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Unlocking the Value of Your Life Insurance Policy: Welcome Funds Can Help

Unlocking the Value of A Life Insurance Policy

Posted: February 16, 2024 by John Welcom

The past few years have witnessed a rapid swing towards sustained high inflation, catching many retirees off guard when it comes to their monthly income requirements. Adding to this challenge, income from investments has stalled, with stocks experiencing a prolonged bear market and bonds suffering their worst year on record in 2022.

Retirement and Life Insurance: Do You Still Need It?

Retirement and Life Insurance: Do You Still Need It?
5 Questions to Help You Decide

Posted: February 01, 2024 by John Welcom

Most of us purchase life insurance because we want to ensure that our loved ones have some measure of financial protection in the event of our sudden passing. We want to provide them with an umbrella over their heads so they can have sufficient money...

Long-Term Care Expenses

How Can Seniors Afford Soaring Long-Term Care Expenses?

Posted: January 31, 2024 by John Welcom

The rising cost of long-term care is a growing concern for seniors and their families. A recent New York Times special report, "Facing Financial Ruin as Costs Soar for Elder Care," highlighted the challenges families face in accessing and paying for long-term care services.

Year-End Checklist for Advising Seniors

Year-End Checklist for Advising Seniors

Posted: December 27, 2023 by John Welcom

As 2023 winds to a close, the economic data shows that seniors have faced challenging circumstances over the past 12 months. The prolonged inflationary environment has been tough for those living on fixed incomes, as the prices of everyday items have risen significantly from just a couple of years ago.

5 Risks of Taking a Client’s Life Insurance Policy Directly to Providers

5 Risks of Taking a Client’s Life Insurance Policy Directly to Providers

Posted: December 01, 2023 by John Welcom

Financial advisors often make the mistake of taking their clients' life insurance policies directly to life settlement providers, which can result in lower offers for the policyholders. This blog post discusses the five primary risks of taking a clie...

How to Overcome Financial Behavioral Errors in Retirement

How to Overcome Financial Behavioral Errors in Retirement

Posted: November 30, 2023 by John Welcom

We all understand the importance of creating a personal financial plan and then living within that structure to obtain a secure and stress-free retirement. But “understanding” and “implementing” are two very different things.

Insurance Research Firm Forecasts Steady Growth in Life Settlement Market

Insurance Research Firm Forecasts Steady Growth in Life Settlement Market

Posted: November 13, 2023 by John Welcom

One of the premier investment management and research firms serving the insurance industry has just released a new report on the state of the U.S. life settlement market and their data forecasts a bright future for the asset class in the decade to co...

Retirement Funding Review

Time for a Year-End Retirement Funding Review

Posted: November 01, 2023 by John Welcom

As people enter their retirement years, they tend to think that the albatross of “financial planning” can finally be removed. They have worked hard their entire lives, saved a little money along the way, sought out the professional guidance of a financial advisor, and hoped they could stash away enough money to enjoy their golden...

“Cash In” Your Client’s Life Insurance Policy

Rethinking “Cashing In” A Life Insurance Policy

Posted: October 16, 2023 by John Welcom

Don't make the mistake of surrendering your life insurance policy to the insurance company. Life settlements can provide you with a much higher payout. Contact Welcome Funds today to learn more about your options.

The New Map of Life Report: Embracing the Benefits of Longevity

Embracing the Benefits of Longevity: The “New Map of Life Report”

Posted: October 03, 2023 by John Welcom

Seniors are living longer and healthier lives than ever before. But with greater longevity comes the challenge of maintaining a secure financial future. Learn how to create a cash bridge to fund retirement lifestyle needs and explore the potential va...

FINRA Guide to Life Settlements

New FINRA Guide Advises Seniors on Life Settlements

Posted: September 08, 2023 by John Welcom

Discover FINRA's insightful guide on life settlements for seniors. Learn why understanding life settlements, fair pricing, and the role of licensed brokers are crucial. Explore how Welcome Funds can help maximize your policy's value.

Life Settlement Transactions

U.S. Life Settlement Transactions Up by 4% in 2022, According to The Life Settlements Report

Posted: September 01, 2023 by John Welcom

The U.S. life settlement market — in which seniors are able to sell life insurance policies they no longer need or can afford to institutional investors for a cash payment — returned to steady growth again in 2022, according to a highly anticipat...

Managing Retirement Costs

Tips for Managing Retirement Costs

Posted: August 22, 2023 by John Welcom

The U.S. economy may be healthy by most standard measures, but there are still significant challenges for retirees.  Volatile investment markets and rising prices for everything from energy to groceries has understandably strained a lot of retirement budgets. Inflation is particularly tough on seniors.  It not only triggers higher ...

Using Stress to Your Advantage: Tips for Beating Retirement Anxiety

Using Stress As an Advantage: Tips for Beating Retirement Anxiety

Posted: August 07, 2023 by John Welcom

Unlock Financial Potential with Welcome Funds: Your Trusted Life Settlement Partner. Discover expert assistance for seniors seeking to maximize their financial security. Call 877.227.4484 or explore our website today.

Smart Habits for a Happy and Healthy Retirement

Smart Habits for a Happy and Healthy Retirement

Posted: July 25, 2023 by John Welcom

Discover the smart habits that lead to a happy and healthy retirement in "Smart Habits for a Happy and Healthy Retirement" by John Welcom, Founder and CEO of Welcome Funds. Learn how investing in physical, mental, and social well-being can maximize the golden years and ensure a fulfilling retirement. Explore practical tips on nutriti...

How Do Your Clients Really Spend Their Disposable Income?

How Do Seniors Spend Their Disposable Income?

Posted: May 31, 2023 by John Welcom

There are numerous suggested ratios for how much of a retirement budget should be spent on various categories, but how does this spending breakdown in practice? A deeper dive into the BLS survey findings, published by MarketWatch, offers some important lessons:

How to Fund Long-Term Care with life insurance policy

How to Fund Long-Term Care with a Life Settlement

Posted: May 15, 2023 by John Welcom

Nearly 7 in 10 retirees will need some type of long-term care, according to the U.S. Department of Health and Human Services. All seniors should account for this possible expense into their retirement budgets. Unfortunately, many of them do not and are unprepared.

Life Settlement Case Studies from Welcome Funds

Grandpa Joe Avoids High Premiums with a Life Settlement!

Posted: May 04, 2023 by John Welcom

Joe, a 70-year-old retiree, faced a challenging situation with his 20-year $1,000,000 term life insurance policy.  The term conversion deadline was rapidly approaching, and future premiums were scheduled to increase from $3,030 to $58,000 per year.  Joe told his advisor that he was both uncomfortable and unwilling to incur such a h...

Life Insurance Buyout Offers from Carriers

Life Insurance Buyout Offers from Carriers

Posted: April 03, 2023 by John Welcom

Do you have a life insurance buyout offer from a carrier? STOP! First, determine the true market value of your policy. You could be throwing away money. We take all life insurance policies to market. Get a FREE, no-obligation life insurance policy appraisal by Welcome Funds.

Tips for Helping Grandchildren During Retirement

Tips for Helping Grandchildren During Retirement

Posted: March 27, 2023 by John Welcom

It is important for any senior who owns a life insurance policy that he or she no longer needs or can afford to work with a licensed life settlement broker, like Welcome Funds, who understands and maximizes the market value of policies.

Life Settlement Case Studies from Welcome Funds

Sell A Term Life Insurance Policy: See How Kevin Received $30,000 Instead of $0!

Posted: March 20, 2023 by John Welcom

Kevin purchased a 10 year level term life insurance policy at age 58 to provide his family with some financial security. The expiration date was fast approaching and Kevin's medical bills were mounting. In need of some financial relief, he was contem...

Life Settlement Case Studies from Welcome Funds

Sell A Term Life Insurance Policy: See How Scott Received $2,650,000 Instead of $0!

Posted: March 13, 2023 by John Welcom

Scott purchased a $6 million dollar 10-year term life insurance policy at age 59 to protect his family and business interests. A decade later, approaching the term conversion deadline, Scott was facing a $148,000 annual conversion premium. He did not...

How to Combat Rising Life Insurance Premiums

Combating Rising Life Insurance Premiums

Posted: March 06, 2023 by John Welcom

Life settlements provide life insurance policy owners a safe, regulated avenue for selling their policies at prices that represent fair market value when utilizing the services of a life settlement broker. The life settlement broker, like Welcome Funds, utilizes an auction platform to maximize the sale of a life insurance policy. 

Protect Your Retirement: Don't Let Legal Expenses Derail Your Plans

Protect Your Retirement: Don't Let Legal Expenses Derail Your Plans

Posted: March 03, 2023 by John Welcom

Unexpected legal expenses can derail even the most diligently executed retirement plans. Learn about an option that can help you get back on track and put your money back in your pocket.

Life After the Empty Nest

Life After the Empty Nest

Posted: January 16, 2023 by John Welcom

Discover a New Chapter: Exploring Life After the Empty Nest. Gain insights into navigating financial opportunities and personal growth in this exciting phase of life. Read more at Welcome Funds.

Offsetting Declining Interest Income with Life Insurance Policies

Offsetting Declining Interest Income with Life Insurance Policies

Posted: January 05, 2023 by John Welcom

The historically low interest rate environment for the past several years has negatively impacted retirees who have built financial plans on expectations of interest income from bonds and other fixed-income assets.

Life-After-the-Empty-Nest

5 Common Retirement Budgeting Mistakes

Posted: December 29, 2022 by John Welcom

The peak earning years for seniors are gone and the only supplement to accrued savings, other than the hopeful growth of investment accounts, is often social security checks or employer pension payments. The risk of unexpected — and unwelcome — financial surprises can derail any plan that has a minimal margin for error.

Preparing-for-Widowhood

How to Prepare Financially When Losing a Spouse

Posted: December 08, 2022 by John Welcom

It is a topic that few of us want to discuss, but it is a reality of life for anyone who is married or plans to get married, — especially for seniors living in retirement.  We may have to cope with the difficulty of becoming a widow/widower.

Retirement Financial Anxiety

4 Tips to Overcome Retirement Financial Anxiety

Posted: November 28, 2022 by John Welcom

Life settlements are highly regulated transactions where policy owners sell their life insurance policies to a third-party investor for less than the death benefit but more than the cash surrender value.  The proceeds from a life settlement can be used in any manner whatsoever, to offset medical bills, provide gifts to family member...

The Power of a Life Insurance Policy Auction

The Life Settlement Auction Remains as Powerful as Ever

Posted: September 20, 2022 by John Welcom

Life insurance, without question, serves as a financial umbrella to protect families. The coverage provides peace of mind and a safety net during a season of life when children are dependent on the support. But what happens when that season ends, the kids are grown and self-sufficient, and mom or dad determines that such protection i...

Life Settlement Case Studies from Welcome Funds

How to Sell Your Life Insurance Policy for $250,000 Instead of $4,811!

Posted: September 12, 2022 by John Welcom

Mark bought an individual $2M Lincoln National Universal Life policy in 2017 (at age 78). Due to financial constraints, he could no longer afford the $104,330 annual premium to maintain the policy. Unfortunately, reducing the Death Benefit was not ...

Resisting Temptation to Surrender a Life Insurance Policy

Resisting Temptation to Surrender a Life Insurance Policy

Posted: September 09, 2022 by John Welcom

Turbulence in the financial indexes this year has been unsettling to many people, but it has been an especially tough year for retirees. In addition to the declines in the equity markets, the threat of rising interest rates and accelerating inflation has provoked a sharp sell-off in the bond market as well.

How Does Inflation Affect Retirement?

How Does Inflation Affect Retirement?

Posted: August 24, 2022 by John Welcom

Retirees have unwillingly been on a financial rollercoaster of fast-changing economic conditions over the past few years.   A robust economy was interrupted by a global pandemic, which triggered a short-lived global recession in the face of unprecedented shutdowns.  Then, there was an astonishing recovery and a booming stock marke...

Safe Retirement Spending

Safe Retirement Spending

Posted: August 17, 2022 by John Welcom

Many advisors are being tested in 2022 when counseling their retiree clients regarding spending levels.  On the income side, seniors have seen their investment portfolios suffer with a bear market in stocks and the worst decline in bond prices in decades.  On the expense side, a dramatic spike in inflation has driven up the cost of...

Life Settlement Case Study - Would You Rather $121,500 or $0

How to Sell Your Life Insurance Policy for $121,500 Instead of $0!

Posted: July 11, 2022 by John Welcom

Janet owned a 20-year term life insurance policy that was expiring within a year. Unfortunately, she could not afford to convert the coverage to a permanent policy. So, just like most term life insurance consumers, she was about to let her term polic...

The Pandemic and Life Settlements: How Financial Advisors Can Help

The Pandemic and Life Settlements: How Financial Advisors Can Help

Posted: July 01, 2022 by John Welcom

The COVID-19 pandemic not only created a worldwide public health emergency, but it also had an enormous impact on every sector of the global economy. The life insurance industry has been no exception.

Life Settlement Case Study - Would You Rather $145,200 Instead of $0!

How to Sell Your Life Insurance Policy for $145,200 Instead of $0!

Posted: July 01, 2022 by John Welcom

John purchased a 10-Year Level Term Policy at age 59 to provide his wife with financial security. Ten years later, John and his wife were faced with the decision to convert the policy into permanent coverage at a cost of $35,825.00 per year or pay ...

The Greatest Asset Owned by Seniors Might Not Be So Obvious

The Greatest Asset Owned by Seniors Might Not Be So Obvious

Posted: June 28, 2022 by John Welcom

Many seniors mistakenly assume that their only available cash-producing assets are the ones that they can touch and see.  But a more thorough analysis may uncover hidden assets that have potential value.  It is possible that the most valuable asset owned by a senior is a simple life insurance policy purchased many years ago — and...

Five Developments in the Life Settlement Industry

Five Developments in the Life Settlement Industry

Posted: June 15, 2022 by John Welcom

The financial services industry and the country overall, even with variants of the virus becoming more prevalent, are more optimistic than ever that a return to “normalcy” is obtainable in the short-term. To that end, the Welcome Funds team has identified five developments for financial advisors to monitor as we continue through ...

The Changing Role of a Life Insurance Policy From Financial Security to Personal Asset

The Changing Role of a Life Insurance Policy
From Financial Security to Personal Asset

Posted: April 18, 2022 by John Welcom

Most seniors who own a life insurance policy did so years ago to provide financial security for their families. However, as children grow older, their need for such protection and the desire to continue paying premiums changes. The life insurance po...

Welcome Funds | 1 in 4 Boomers Say Medical Debt Prevents Retirement Savings

1 in 4 Boomers Say Medical Debt Prevents Retirement Savings

Posted: March 28, 2022 by John Welcom

The only way for seniors to properly deal with medical debt without simply transferring it to their high-interest credit card — or ignoring it entirely — is to produce income flow from previously untapped sources.   One of those assets, such as a life insurance policy, could turn out to be a previously unknown source of money.

Welcome Funds | 2020 Recession Taught a Painful Lesson About Financial Priorities

Recession Taught a Painful Lesson About Financial Priorities

Posted: March 16, 2022 by John Welcom

Many seniors are aware that they can take out a reverse mortgage on their house to generate a line of credit but few are aware that an unneeded or undesired life insurance policy can be turned into cash through a life settlement transaction. Because life insurance policies are not affected by market volatility, they may be the suppl...

Improvement In Life Expectancy Underwriting

Improvement In Life Expectancy Underwriting

Posted: November 30, 2021 by John Welcom

Life insurance is one of the oldest financial products in the Western Hemisphere. Since the first life insurance policies were offered in the early-1700s, there is one overriding factor that determines cost to the consumer: the projected life expectancy of the insured.

See your life insurance policy

5 Questions About Life Insurance to Ask High Net Worth Clients

Posted: November 17, 2021 by John Welcom

Financial advisors to high net worth clients are becoming more familiar with the life settlement option — helping sell a life insurance policy to an investor for a cash payment as an alternative to maintaining, lapsing, or surrendering a life insur...

Life Settlement Case Study | Would You Rather $81,005 or $43,000?

How to Sell Your Life Insurance Policy for $81,005 Instead of $43,000!

Posted: November 09, 2021 by John Welcom

After seeing an ad from a direct buyer on TV, Dave was surprised to learn that his life insurance policy could be sold for a cash payment. Dave contacted the direct buyer who offered him $43,000. Before proceeding with that offer, Dave contacted hi...

Welcome Funds | Life Settlement Broker Licensing

Life Settlement Broker Licensing: Among Most Demanding in Financial Services Industry

Posted: October 29, 2021 by John Welcom

A financial advisor working with a retired client will routinely review his assets and liabilities to help him achieve his personal goals.  Such goals include generating cash flow for retirement funding, supporting charitable giving interests, or le...

Life Settlement Case Study | Would You Rather $187,000 or $0?

How to Sell Your Life Insurance Policy for $187,000 Instead of $0!

Posted: April 06, 2021 by John Welcom

A small business was filing for bankruptcy and its assets were being reviewed. The company’s financial advisor helped the partners identify the value, which they did not know existed, contained in its key man life insurance coverage.

Life Settlement Case Study | Would You Rather $64,800 or $10,000?

How to Sell Your Life Insurance Policy for $64,800 Instead of $10,000!

Posted: March 03, 2021 by John Welcom

Ronald purchased a $300,000 Universal Life policy back in 1999 to provide his wife with financial security. Unfortunately, after 20+ years, Ronald could no longer afford the premium payments as his healthcare costs were mounting.

Life Settlement Case Study | Would You Rather $173,005 or $0?

How to Sell Your Life Insurance Policy for $173,005 Instead of $0!

Posted: February 23, 2021 by John Welcom

After paying premiums on his life insurance policy for years, Larry’s liquidity needs and health changed significantly. Times were tough, so to maintain his savings, Larry decided it was best to lapse the coverage. Thankfully, Larry’s advisor con...

Life Settlement Case Study | Would You Rather $54,000 or $20,000?

How to Sell Your Life Insurance Policy for $54,000 Instead of $20,000!

Posted: February 19, 2021 by John Welcom

Margie purchased a 20-year level, convertible Term life insurance policy at age 48 to provide her daughter with financial security. Twenty years later, the term premium was set to increase dramatically and Margie's family could not afford to maintai...

Life Insurance Settlement - Consumers Are Frustrated

Consumer Frustration: No Carrier Disclosure of Alternatives to Lapsing or Surrendering a Policy

Posted: February 16, 2021 by John Welcom

Life insurance consumers are frustrated with the industry due to a lack of transparency and high fees. Learn about your options if you no longer need or can afford your life insurance policy.

Life Settlement Case Study | Would You Rather $100,000 or $30,000?

How to Sell Your Life Insurance Policy for $100,000 Instead of $30,000!

Posted: February 10, 2021 by John Welcom

Jerry purchased a $500,000 Universal Life policy seven years ago to provide his wife with “peace of mind.” Unfortunately, he could no longer afford the premium payments and contemplated letting the policy go. Jerry’s wife saw a TV commercial fr...

Life Settlement DYI Retirement Funding

Embracing the New Era of “DIY” Retirement Funding

Posted: November 02, 2020 by John Welcom

In previous generations, it was common for a hard working citizen to secure a job at a stable company, be employed by the same organization for decades, and then retire one day with the proverbial gold watch and a nice pension to supplement monthly Social Security checks.

Life Settlement The Joy of Giving

The Joy of Giving: Transferring Assets to Heirs

Posted: October 15, 2020 by John Welcom

A traditional way to leave a legacy is to establish an estate plan. It ensures that any remaining money upon passing away is left to predetermined, designated people (or causes), who in turn can enrich their own lives and potentially, the lives of others. However, many financial advisors help their clients experience the joy of g...

Life Settlement Transactions Increased

Life Settlement Transactions Increased by 11% in 2019 as Market Awareness Continues to Grow

Posted: October 01, 2020 by John Welcom

The U.S. life settlement market — in which seniors are able to sell existing life insurance policies that they no longer need or can afford to institutional investors as an alternative to lapsing or surrendering the policy back to the insurer — e...

Sell Life Insurance Policy

If You Help Your Client Buy Life Insurance, You Should Help Him Sell It Too

Posted: August 14, 2020 by John Welcom

Life insurance agents, financial advisors, estate planners, and other fiduciaries fulfill a unique role as trusted professionals to individuals who seek financial protection for their families and/or their estates.  This role, in part, provides a pr...

cash surrender value of life insurance

“Cash Surrender Value” vs. “Fair Market Value”
When in Doubt, Get it Appraised

Posted: August 14, 2020 by John Welcom

Consumers who have purchased a “permanent” life insurance policy — such as whole life or universal life — are familiar with a distinctive number on their regular account statements from their insurance carrier. Unfortunately, many people are ...

Paying for Health Care Costs with Life Insurance

Paying for Health Care Costs with Life Insurance

Posted: July 29, 2020 by John Welcom

Redefining Retirement Funding: A Comprehensive Review of Strategies. Welcome Funds presents a detailed analysis of retirement funding options, helping you make informed decisions for a secure future.

How to sell your term life insurance policy

Never Surrender! Convertible Term Life Insurance and the Secondary Market

Posted: July 15, 2020 by John Welcom

Many people subscribe to the adage of “buy term, invest the difference” when deciding what type of life insurance to buy for their family’s financial protection. It may be a smart strategy for some consumers, but only if they are informed abou...

is a life insurance settlement taxable

Revised IRS Guidance for Sale of Existing Life Insurance Policies

Posted: July 10, 2020 by John Welcom

CIients who own life insurance policies that are obsolete — or simply own a policy they no longer need or can afford, for whatever reason — need to work with an experienced life settlement broker who can help evaluate those policies in the afterm...

Life settlement market

The Danger of Trying to “Time the Market” for Life Settlements

Posted: July 01, 2020 by John Welcom

Most investors in the stock market understand the danger of “market timing” — trying to choose the right day to buy a stock when the price is low and sell it when the price is high.

Carrier Resistance To Life Settlements

Carrier Resistance To Life Settlements: Clients Need To Know They Can Sell Their Policies

Posted: June 15, 2020 by John Welcom

Consumers who sell their life insurance policies in the life settlement market receive as much as seven times more money than they would have received by surrendering their policies back to the insurance companies.  Seven times!  However, an estima...

Life settlement brokers represent the policy owner in the sale of their life insurance policy

Rebuttals to the “Direct Buyer” Model for Life Settlements

Posted: June 01, 2020 by John Welcom

Most professional advisors who explore the potential sale of an unwanted life insurance policy on behalf of their clients will rely on the assistance of a licensed life settlement broker. Life settlement brokers represent the policy owner in the tran...

Life Settlement Auction

The Power of a Life Settlement Auction

Posted: April 15, 2020 by John Welcom

Professional advisors with clients who no longer need or wish to maintain a life insurance policy have options when exploring the secondary market.  Many advisors prudently rely on a licensed life settlement broker to assist them in the sale of the policy and with all aspects of the transaction.  However, there is still a large num...

life settlement market

Understanding the Fair Market Value of a Life Insurance Policy

Posted: April 01, 2020 by John Welcom

When a professional advisor identifies a life insurance policy that a client no longer needs or wishes to maintain, he should ask, as standard protocol, whether that policy may have value in the secondary market. If so, the client may be able to sell...

sell your life insurance policy

How to Get the Highest Life Settlement Offer

Posted: March 16, 2020 by John Welcom

When you decide to sell a valuable personal asset, you usually want to obtain the highest purchase price for that property. It is sound business sense. However, how do you truly know when you have reached the point of accepting and securing the most desirable offer?

sell your life insurance policy

What is the Most Suitable Exit Strategy for Life Insurance?

Posted: March 02, 2020 by John Welcom

All eyes in the life insurance agency and the financial advisory world have been on New York, where in the summer of 2019, the New York State Supreme Court paved the way for implementation of Insurance Regulation 187.  This rule imposes a new standard for agents and brokers when issuing a recommendation to a client regarding an annu...

what is the cash value of a life insurance policy

Suitability of Life Settlements

Posted: February 14, 2020 by John Welcom

Traditionally, estate planning advisors counsel their high net worth clients to obtain life insurance policies with large death benefits. The strategy is simple: create a vehicle for heirs to receive tax-free income at the time of an insured’s passing so sufficient funds are available to pay large estate tax bills when assets are i...

who does a life settlement broker represent

Direct Life Settlement Buyers vs. Welcome Funds – Advisor Beware!

Posted: February 03, 2020 by John Welcom

Welcome Funds has the privilege of working with numerous financial advisors and wealth managers – and have done so for two decades – some who exclusively focus on servicing high net worth clients. One such advisor who is active in the life settle...

Life Settlement Case Study by Welcome Funds

How to Sell Your Life Insurance Policy for $4,743,000 Instead of $275,485?

Posted: January 15, 2020 by John Welcom

Mr. Williams purchased $10 Million in life insurance coverage in 2001 to provide his family with financial security. Over time, his financial priorities changed: his wife passed away, his children became financially independent, financial burdens a...