As a leading life settlement broker, we receive many questions from people on a regular basis. To make things easier for you, we have prepared some of the questions that are asked most frequently and have included our answers for you. (more…)

Whatever your reasons for considering a life settlement (pay off debt(s),  build a nest egg, secure your golden years), you may be somewhat left in the dark regarding life insurance after a life settlement. Oftentimes, seniors do not feel very  secure selling their life insurance policy; after all, you have spent a fair amount of your lifetime paying into that policy to feel safe and secure. Well, the fact is that not only can you re-purchase a new policy after the sale of your original one, but the new policy can have a significantly lower premium. (more…)

They are an unavoidable part of life, regardless of whether it is your first day working or well after retirement, taxes will always exist so long as you earn some type of income. When considering selling a life insurance policy as a life settlement, many seniors are interested in knowing how the proceeds will be taxed, and whether it is worth your effort to sell the life insurance policy.

Although your exact situation may be similar, it is always recommended that you speak to your accountant or tax advisor to make sure that there are no circumstances which may make your situation a bit different. However, there are few general bits of information regarding the taxing of life settlement proceeds that apply to most situations:

A life settlement sale is usually tax free up to the amount of money invested via premiums for the policy. The money up to the surrender value is considered normal income, while anything over is taxed at a capital gains rate.

Depending on your situation, a life settlement may be a wise investment, and the taxable amount may be small enough to still make it a good deal.

Learn about how we can help you start the proccess of recieving a life settlement today.