In these tough economic times, people need all the help they can get. Christian Stanley Inc. has stepped up to the plate and has created Reverse-Life Insurance. This is a new financial planning tool that enables senior citizens to receive a substantial lump-sum of cash in exchange for a life insurance policy that is not needed, wanted, or affordable. Daniel C.S. Powell, Chairman & CEO, explains, “In today's economic crisis, senior citizens are impacted the most because they are already on ...

What is a reverse mortgage? A reverse mortgage is a loan product that allows homeowners 62 years of age and older to use their equity to generate tax-free income, without having to sell the home or take on a new mortgage payment. In fact the reverse mortgage is exactly what the title states, the reverse of a standard mortgage. How is a reverse mortgage different from a standard mortgage? With a standard mortgage, the borrower (or homeowner) makes monthly payments to the lender (or bank or mo ...

At first glance, an indemnity health insurance plan may seem to hand policyholders the short end of the stick. After all, this type of insurance tends to pay less toward health care claims than a managed-care plan. Additionally, the policyholder generally pays more out-of-pocket and has to deal with more paperwork when it comes time to file a claim. However, for a great number of people, indemnity is the undeniable way to go. Individuals may choose indemnity plans because they have favored hea ...

These days, borrowers use Home Equity Lines of Credit (HELOCs) to assist with all sorts of expenses. Some of the most popular reasons for taking out a HELOC are college tuition, medical expenses, home remodeling, and debt consolidation. Because the interest is tax-deductible, a HELOC can be a very attractive option when you need to borrow money. You may also take out a HELOC at the same time that you secure your first mortgage when buying a home in order to finance a greater percentage of what the ...

Deciding which individual and family health insurance plan is just right for you and your family can seem as challenging as judging which apple is the very best out of an entire barrel at the supermarket. The apples are all different sizes, shapes and colors, and the health insurance plans all offer different fees, types of benefits, and levels of coverage. For many people, the group health insurance plan sponsored by their employer offers them the most affordable coverage. Group health insurance ...

If you want the credit card companies off your back, credit card debt reduction is the name of the game. There are a number of ways to reduce your credit card debt; however which method you should use relies on your specific situation. Here are some situations regarding credit card debt and which credit card debt reduction solutions are ideal in each case. Situation 1: You’re Making Payments On-time but Your Debt Won’t Go Down Explanation: Basically in this case, you have credit card debt, ...

The reasons to consider a second mortgage are as varied as the programs available to you once you make the decision to tap into your home equity. Some popular reasons include college tuition, bill consolidation, health expenses, and home repairs. When it comes to borrowing money, these types of loans are favored for a number of reasons, not the least of which is the tax deductibility of all the interest paid on an equity loan. Before you start shopping around, however, you should decide whether ...

Ever hear of indentured servitude? It’s a historical concept that means you’re basically working for free to pay off some obligation (like a share-cropper). Ever just make your minimum credit card debt payments every month and feel like you are just spinning your wheels? Sometimes the two seem eerily similar. There are millions of Americans who need credit card debt help now more than ever. With over $2 trillion of revolving consumer debt, and over $60 billion of credit card debt getting “charged ...

Most homeowners have gone through the mortgage process at least a few times by the time they get to retirement age. For various reasons: bought a new home, lower their current mortgage rate or get cash out to consolidate other debts or pay for a big ticket like college or a big improvement to the house. But mention a reverse mortgage and most homeowner, regardless of their experience with refinances, will give you a bit of a screwball look. Well, don’t sweat it, the reverse mortgage process is ...