Simple and Effective Ways to Release Stress

Stress and anxiety are common experiences for many adults, with about 70 percent of adults in the United States experiencing stress and anxiety daily. If left ignored, stress and anxiety can manifest in the form of physical symptoms, ranging from headaches to nausea. 

Contrary to popular belief, releasing stress doesn’t require an expensive spa day or a retreat. Here are some simple and effective methods to release stress.

Start exercising regularly  

Although physical activity may send your body into temporary physical stress, numerous studies have shown that exercise relieves and reduces mental stress. Adults who exercise regularly are less likely to experience feelings of stress and anxiety than those who don’t exercise.

Because exercise reduces stress hormones within the body, exercising regularly can leave you feeling less stressed in the long run. Exercise also releases endorphins, which are natural painkillers released by the body that improve mood. In addition, exercising regularly will make you feel more confident, encouraging a positive mental state.

Experiencing stress and anxiety regularly is likely to interrupt the quality of your sleep. Exercising can tire you out after a stressful day and can help you sleep more soundly.

To start exercising, try finding an activity or routine that you find fun. Whether you choose to walk the dog or run a marathon, repetitive movements can help release stress and enhance mental focus.

Speak to a therapist

Seemingly insignificant life events can seriously affect mental well-being. For example, an individual feeling stressed over their job may start skipping work and avoiding assignments. When left ignored, stress can lead to debilitating physical symptoms, including panic attacks and insomnia.

Therapy is an effective method for reducing stress and feelings of loneliness. Speaking to a therapist gives patients an outlet to express their feelings. In turn, therapists seek to understand their patients’ feelings while providing insights and help patients develop coping mechanisms. Psychotherapy, also known as talk therapy, can help adults release stress caused by emotional issues, loneliness, social isolation, and mental rumination. 

Consider scheduling an appointment with a therapist in your area. Try asking your primary care doctor for a referral or conducting a location-specific Google search, such as “NYC therapists.” Because therapists help patients learn how to deal with stressful situations, therapy can ultimately help reduce feelings of anxiety in the long run.

Pick up a new hobby

While hobbies are typically considered activities for individuals with quiet lives, even adults with hectic and stressful lives need hobbies. Hobbies provide individuals with an outlet to release stress, as well as some much-needed time away from their daily routine.

If you’re not sure where to start, consider picking up writing or drawing. Journaling can give you the opportunity to let out thoughts and feelings in a private space, while drawing can help you express feelings in a physical form.

If you’re looking for something more thrilling, try going shooting. Shooting a gun triggers a fight-or-flight response, causing the brain to release adrenaline and other hormones such as serotonin and dopamine. After the initial head rush, the nervous system releases chemicals to calm down the body.

For many novices, the rush of hormones and adrenaline comes with effective stress-relieving effects. Mastering the skill of shooting can also serve as a satisfying reward. If you’re interested in picking up shooting as a hobby, consider investing in high-quality shooting equipment like the Maxim Defense PDW brace.

From exercising regularly and attending therapy to picking up a new hobby, numerous simple and effective methods can release stress. Ultimately, setting aside time to release stress can promote improved mental well-being and increase productivity.

Beat the “New Yorker Stress” With These 5 Tips

New York City is, much like Los Angeles and other star-studded American destinations, a place that lures people in through expectations of job opportunities, added convenience, and luxury. But true New Yorkers know what the living is like, and it’s not as shiny as those tourism websites sell it. Unless, of course, you’re a tourist. 

The glam side of NYC is what grabs over 14 million tourists by the heart. However, high rents, long commuting hours and noise complaints become routine when you’re a resident. These factors not only dull the initial NY spark, but also drag down your mental health. 

The bad news is that cities like New York aren’t going to magically change to fit yours or anybody’s lifestyle. But hey, even the city life is what you make of it. So, how can you avoid stress and sleep in a city that doesn’t?

Get moving

You might have heard about endorphins, whether in explanations about the importance of exercise or why you love chocolate so much. But endorphins does more than just make you feel good — they reduce cortisol levels in your body. Unhealthy amounts of cortisol will lead to an overstressed system and improper regulation of blood pressure, metabolism, among other bodily functions. 

If you don’t feel like getting a gym membership anytime soon, going for a morning jog will work just as well. Get your sweat on at least once a day, and you’re off to a great start. 

Consider seeing a chiropractor

Being fit might leave your muscles sore for a few days in a row. For some, the previous topic is a no-no for this and other reasons. They can’t afford a personal trainer, for instance, and consider themselves unable to work on their own. Fair enough.

If injuries are your problem, finding a chiropractor in New York City might be the answer. Chiropractic practices work by adjusting your body into the right position to promote healing — hence the loud cracks you hear on videos. It’s great as a sole therapy or as an addition to any treatments you might already be getting. 

Even if you don’t suffer with sports injuries, hunching over a desk all day won’t help you minimize stressful back pain. A chiropractor will help you by correcting your posture and working to minimize the pain that keeps you up at night.

Revamp your sleep environment

The city doesn’t sleep, all right. But you need your minimum seven hours, at least if you want to feel good for work tomorrow. 

You can easily rework your room to get better sleep every night. Simple adjustments such as repositioning your bed away from main noise and bright light sources (such as windows) and hanging up thicker curtains can do the job. Also, the humming of a fan can help with blocking outside noises. 

Go for a quick nature break

Routine won’t let us have as many vacations as we wish, unfortunately. But we can still use coffee and lunch breaks to see, feel, and smell nature. Natural environments are scientifically proven to reduce stress, increase pleasant feelings, and improve the workings of our immune system. 

New York has plenty of parks and urban green spaces you can enjoy when you need a dose of tranquility in your day. And who doesn’t?

Talk to a therapist

“I’ve already got bills and rent. Why would I pay to talk to someone?”

That’s a common argument. It turns out talk therapy can be more effective than medication for some adults because it provides them with emotional tools to cope with stressful situations they can’t change. And the way you approach issues directly influences how much they’ll harm your whole body. 

Do what you can to filter out distractions and work through unhealthy aspects, so you can enjoy the metropolitan life.

How Surveys Can Improve Your Business Strategy

A survey is a cost-effective way of data collection in which people in a population of interest are asked a set of questions about a particular topic. The answers to survey questions are used to investigate opinions, behaviors, beliefs, and characteristics of the population. Conducting a survey can be beneficial for answering questions pertaining to social, political, and business topics, among other things. Surveys are often used in the academic field, market research, and the workplace.

Surveys can be conducted a variety of ways: in person verbally or using pencil and paper, over the telephone, and online. Business owners can use a survey creator, such as Survey King, and implement online surveys into the way their businesses operate, especially if one of their strategies for increasing their business productivity and sales is to improve customer service and focus on customer feedback.

How are surveys used?

Surveys are used in the academic field to get student opinions on their professors’ performance, and other aspects of their courses and their life on campus. By answering survey questions, students can give their input on what works and does not work at their university, and describe what they want more of and what they want less of on their campus. Allowing students to give feedback can improve campus life as well as improve how classes are taught.

The same principle can be followed in business. Business owners can implement surveys for employees to participate in and surveys for customers to participate in. Through surveys, employers and managers of a company can conduct employee evaluations and allow employees to voice their satisfaction and opinions about the company they work for, their work environment, and their position in the company. Employee satisfaction feedback surveys give business owners insight into what aspects of the workplace culture are successful, and what aspects need to be changed. This is important because employee satisfaction is relevant to customer satisfaction, especially in businesses that require a high amount of interaction between employees and customers, such as food service and retail. Employees that have to interact with customers face to face, on the telephone, or online, are more likely to provide customers with a positive experience if they enjoy the work they do and are happy in the workplace.

Create customer satisfaction surveys

To prioritize customer and consumer needs and improve customer service, businesses should create surveys for customers and consumers to participate in. Consumer product feedback surveys can reveal to business owners the demographics and characteristics of customers who buy their company’s products and use it’s offered services, as well as what products are most in demand, and how satisfied customers are with the products they buy. In addition to close-ended questions, open-ended questions can be included on a survey to give customers the opportunity to describe in detail what they like or dislike about a certain product, and give any suggestions about what aspects of a product should be changed or remain the same.

Customers who have just had an experience interacting with a customer service representative or using a live chat on a company’s website for assistance in finding a product, returning a product, or exchanging a product for another one are more likely to respond to a survey about their customer service interaction soon after the interaction, rather than later on. For this reason, business owners should prioritize the timing of when they request customer participation in surveys to make them more effective.

Surveys can improve customer retention. A well-timed, well-designed, relevant survey can make a good impression on customers, because it shows them that companies want to stay in contact with them and that their opinions and experiences as a customer are valued. Business owners should consider the important outcomes of customer feedback when they design surveys. Surveys questions should be targeted to the specific population of interest and they should not be misleading or persuasive. Additionally, surveys should not be time-consuming. A survey that is detailed, yet short and concise is more likely to be completed by participating customers. Surveys can be used to improve customer retention and provide information and insight into past successful sales, which enables businesses to not only repeat successful sales, but increase sales.

3 Business Tasks You Could Be Outsourcing

When you own your own business, you have a lot of things to think about. You’re in charge of the day-to-day operations as well as the big picture, but you can take a few tasks off your to-do list. Outsourcing some of your job will help your company run more efficiently and will give you the time you need to really focus on making your business thrive. Here are three business tasks you should outsource. 

Customer service

If your business relies on customers, then you need to have the best possible customer service. Businesses lose more than $75 billion a year because of poor customer service. If you don’t want your business to be a part of this statistic, implement an inbound call center. This will help you provide your customers with one centralized location to contact for anything they need that isn’t your personal cell phone. 

Since this call center operates digitally, you will be able to hire excellent customer service representatives who can help your customers with whatever they need. This omnichannel software allows your callers to switch between modes of communication, whether it’s a phone call, text message, video chat, or instant message. This means you will always be able to help your customers, no matter how busy they are. Being able to give your customers the best possible customer service means they will continue to support your business, and this call center allows you to focus on other important tasks and not spend hours answering the phone.   

Payments

Are you currently writing checks to your employees and your supplies? Not only is this not a great business plan, but it costs you an enormous amount of time. With Smart Payables Outsource Payment Processing, you don’t have to worry about keeping track of your checks and accounts. The system will create reports and handle all the little details of writing the checks, including keeping the security tight. The last thing you want to worry about is fraud or theft, and using SmartPayables helps you keep everything in order. 

SmartPayables does same-day printing, so you never have to stress about last-minute payments, as well as USPS tracking. You can rest assured knowing your employees and vendors are being paid on time and with secure checks. After all, your business can’t run without the people who help it continue. Eliminating the stress of paying each person with a handwritten check will help you feel more relaxed and more secure. 

Marketing

Maybe you started your business thinking you would do the marketing yourself or you would hire someone you know to handle it. This is a great plan for a new business, but after a while, it makes more sense to outsource your marketing. If you realize your marketing plan never works out the way you intend, it might be time to find someone else to handle it. 

Outsourcing your marketing will give you time to focus on other aspects of your business and will leave this task to the professionals. You need to make sure your marketing is given the time it deserves, because marketing is essential for the success of your business. By outsourcing it, you’ll ensure your marketing strategy is always working and your outsourced marketing team will be able to really focus on your business and what it needs. Don’t let marketing fall behind as your business grows. Use your new resources and revenue to hire the right people for the job and watch your business continue to grow.

When you own a business, you want to make sure you’re doing everything you can to help it grow and thrive. Outsourcing some of the tasks you now do is an excellent way to continue to work towards your amazing goals. 

Innovations in Health Care: How Tech is Influencing Medicine

Medicine in the past was a bit of a guessing game. You didn’t know whether you were having a boy or a girl before sonograms were invented in the 1950s. Getting backtest results could sometimes take weeks. If you had an emergency of some sort, you had to hope your doctor was a specialist. But the progression of technology and of what it can achieve has been faster than what anyone could have predicted, especially over the past 10 years ago. As artificial intelligence has been receiving more research, and more startups work to keep people healthier than ever before, technology is influencing medicine, and the illnesses being treated more efficiently on a daily basis.

Cancer

Cancer, in all of its various forms, is the No. 1 disease researched by grants provided by the US National Institutes of Health. This is because of its prevalence, and the effect that it has on not only those diagnosed, but their loved ones, co-workers, and friends as well. Cancer has the ability to destroy lives, especially if it’s found at later stages. So preventive medicine and early detection are key. Because of technology, early detection is not only easier, but also more affordable for people to access.

Previously, the best way to get a confirmed cancer diagnosis was through blood tests and sometimes a scan of only the affected area. This would be done after symptoms had begun to show and a doctor had ordered the tests. Some cancers are undetectable until it’s already too late, and some are mistakenly diagnosed as something else. A delayed diagnosis can be deadly. Technology is changing that, however. Now, scans such as Ezra can be done of the patient’s own accord, and can scan the whole body, if the patient chooses. MRI scans used to be an incredibly expensive test that could only be done in hospitals that were big enough to afford the technology. With technological innovation progressing at faster rates now, however, smaller clinics can affordably provide what was once reserved for those with money, or those near larger care providers.

Silent killers

Not every life-threatening illness has the immediate effect that cancer does on people. Some can be managed by lifestyle changes, leading the person to thrive for years. The tricky part is finding the root cause of the problems and symptoms that are presenting. Again, though, it’s not only blood or other expensive and uncomfortable tests that can be done now. Finding out whether you have high blood pressure, cholesterol, or even just if you have a healthy muscle-to-fat ratio, can be done almost anywhere. Portable devices can be used by health care providers that travel, or they can be in schools. Even gyms, or a health and wellness center in East Brunswick, NJ, can have technology that is so efficiently made that it can be trusted to determine whether help is necessary.

After this determination, a doctor, nutritionist, or trainer can help you to achieve your goals and live a healthy, active life, regardless of what ails you. A balanced diet and exercise regimen that’s tailored specifically to you and your needs can sometimes be all that you need to attain a more enjoyable day-to-day.

Technology no longer only serves to help us with external wants and needs. It’s not just for entertainment or to help make life easier around the house. It’s now being used every day to help people with diseases, with making better food choices, with treating the things that affect us into our very cells. 

Benefits of Ballroom Dancing You Wouldn’t Think Of

So, you’re looking to work out and get a bit more healthy. But the neighborhood fitness center isn’t doing much for you, as you want to change up your routine and try something new. This is where ballroom dancing can come in, as this physical activity is not only great for improving your rhythm and coordination but comes with a variety of health benefits as well! 

Here are some unique benefits of dancing that you wouldn’t think of. 

Muscle toning

Dancing doesn’t just require coordination with your legs and feet, your core and arms benefit as well. You use your entire body when you dance, and doing so helps to tone muscles all throughout your body. Plus, a huge aspect of ballroom dancing is working with a partner, which means you have to resist your partner’s body strength. This is apparent when you have to be in a specific arm hold, lean against your partner in a specific move, or even when the male lifts the female dancer. So not only can you depend on nice toned legs, you’ll see your arms benefit as well from constant dance practice.

Improve your self-confidence

You may feel that you are too shy to shake your stuff on the dance floor, but think again! Ballroom dancing is a great activity for many, as it will bring you out of your shell in no time at all. Not only does dancing require you to be up close and personal with another dancer, but you will also meet tons of people during your dance class via your studio. There are plenty of people to interact and dance with, so it only makes sense that your self-confidence will soar after a few lessons. In fact, you may find yourself looking forward to showing off your new show dance, because the world needs to see how hard you have worked for it!

Improve your flexibility

Ballroom dance requires flexibility, meaning it is common to feel sore after your first few dance classes. But you’ll soon notice that you’ll be becoming more flexible in that you can adequately flex and reach all the stretching moves you wouldn’t have been able to when you first started. Plus, dance classes start by stretching and warming up, so you’ll be nice and limber for practice. This benefit is especially important because when dancers are flexible, it is easier for them to protect against dance-related injuries from occurring. 

Easy on your bones and joints

Ballroom dancing is a great option for those with joint or bone problems that cannot properly do high-impact exercising in fear of hurting themselves even more. Because ballroom dancing is a weight-bearing activity, those with knee and hip issues can really enjoy being active without putting their health at risk. This kind of dancing is easy on the bones and joints, which helps to decrease the likelihood of injuring yourself if you go too hard when you exercise.

Boosts your endorphins

When you exercise enough, you produce endorphins that signal your brain to be happy and think positive thoughts. Dancing does exactly that — creates a happy, positive activity for you to do while burning calories at the same time. And what could be better than feeling good, looking good, and having a boost in your self-confidence? Add that to the fact you’ll be having fun and listening to good music, and you’ll have a blast and find yourself coming back for more.

With these benefits in mind, there are plenty of reasons to enroll in your nearest ballroom dancing studio today. So what are you waiting for? The cha-cha is calling you!

Here’s What to Do When Your Tenant Is Locked Out…Again

By your best estimate, it’s the third time this month that the tenant in Unit 3 has called you up in the middle of dinner to ask if you could let them in. You take a deep breath, excuse yourself from the table, and go handle the crisis.

Everyone has that one tenant who seems particularly forgetful. Whether it’s misplacing their keys or locking themselves out altogether, it’s important to have a solid plan in place so you’re able to make sure that this stops happening. So what do you do? 

Consider a code-protected dropbox

Chances are, you’ve probably seen one of these in the wild before. These dropboxes tend to vary in size and, more often than not, have a keypad on the front. That way, any authorized user who has the code to the dropbox can access its contents.

Naturally, you wouldn’t want to spare backups of every tenant’s keys in one of these. But if you opted for the smaller models and had individual ones dedicated to each unit in your building, it would be a sensible alternative that could help stem the tide of SOS calls flooding your phone. 

You could even take this a step further and go for keyless entry into the units. There are plenty of door options that either rely on key fobs or codes. Of course, this would be quite the financial investment, but it would be a great way to maintain security without handling an ever-revolving backlog of tenant keys.

If you do choose to go this route though, you need to keep in mind that after each tenant moves out, you’ll need to change the code. Luckily, most modern systems make this a fairly simple process that shouldn’t eat up too much of your time and energy. 

Invest in landlord software

For the most part, getting landlord software is more for your benefit than the tenant’s. Companies like Turbo Tenant offer landlord software to property managers in an effort to help them more effectively manage their units. This means that, through the software, you can handle anything from the initial screening and leasing process to tenant requests and maintenance issues.

When it comes to recurring lockouts, you could even flag a tenant’s account and keep track of the frequency of the problem. Depending on the lease you’ve put forth, you could add a clause stating that “X amount of lockouts will result in an added fee on top of monthly rent.” It’s a fair and effective way to reimburse you from the time you’ve spent making new copies of keys and letting tenants into your building.

Plus, it does have some tenant-facing benefits too. If you’re running a multi-unit building, then you might be employing a front desk agent or concierge service. That means, before letting any tenants into the building, you need to verify their lease and reference it against a form of personal identification.

With landlord software, this is a snap. You can pull up the lease and acquire the pertinent information within minutes. On an older model, you may be stuck sifting through poorly organized computer files or digging through an overflowing filing cabinet to find the right papers. 

A better system

No matter how you choose to approach the issue, it’s important to have a plan in place when it comes to sometimes problematic tenants. Whether you’re investing in new hardware or software or simply adding penalties for continued lockouts, it’s important to be proactive in the management of your tenants. As long as you’re taking the right steps, you’re creating a better landlord experience for yourself. 

How Does Ringless Voicemail Work?

What is ringless voicemail, how does it work, and why is it beneficial?

You’ve got questions, and we’ve got answers.

Whether you’re a company trying to follow up on leads as fast and efficiently as possible or a large organization that needs to spread a message to a large number of people, here’s everything you need to know about ringless voicemail.

What’s ringless voicemail?

Ringless voicemail, also referred to as a voicemail drop, is exactly how it sounds. It’s dropping a voicemail into another person’s inbox without the phone ringing. Instead of a call being made, a message is sent straight to the person’s inbox. The person making the call doesn’t have to wait on the phone for someone to answer or for the call to go to voicemail.

This technology was invented by Stratics Networks more than 10 years ago, with ringless voicemail being adapted to mobile in 2013. So while voicemail drops have caught on in a big way in recent years, this technology has been around for a long time.

How does it work?

We know what you’re thinking. How is it possible to leave a voicemail without making a phone call? 

This magic happens on the back end of the server, and that’s why it’s the desired method for companies and consumers alike. After all, by inserting a voicemail directly into the phone’s voicemail system, the voicemail in itself is a nonintrusive form of messaging. That’s because the phone never rings, and therefore it doesn’t interrupt the prospective client or customer who may or may not be busy.

With robocalls and spoofing getting worse, people are becoming more irritated by their phones and the calls coming in from unknown or unrecognized numbers. However, with voicemail drops, you’re directly dropping a voicemail into the person’s inbox, and so you’re eliminating the call portion of the conversation entirely. Also, you’re contacting leads and numbers you have permission to contact.

Why is it beneficial?

So why and how is ringless voicemail beneficial? 

First things first. It should be perfectly clear, especially in the robocall age, that you should drop voicemails only into inboxes that you already have permission to contact. You should always follow FCC rules and regulations and use voicemail drops responsibly.

That said, ringless voicemails offer benefits for large companies and organizations, such as schools or churches, because they allow these companies to reach a large number of people at once. 

For example, if there’s a change in school policy (and it isn’t life-threatening or an emergency), then a school or school district can relay this important information to all of the students and their parents with ringless voicemails rather than having to call every single parent/student at once. The best part in this scenario is that, since a call is never made, it doesn’t cost the person being called any money or take up their data.

As for a company that’s following up on leads, that company can follow up on these leads at once with ringless voicemail, and the most interested parties will call the company back. This allows the company to save as much time as possible during this process and separate leads from customers.

On top of that, Stratics Networks has a built-in National Do Not Call list to ensure you’re meeting basic call regulations, and its services can help increase your company’s response rate.

While this guide only scratches the surface of ringless voicemail, it should give you a better understanding of what it is, how it works, and how it can benefit your business.

The Ultimate List of Tax Forms for Small Businesses

Starting your own business is an exciting time, but it can also be quite stressful. There’s a million things that you have to do; and there’s always a ton of paperwork to deal with, including numerous tax forms. Filling out all those tax forms can be a pain, but it’s necessary when establishing your own business. You want to make sure everything is above board after all. And not having all of your tax forms properly filled out may cause problems down the line with your business. Businesses big and small are required to go through this process, and you’ll later learn just how important it is once you get your business up and running. 

Here’s some important tax-related information you should know when starting a new business, as well as a list of some of the key tax forms you’ll need to fill out. 

Important Information On Federal Taxes That New Business Owners Should Know

  • Is it a hobby or a business? This is a key piece of information that the Internal Revenue Service would need to know about your new enterprise. According to the IRS, a business is created specifically to make a profit, whereas a hobby is something you engage in solely for sport or recreation. It’s imperative that you base this determination on all of the facts and circumstances. 
  • Choosing a Business Structure — When you launch a new business, you need to decide what form of business entity it will be. Your business structure determines which tax return form you need to file. The most common forms are sole proprietorships, partnerships, corporations, and S corporations. Visit the IRS website to learn more about selecting the correct business structure. 
  • Employer Identification Number (EIN) –All business owners, no matter how big or small the business, need to apply for an Employer Identification Number (EIN). An EIN is a 9-digit number that’s assigned to employers, sole proprietors, corporations, partnerships, estates, trusts, certain individuals, and other entities for tax filing and reporting purposes. The type of EIN form you use is determined by how your business is organized.
  • Income Taxes — With the exception of partnerships, every business must file an annual income tax return. (Partnerships file an information return.) The tax form you use is determined by how your business is organized. You are required to pay the federal income tax as you earn or receive income during the year. Also, in many small businesses, the owner is personally responsible for paying the income tax and not the business itself.
  • Record-keeping — As a business owner, it’s always wise to keep good records. This will help you better prepare your tax returns; monitor the progress of your business; prepare your financial statements; keep track of deductible expenses; identify sources of income; and keep track of your basis in property.
  • When Do You Start Your Tax Year? You will need to determine your taxable income on a tax-year basis. The IRS describes a “tax year” as a yearly accounting period for maintaining records and reporting income and expenses. Also, it should be noted that an annual accounting period does not include a short tax year.

Some of The Tax Forms You Will Need When Operating a Business (includes Sole Proprietorship, Corporation, Partnership, or a Limited Liability Company) 

  • Form SS-4, Application for Employment Identification Number (EIN)
  • Form 1040-ES, Estimated Tax for Individuals 
  • Form 1120-W, Estimated Tax for Corporations
  • Form 8832, Entity Classification Election: This tax form allows owners to 

elect how they want their business to be classified for federal tax purposes (a corporation, partnership or an entity disregarded as separate from its owner)

  •  Information Returns Forms (W-2, 1099-A, 1099-MISC, 1099-R, etc.)
  • State Tax (Forms and Information)

There are many reputable places to find printed tax forms. For instance, The Mines Press offers a wide variety of preprinted tax forms. The business-to-business printing service carries IRS-approved tax forms that can be used in nearly any software program.

Options for Selling a Life Insurance Policy

If you are a senior or have a life-threatening illness,  it can produce a lot of anxiety to think through aspects like finances. However, there could be some pressing financial needs that cannot wait, such as medical bills or living expenses. Life insurance settlements or viatical settlements can give you cash for your policy so that you can use the funds to take care of bills that need attention. When you sell your life insurance policy, you typically will be selling to a private entity or investor, who will then own the policy themselves. They will pay your premiums and will then receive the payout when you pass. Selling your policy can give you needed financial freedom, but as with all important decisions, there are some things to research beforehand.

When to consider selling a life insurance policy

The people who are most eligible to sell a life insurance policy are those who are facing a life-threatening illness or those who are elderly and no longer need the policy for its original purpose. If you are a senior-aged individual, you may want to consider selling your policy if you can no longer afford the premiums or if you find that you no longer need the life insurance policy. If you have a life-threatening illness, you may want to sell your policy to help fund medical bills, alternative treatments, or pay living expenses. In either case, most companies require you to have a life policy of $100,000 or more.

What to consider before you sell

When you initially purchased a life insurance policy, you made a large financial investment. One of the biggest things to consider before you sell is whether you still need your life insurance. If you can still pay the premiums on your life insurance and will leave behind beneficiaries who may need the money, it would behoove you to keep the policy. Of course, one key note to consider when selling your life insurance policy is whether the seller you are conducting business with is reputable and trustworthy. Luckily, there are reputable settlement companies out there, and they can work with you to discuss your options. One such company is American Life Fund, which offer resources to help you throughout the process, including an instant quote on your policy’s worth. For more information on how you can get immediate cash for your policy through American Life Fund, visit americanlifefund.com

How much can you make from selling your life insurance policy?

The short answer to how much you can make from selling your policy is, “it depends.” The long answer is that your payout is different based on the death benefit, your life expectancy, and the policy’s premiums. If your life expectancy is longer, it means a potential buyer would have to pay more premiums before receiving your policy’s benefit. However, if you have 24 months to live or less, your policy may be worth much more. When you sell your life insurance policy, you can expect to make more than what you would receive if you surrendered the policy, but less than the amount of your death benefit. No matter what options you choose financially, make sure you are working with a team or company you trust and that you do your own independent research on your options.