Q: How long does a life settlement take?
A: A life settlement transaction can usually be completed in 30-60 days from the time the policy owner completes an application. The initial documentation is required to evaluate the value of the policy in the marketplace. If proper medical records and an original copy of your insurance policy […]
The term life settlement is synonymous to the terms senior settlement, lifetime settlement, and high net worth transaction. These types of settlements are highly rewarding to seniors who do not want their life insurance policy or cannot pay for it any longer. These policy owners can then liquidate a policy for more money […]
A life settlement provider is the person or company that becomes the new policy owner in return for a payment made to the seller. The life settlement provider becomes the policy owner, must pay any premiums that are due, and eventually collects the full amount of the death benefit from the insurance company.
We work with […]
A �Life Settlement� is a lump sum settlement paid to the owner of a life insurance policy by one of many funding sources in exchange for the ownership of the policy. Never before have non-terminal policyholders been able to receive capital in excess of their policy�s cash or surrender value to increase their wealth.
Generally, anyone […]
How does a life settlement work?
The insured or the contract owner if different than the insured submits an application through or website or be calling Life Settlement Pro. We will obtain an in-force illustration of the policy from the issuing insurer showing the face amount and any outstanding loans and premiums due.
Life Settlement Pro will […]
One large life settlement broker recently closed a transaction in which the policyholder received over $800,000 more than the policy’s cash surrender value.
A business realized it was making expensive premium payments on a $5 million policy insuring the life of an executive that had retired several years ago. With the executive’s […]
ORLANDO, Fla., June 16 /PRNewswire/ — The Viatical and Life Settlement Association (VLSAA) today reacted to a recent study of the life settlement marketplace, claiming the study is flawed and lacks application to the industry as a whole. The organization�s position is based on a technical rebuttal written by Darwin M. Bayston, CFA, a consultant […]
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 […]
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 […]
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