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Archive for September, 2005

What are the tax consequences of a Senior Settlement?

Friday, September 30th, 2005

You are urged to contact your financial adviser or tax professional to learn what taxes might apply.
However a Life Settlement transaction taxes might include:
Some generalizations can be made, however. If the policy owner has a documented life expectancy of under two years, the settlement qualifies as a Viatical and is usually tax-free.
If your life expectancy […]

New Life Insurance Options

Thursday, September 29th, 2005

Life insurance policies from individuals 65 and older can be sold for a lump sum cash payment. This type of transaction is called a Life Settlement, Life Insurance Settlement, or a Viatical Settlement which is broken down into either a Insurance Settlement or Viatical Risk.
In the past, an under performing life insurance policy has had […]

Viatical Settlement Investments

Monday, September 26th, 2005

Sen. Usie Richards amended the bill Thursday to give the GERS board another investment option - viatical life and senior settlement policy contracts, investments in which the investor buys insurance policies from terminally ill or old people for a percentage of the total policy. The investor pays the premiums and receives the policy payout when […]

Sell your Life Insurance policy for cash

Friday, September 23rd, 2005

Get a Life Settlement Today!
If so, and if you qualify, we can help you get a cash settlement for your life insurance policy and at the same time eliminate your expensive monthly premiums. Whether you need immediate cash to supplement your retirement income, would like to buy a second home, or need to deal […]

Coventry First Calls on Secondary Life Insurance Market to Donate $1 Million to Katrina Relief Efforts

Friday, September 23rd, 2005

Industry Leader Kicks Off Effort with $100,000 Contribution
FORT WASHINGTON, Pa., Sept. 23 /PRNewswire/ — Coventry First, a pioneer in the secondary market for life insurance, today put out an urgent call to its industry counterparts to contribute a minimum of one million dollars to support local recovery and rebuilding efforts on the Gulf Coast. As […]