In times of struggles in life, even a job is hard to find. I am saying this because my parents and siblings have experienced difficulties in job hunting back home. Here in the US, as long as you are able (yet even those who have disabilities) and not very picky, you can land a job. And if blessed with a satisfying compensation, you will be able to pay for your apartment and car. In addition, you can also pay for your insurance policies.
My family back home has a simple way of living day to day. My parents do not have a stable job so they do not have the benefits that the regular workers should have. No Social Security nor life insurance. Why? They do not have enough resources to pay for those. I think workers here in the US are lucky to have those type of privileges (are they?). It is because when they get old and not able to work anymore, they will be receiving the fruits of their labor.
But there are some senior citizens who get into A Life Settlement process where they want to get a lump sum of money from their life insurance policies. It seems to me that they surrender or sell their life insurance policies to a third party. This way, they do not have to pay for its premiums. Instead, they will get the money they want and use it to fund particular living expenses. Sure seems complicated but, like I said, some seniors are doing it. But whatever the reason is, it is always important to seek a helpful advice.
As we know it, we are not getting any younger. So we should use our time wisely. The money we earn from working or business should also be managed properly so our family and ourselves will benefit from good financial management.