yourself.
The whole process can be overwhelming to someone who is not familiar with it. You may be scammed, or you may not know what documents are required. When you take help from a professional, you’re guided through the process along with receiving the proper financial assistance. If you seek help from a settlement company, you will receive a part of your policy value in cash. If you go for a broker, you will have to pay him a commission which might be a large part of your settlement.
Main points you need to know to sell life insurance policy:
- It’s possible that when you put your plan up for sale, you may not get the price you desire because it wasn’t as valuable on the market, as you thought it was.
- You won’t get the full face value as well; reports formed by the US government in 2010 showed that sellers would receive 13 to 21% of their policy values.
- Brokers can charge a commission that goes up to 9%.
- A buyer can be picky with the policy he/she chooses. They are approached with many offers, but they are selective when it comes to choosing. Some buyers will specifically look out for policy owners who are over the age of 65, while some look for sellers who have a terminal illness. If you’re young and healthy, chances are your insurance plan won’t be very attractive to buyers.
- Insurance plans
- are subject to tax deductions.
- Selling your insurance is not the only option, you can take a loan against it, or speed the payout date. In some cases, policyholders sell the plan to family members. However, it would be best if you took some advice from your financial advisor.
How to sell life insurance policy?
When you do not need an insurance plan, then the idea of selling it is not that bad. If you decide to sell your policy, then listed below are the top points you can follow:
Know your policy rules.
This point is crucial because your insurance will have a statute that speaks about selling and the directions you will have to follow if you do decide to sell. If you don’t understand these rules, you can always take assistance from a qualified financial advisor. Also, if you’re choosing a settlement company to sell your policy and find a buyer, then it’s best that you ask the settlement agent for help.
Don’t jump on the first offer you receive:
Life insurance policies are famous for not having set values, and different buyers will have various suggestions for you. Sometimes, the good offers come a little later, so patience plays a big hand here; you need to wait it out and listen to all the suggestions that come your way. To select the first offer that comes your way is impatient and an unwise decision.
When selling your life insurance policy, always check that your massive debts have been cleared because if you have any outstanding debts, the amount will be deducted from the cash value. So, it’s better not to have any obligations. If you do have debts, then you must consult your financial advisor before you decide to sell off your insurance plan.
(Photo by Honor the Earth)
On Tuesday September 19, 2023, the Indigenous peoples took to the frontlines of the climate crisis on Turtle Island and took over Times Square painting a giant mural with the message, “No Green Colonialism; Land Back NOW!”
This mural came the day before the UN Climate Ambition Summit, where world leaders are expected to come together and make decisions around the climate crisis.
The Indigenous communities are organizing to push back on the Biden Administration’s push toward solutions to the climate crisis that threaten the lives of Indigenous people across Turtle Island, which they call “Green Colonialism.” “For too long, Native lands and communities have borne the brunt of harm from mining and other extractive industries. As the federal government moves to support clean energy development, this cannot come at the expense of clean water or Indigenous rights. This familiar assault on Native lands and communities is another wave of colonialism, and we will not stand by and allow our lands to be sacrificed,” Krystal Two Bulls, executive director of the national Indigenous organization Honor the Earth said in a press release.
The mining projects violate treaty rights and threaten clean water and land in places such as Thacker Pass, Oak Flat , and the Talon-Tamarak mine near the Mississippi headwaters.
We should all be fighting this fight!
It is hard to believe that summer is officially wrapping up. But as days get shorter there is still plenty of time to toast the season in style with these favorite white wines.
Kenwood Vineyards Six Ridges Chardonnay 2019
This refreshing chardonnay crisp apple and crunchy peach flavors is electrifying and oh, so yummy! It brings out the feeling of velvet caressing you. This is simmply all of the best the Russian River Valley of Sonoma County has to offer.
Brancott Estate Sauvignon Blanc
Divinely balanced wine with zesty aromas and highlights of pink grapefruit, melon and gooseberry. It refreshing and perfectly sweet. Every sip will have you singing praises to the wonderful summer you just had.
I was taken to City Winery by Eli Marcus for the Beatles Brunch with Strawberry Fields. 
This show plays every Sunday with an unlimited brunch buffet that includes coffee, tea and juice, starting at noon. A bottomless brunch cocktail package is also available and children get in free. Here tourists mingle with New Yorkers, eating scrambled eggs, sausage, bacon, dried out French toast, spicy potatoes with onions and peppers, perfectly done chicken, salad and fresh fruit. What is so nice, is that everyone seems happy to to be here, to see and hear the Fab Four.
Eli Marcus, Suzanna Bowling
The show starts off without fan fare. The lights dim and four men enter, not quite looking like the originals. Tony Garofalo (John Lennon), Billy J. Ray (Paul McCartney), Ira Siegel (George Harrison), and Michael Bellusci (Ringo Starr) and their costumes and wigs have seen better days. Then the music starts. You can watch one of our video’s here.
From the early hits like “I Wanna Hold Your Hand,” “She Loves You,” “Ticket To Ride” “Eight Days A Week” and more the first act is nostalgia at it’s best. It was adorable to watch the audience, especially the young ones “Twist and Shout.”
After a break in came the Sergeant Pepper era, clothing and all. From that we got “Nowhere Man,” “My Guitar Gently Weeps,” “When I’m 64,” “Penny Lane” and songs that dig into your soul. They are done well and the Beatles live again. You can see our video here.
Then the later songs like “I Am The Walrus” and “Don’t Let Me Down” end a show that is almost two hour long of music, that is classic. I have to admit I wanted to hear “Blackbird” and “Norwegian Wood,” but what you get is a well rounded assortment of those songs that shaped several era’s.
Billy J. Ray, Ira Siegel
Ira Siegel stands out with his guitar playing that is out of this world. I really loved all the songs he sang as well.
Michael Bellusci
Michael Bellusci, gives Ringo a run for his money on the drums.
Tony Garofalo
Tony Garofalo is the founder, creator and producer playing rhythm and lead guitar and singing lead vocals along with Alan LeBoeuf from the original Beatlemania playing bass guitar. Ray looks the most like the Beatle he is playing.
Alan LeBoeuf, Ira Siegel
Alan LeBoeuf, Ira Siegel
Alan LeBoeuf
Strawberry Fields has been covering The Beatles for over three decades. They used to have a residency at B.B. Kings, but these days their home base is City Winery and it is definitely a great way to spend a Sunday. All four are consummate musicians and obviously have a love for what they do and that rubs off on their audience.
For a souvenir up a City Winery Strawberry Fields Rose Wine and have it signed by the cast. With its is its strawberry pink color, you get a combination of kiwi, watermelon and the taste of strawberry that lingers.
City Winery is right next to Little Island, Chelsea Market, The Highline, the Meatpacking district, Chelsea, and West Village. Everything is nearby to make a perfect outing for the whole day and this is one brunch where you definitely get your money’s worth. Click HERE for tickets
Tickets are $65.45
Thank-you again to Eli Marcus and the staff of Dave and Buster’s, at 234 West 42nd Street.
Eli Marcus
Eli was sending the concierge’s to the show The Shark Is Broken.
The producers of The Shark Must Be Broken, Eli Marcus and the general manager of Dave and Buster’s
There were lots of new friends to be made such as Carol Mennie, Caroline Rosado from the Hilton, Dinnella Collado from the Washington Square Hotel, Benjamin Maddy from Dave and Buster’s and Michaela Paratore of Benjamin Steakhouse Prime
Michaela Paratore
This destination for sports enthusiasts, foodies, and arcade offers space, fun and some fabulous happy hour deals.
All across the multiple screens were football, basketball, and hockey games from across the sporting world. At the sports bar an impressive selection of drinks, including craft beers, signature cocktails await. I sampled some their tasty bites and was impressed.
wings
Pretzel Dogs
To sooth your inner child air hockey and arcade games are waiting to be played.
Margarita and I playing for Make A Wish
If you are looking for entertainment they have a legendary Trivia Night with fantastic prizes.
Double Pepperoni Flatbread
wings
BBQ Chicken Flatbread
This is actually a great place to throw your holiday parties.
Fire-Grilled Atlantic Salmon
Boneless Wings
Chocolate- and caramel-filled churros with chocolate and salted caramel dipping sauces.
I am so glad the Mayor of Times Square invited me to his event.
Margarita Parlionas and Eli Marcus
-Kent Walz, attorney & journalist
Diane Dimond’s book on the scourge of abusive adult guardianships is coming out very soon. It only took her 8 long years of investigation and countless interviews with affected people to get to the bottom of this extremely flawed part of the justice system.
People who have lived through this nightmare knows first hand what this “protective” part of the court system can do to rip apart families. But because it’s such a secretive system few Americans realize that they – or someone they love – could be guardianized without warning. It’s not just Britney Spears – up to 2 million people currently live under guardianship/court control.
All it takes is for someone (a vindictive relative, a greedy business partner, a former lover, even a landlord) to file a guardianship petition with the court saying someone is not competent to care for themselves. The judge usually agrees – often without ever seeing the targeted person – and the guardianship is established. Judges routinely appoint a total stranger as guardian to make all life decisions for the new “ward of the court.” All their civil rights are stripped away and, suddenly, the person has no say in their own life –they can’t even hire their own lawyer to fight it. There are many more horrific aspects to this “justice” system and Ms. Dimond spells it all out in the book.
We’re Here to Help – When Guardianship Goes Wrong not only reveals the predatory nature of the system (which controls a collective $50 billion in ward’s money every year!) but also tells what to look out for. It provides a guide for readers to protect themselves and those they love.
Diane Dimond is the author of four books including the upcoming, “We’re Here to Help: When Guardianship Goes Wrong,“ published by Brandeis University Press, released Sept. 19, 2023
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