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 […]
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 […]
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 […]
Life Settlement Pro is now offering FREE Life Insurance Policy Evaluations
If you are a policy owner, insurance agent or broker, financial planner, or a financial professional we can now offer a life insurance policy evaluation to you or your clients.
Find out quickly and easily the fair market value of your policy. A life insurance settlement […]
The insurance industry is getting a jolt of technological savvy from a company of forward-thinking brokers who have established the first-ever online auction site focused on selling unwanted life insurance policies.
Life Settlement Insights late last month kicked off its new auction site LifeX, the first online exchange in the life insurance settlement industry. The industry […]
Life Settlements
Life Insurance Settlements
Senior Settlments
Insurance Agents and Financial Professionals now have the opportunity to offer life settlements to their clients.
The majority of life settlement transactions are entered into for the purpose of purchasing other valuable insurance and financial products. (i.e. annuities, LTC, current generation life products�)
Life settlements are the opportunity to provide a highly profitable […]
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