Does applying for a Life Settlement require my medical history?
There are a few reasons why a life settlement company may require your medical history.
Are there any risks when I sell my life insurance policy?
Selling your life insurance policy can be a way to get some cash out of your policy, but it’s important to be aware of the risks involved. Here are five risks to consider before selling your life insurance policy: If you are considering selling your life insurance policy, it is important to weigh the risks […]
What is Life Insurance with a Living Benefit?
Life insurance is a financial product that provides financial protection for your loved ones in the event of your death. However, there are also life insurance policies that offer living benefits, which allow you to access some of the death benefit while you are still alive. There are a few different types of living benefits, […]
What determines how long a life settlement will take?
A life settlement is a transaction in which the owner of a life insurance policy sells the policy to a third party for a lump sum of cash. The amount of time it takes to complete a life settlement can vary depending on a number of factors, including: In general, life settlements can take anywhere […]
Debunking Life Settlement Myths: What Your Broker Dealer Might Not Tell You
Life settlements, the process of selling your life insurance policy for cash to a third-party investor, are a topic surrounded by myths and misunderstandings, particularly among broker dealers. Whether due to lack of knowledge or misinformation, many policyholders are left uncertain about the virtues of life settlements and potentially miss out on a beneficial financial […]
Why Should I Sell My Life Insurance?
Life insurance can be a valuable financial tool, but it’s not always the right fit for everyone. If you’re considering selling your life insurance policy, there are a few things you should know. Here are some of the reasons why you might want to sell your life insurance policy: It’s important to note that selling […]
Is it legal to sell my life insurance policy?
Yes, it is. I was surprised when I first discovered this. The process is known as Life Settlement. Life settlements are legal in the United States. In 1911, the Supreme Court ruled that life insurance is property and can be sold. In 1996, the Health Insurance Portability and Accountability Act (HIPAA) further solidified the legality […]
How do my life insurance needs change as I get older?
Life insurance needs change as you get older. When you are young, you may need life insurance to protect your family financially in the event of your death. As you get older, your financial needs may change, and you may need less life insurance. Here are some factors to consider when evaluating your life insurance […]
Securing Your Future: A Comprehensive Retirement Income Strategy
Retirement marks a pivotal shift from earning a steady income to relying on a carefully planned financial strategy to sustain one’s lifestyle. Crafting a comprehensive retirement income strategy involves numerous facets, each pivotal in securing a financially stable future. Initiating this planning process begins with establishing a timeline for retirement. This foundational step is crucial […]
Transforming Financial Futures: 2024 Life Settlement Market Overview
As we step into a new year, reflecting on the tumultuous paths navigated in the financial landscape of 2024 provides valuable insights and opportunities for future planning. The Life Settlement Market, as an integral component of the broader financial ecosystem, demonstrated resilience and growth amidst the global uncertainties presented by economic volatility. Life Settlements, transactions […]
