Life Settlement and Viatical Settlement Taxes
We have received many questions regarding the taxation of your life insurance settlement.
We recommend you speak to a professional tax advisor regarding this issue. Typically, any amount you receive in excess of the cash surrender value would receive preferential tax treatment as capital gains. Viatical Settlements, the prototype from which Life Settlements were developed, are tax-exempt.
We however, would be glad to discusss and explain the settlement process to your personal tax advisor or accountant. Contact us with any concerns.
