"Life Settlements – Hidden Assets Uncovering the Hidden Cash"
President’s Message Life Settlements – Hidden Assets Musings of a baby boomer: The Uncovering the Hidden Cash in Life Policies presentation by Dr. Fulton last month on capacity issues brought home the Last year over 80% of seniors more than 65 years old let their Life Insurance policies fact that our world is going to look lapse. Why? They were no longer needed; the business had been sold; the house is much different in 20 to 40 years than paid off; key-man insurance is no longer needed; last minute expenses taken care of it does now. There will be a lot of and the list goes on. Most seniors are unaware that their existing life insurance may older boomers, a lot. We are living be liquidated for 10-60% of the current coverage amount, regardless of the cash value. longer, working longer, but we will Also one can actually sell their life insurance policies for potential multiples of the also have our old-age disabilities. cash surrender value. This is called Senior Life Settlements – a financial tool Katrina shows us what can happen usediuu by senior policy owners and financial without proper infrastructure; is America ready for the aging boomers? applied to life Wednesday, October 19, 2005 advisors money in excess of insurance creating the cash Will the government be there to help surrender value. those who didn’t plan? Will the Lafayette Park Hotel infrastructure be there to handle this 3287 Mt. Diablo Blvd. Ron C. Peck will share with us the aging population, or will even those in Lafayette Hidden Asset – Hidden Money that is poverty be required to look after available for those who no longer need themselves? Will the “homeless 6:00 PM. Wine and Registration their life insurance policies while problem” explode? We will hear a lot 6:30 PM Dinner and Speaker wanting to optimize their assets. This more about this subject because it is is also a great opportunity for not a maybe, it is a certainty. Perhaps Cost: $30.00 dinner (if mailed in) Nonprofit Foundations & Organ- we each need to be involved in the $35.00 (at the door) izations that are looking for new global solution now as well as funding sources. selfishly plan for ourselves as we Reservations and cancellations must be move from healthy youngsters to received by Monday, Oct 17, at 1:30 Ron is an MBA whose background healthy elders. When we are still p.m. to be assured of a reservation. includes professional experience in working into our 70’s and 80’s, will sales, marketing, business develop- Please send your check in the enclosed we continue to assist our clients, ment and management, both envelope today! or call Bonni at: domestically and internationally, in family and friends. Will we be a predominantly “me first” society? or Diagnostic Imaging and Therapeutic 925.686.4819 Oncology. will we be a “know and help your neighbor” society? Will most of us Three years ago he returned from an still be driving automobiles into our Please Note: This meeting will qualify assignment in Switzerland after having 90’s? How will we get around? Will for one hour of Continuing Education established a medical soft-ware we stop commuting to our jobs as our credit for CPA’s, CFP’s and PACE division of an American medical mobility becomes more difficult and accredited for CLU’s and ChFC’s. software company in Europe, the out of necessity bring jobs closer to Attorneys: This activity has also been Middle East and Africa. home? Planning for infrastructure and approved for one hour of continuing these social changes takes decades. Is Legal Education Credit and qualifies as He is also a Principal in a company the government planning? Is business Legal Specialization Credit for Estate called Fearless Wealth. This is an planning? This could be a new area of Planning Trust and Probate Law in the Investment Education Company whose planning for our group which crosses amount of one hour. charter is to educate interested parties all disciplines. The world will be so about “money” starting at the most much different and we need to basic level. Their latest offering is in anticipate the future now so that it Dues are Due! If we have NOT yet Senior Life Settlements which we will doesn’t hit us like Katrina hit the Gulf received your dues, another notice is be hearing about on the 19th. Coast. enclosed. For credit card payments, go to www.acteva.com/go/epcdv Join us! - Annette M. Knox, President