Life Settlement and Viatical Settlement News

Life settlements can be real saviors for people whose life insurance policies will expire if the status quo is maintained, and who cannot (or are unwilling) to put additional cash into the policy to keep it alive. Instead of the policy eventually becoming worthless, or being limited to the policy�s existing and perhaps low cash […]

Found this article and decided to post it because this was one reason a few years ago that gave viatical settlements a bad name. With more strict regulation from the government and insurance companies, viaticals are no a great tool for terminally ill policy owners.
LEXINGTON, Ky. — A federal judge has dismissed a lawsuit […]

Receipt of payment under a senior settlement may affect your eligibility for public assistance programs, such as medical assistance (Medicaid), aid to families with dependent children, supplementary social security income, and AIDS drug assistance programs; and it also may be taxable and subject to claims of your creditors. Before applying for a life settlement, you […]

Life Settlement Tax Information
If the life settlement amount is less than the tax basis of the policy, there is not a tax liability. Generally, any amount received in excess of tax basis is taxable as ordinary income, capital gains, or both.
If the cash surrender value of the policy exceeds the policy’s tax basis, the difference […]

More seniors of now using their unwanted or under performing life insurance policies as fundraising tool for their churches or favorite charities. They are now using a Life Settlement Donation, below are the some benefits and reasons for a donation.
1. Making a donation to his/her favorite philanthropic organization without depleting cash reserves or losing […]

There are many reasons a senior life settlement may be an ideal financial option for you. Click here for some examples of how a life settlement might fit your particular financial circumstances.
We understand selling your life insurance policy is an important financial decision and Life Settlement Pro works with you and your financial, legal, and […]

Selling one�s life insurance policy as part of a broader financial planning strategy may be a prudent business decision, but nonetheless a significant step for the policyholder. The individual will want to know that they can trust their financial advisor to recommend the best course of action to meeting their changing needs.
Financial advisors have a […]

Viatical Settlement Definitions
viatical settlement
1. [n] sale of an insurance policy by a terminally ill policy holder.
Synonyms
viatical_settlement viaticus_settlement
Related terms
Type of liquidation
viatical settlement
1. [n] cash derived from sale of an insurance policy by a terminally ill policy holder.
Related terms
Type of advance death […]

LSP has built a Life Settlement Alliance with industry brokers and providers. We show you how you can turn your life insurance policy into cash today with our quick and easy life settlements program. Why keep paying those expensive premiums for coverage you don’t need? Why surrender the policy for less than it is […]

Insurance Settlement Industry Founder Refutes Mass Mutual Study; Wm. Scott Page Says Sample Flawed, Findings Exaggerated
ATLANTA–(BUSINESS WIRE)–June 6, 2005–Wm. Scott Page, one of the founders of the life insurance settlement industry, issued a response today to the recent study, underwritten by Massachusetts Mutual Life, of the life settlement market. He notes that the study’s limited […]