Using Your Life Insurance Policy as a Liquid Asset
Paying off debt and saving for retirement continues to be a challenge for many people due to the ever-increasing costs of goods and services. Even one medical emergency can wipe out years of savings if you aren’t careful. Looking at ways to downsize and improve your finances is often a top concern for most seniors. […]
Tax Consequences of Selling Your Life Insurance Policy
Selling your life insurance policy enables you to get a lump sum of cash, and you won’t have to pay your premiums anymore. However, you will need to pay taxes on your life settlement. Luckily, the Tax Cuts and Job Act of 2017 includes two provisions to help simplify the process of paying taxes on […]
What is the Cash Surrender Value of Life Insurance Policy?
In order to discourage policy holders from pursuing life settlements, some insurance companies resort to cash surrender value. What is cash surrender value? Essentially, life insurance surrender value refers to the amount an insurance company will offer an insurance owner who chooses to give back their life insurance policy. Normally, this occurs when a policy […]
What Is A Life Settlement? Settlements for Seniors in Retirement
The senior citizens of today, very often, are personally involved in trying to understand and make good decisions affecting their financial status and goals. In the past, once convinced to believe that life insurance was a necessity, many seniors simply continued to pay their policy premiums–year in and year out–without determining whether or not those […]
Top Reasons for Selling a Life Insurance Policy
With an ever-growing sense of financial freedom, these days, many senior citizens are dismissing their life insurance policies in exchange for other options. Usually, this occurs because of inadequacies in that life insurance plan. However, other factors, also, influence the decision to abandon a life insurance policy. Sometimes, the policyholder deems the policy as unnecessary […]
The History of Life Insurance Settlements
As an aftermarket, the industry of life insurance is fairly new. However, the life insurance industry has a history that spans further than 100 years. The life settlement industry emerged after numerous, integral judicial events and people really understood life insurance history. In 1911, the U.S. Supreme Court designated al life insurance policies as private […]
Senior Settlements Provide Options and New Life Opportunities
Many policy owners are dissatisfied with the limited opportunities provided by the terms of their life insurance policies. As a result of this, today, many senior citizens are looking to the life settlement industry for new opportunities and solutions. These senior policyholders are discovering that they can sell their life insurance policy to a third-party […]
Cashing in Life Insurance, Best Way to Sell Life Insurance
If you are in dire need of financial assistance, it may be unwise to shackle yourself to costly, monthly life insurance premiums. Sometimes, it is prudent to stop paying premiums and figure out how to get cash from your policy, instead of continuing to dump cash into it. As is the case with any important […]
How Do Life Settlements Work? Life Settlement Broker
Life settlements involve the sale of a life insurance policy by the policy owner to a third party. Increasingly, senior citizens engage in life settlement contracts because this seems appropriate, based on their personal financial goals. Often, the decision to sell a life insurance policy emerges because the policy owner believes they no longer need […]
How Did The Life Settlement Market Begin?
The novel life settlement market is the result of numerous historical events, including a judicial decision in 1911. But, by far, the singularly most influential event to give rise to the life settlement market was the HIV/AIDS epidemic in the late 1980s. This disease spurred many to search for ways to turn a life insurance […]
