These are just two of the startling statistics called out in this infographic, Throwing Seniors a Financial Life Saver. The infographic explains how life settlements – transactions through which policyholders sell their life insurance for fair market value – can generate income to pay for long-term care, vacation getaways, or other expenses.
The infographic attempts to answer the question is life insurance weighing you down. One of the expected trends related to the US seniors shows that in 2060 the expected number of those aged 65+ will comprise 92 million. For instance, in 2012 their number was reported to be around 43 million.
In the second place, 1 in 5 adults over the age of 65 skip doctor visits due to high out-of-pocket costs. But is life insurance weighing you down?
It is estimated that about 44% of U.S. households have individual life insurance policies. Besides, the infographic outlines the legal aspect of life insurance. For more valuable information and facts read the full infographic below.
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