A cautionary note seems appropriate here. Senior Life Settlements is definitely not territory to approach without advice and assistance, counsel and due diligence of a well-versed, experienced player in this secondary market. A financial advisor with exposure and experience could advise you and assist you in become aware of any tax liabilities you may face should you sell your policy. Most times a life settlement is taxed on income above and beyond basis (what you’ve paid into your policy to date) of your policy. Each senior life settlement case is different and if seems prudent to have a consultation with a tax advisor or your financial planner prior to proceeding down path of Senior Life Settlements.

Senior Life Settlement Specialists Life Settlement Experts

Always check bank's interest rate and other charges.

Credit cards

Using a credit card to buy things means that you do not have to pay right away. Each time you use a credit card, you sign a slip of paper (or type in your PIN) to say that you agree to cost of your purchase being added to your credit card account.

You will get a bill from credit card company at end of every month listing all things you have bought. With most cards, if you clear balance in full before date given, you will not have to pay any interest.

Be very careful when using a credit card. Small purchases mount up very quickly - keep a record of what you spend. If you spend more than you really mean to and can't pay it all back in time, you will be charged interest.

Take great care of your card. If it is lost or stolen, report it immediately.

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