Senior Care Funding: 3 Innovative Solutions
Uncover innovative solutions for senior care funding: bridge loans, reverse mortgages, and making the most of life insurance policies.
Navigating Cancer: Financial & Treatment Support
Get guidance on managing cancer’s financial impact. Discover support for treatment costs, travel, lodging, and more to navigate your care journey.
Viatical Settlement vs. Life Settlement: What’s The Difference?
Understanding the distinct differences between viatical settlements and life settlements can be crucial for individuals looking to leverage their life insurance policies efficiently. Both offer unique benefits and cater to different needs, but knowing which route suits you best requires a deep dive into their specifics. Viatical settlements are an option for those facing life-threatening […]
Understanding Tax Implications for Viatical Settlements
Explore the tax treatment of viatical settlements and learn when they’re considered taxable income or exempt for terminally or chronically ill individuals.
What is a Viatical Settlement?
A viatical settlement is a financial transaction in which the owner of a life insurance policy sells the policy to a third party for a lump sum of cash. The seller, known as the viator, is typically someone who is terminally ill and expects to die within two years. The buyer, known as the investor, […]
