(For anybody who is interested but who cannot make it at the scheduled time, a recorded version of the webcast will be available at the same URL afterward.)“For those nearing retirement age, this seldom-discussed strategy can be just the Hail Mary play needed to ensure longevity protection throughout a long retirement.By delaying retirement for a few months, your clients can access the chunk of cash that can be fundamental to purchasing a product to protect them from the unexpected at a time when the client’s retirement needs have finally become a reality.” As a bit of background: When you file for benefits (whether retirement benefits, spousal benefits, or widow/widower benefits), you can essentially backdate your application by up to 6 months.Click here to read more, or enter your email address in the blue form to the left to receive free updates.You should apply for housing benefit and / or council tax support as soon as you can.If you didn’t manage to submit an application from the date you were entitled we may be able to backdate your claim.Backdating your claim means we will start your claim from the date you were entitled instead of the date we received your application. Requesting for your claim to be backdated To request for you claim to be backdated you will need to submit the request in writing.Let’s look at some advantages of backdating insurance policy.Backdating provides you the option of paying lower premium by altering the policy start date and selecting the one which gives you better premium rates.
(The backdating cannot, however, be applied to any month prior to full retirement age.) The “lump-sum strategy” discussed in the article consists of: So for example, a person with an FRA of 66 following the strategy could wait until age 66 and 6 months to file for retirement benefits.Many of us dream of time traveling, either to change our past or foresee our future especially when viewing life from a financial perspective.We generally ponder on our past financial decisions like, “Had I invested in ‘X’ stock five years back, I would have earned substantial returns by now.” However, the life insurance policyholders can stay delighted as they have the power to turn the clock back and change the start date of their policy to an earlier date.Now I know you are a shy lot and like to keep your opinions to yourselves but I thought I would make you aware of an opportunity to have your say on the topic of application process simplification. ” I hear you all shout but just in case you want to influence the future of such things as: simplifying the requirements for design and access statements, improving the validation stage and requirements around local authority decisions notices, I have included the link to the consultation for you.You have until March 4th, 2013 to opine, go on, don’t be shy!