Last year, an Associated Press survey found 44% of Americans born between 1946 and 1965 are not confident that they will have enough money to live comfortably in retirement. “Save more” is what these baby boomers hear when they seek advice regarding their dire retirement situation. Reverse mortgages and life insurance settlements might not be perfect for everyone, but seniors and baby boomers may not have many other choices. A survey by International Communications Research found 79% of respondents felt that insurance and financial professionals should inform clients about the option of life insurance settlements. One-third of respondents said they would consider such a transaction to help fund their retirement after life settlements was explained to them.

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