Posted by The Policy Settlement Alliance on Fri, Aug 20, 2010 @ 04:30 PM
By Michael J. Collins
To define life settlement insurance one must look at exactly what it is. To an extent it isn’t an exact form of insurance at all. Life settlement insurance is the idea that individuals don't have heirs or funds to aid them in retirement years. The perspective seller will hire a life settlement broker or a couple of brokers to try and find the best sale possible on their client’s behalf.
The funds received from life settlement insurance can be used how the client sees fit. While tax implication can vary based on several factors including the amount of funds received or the federal, state tax laws; thus it’s always best to check with your accountant before embarking on this endeavor.
Lastly it is always best to investigate each option before taking the step into life settlement route. For those who simply don’t want to spend the amount of money for life insurance anymore, but don’t want to lose the value of their policy this is perhaps the best and easiest way to gain the most out of the policy. For further information please go to LIVEpdq.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by The Policy Settlement Alliance on Mon, Aug 16, 2010 @ 01:29 PM
by David M Epstein
Life settlement insurance or a life settlement is the sale of a life insurance policy for less than the death benefit, but more than the cash surrender value. In a life settlement insurance transaction the cash offer can be as much as 10% more than the cash surrender value. If you are a senior and you are considering letting your life insurance policy lapse or settling for the cash surrender value, life settlement insurance is something you will want to consider.
Seniors also consider life settlement insurance when they have a personal change such as death or divorce and no longer need their life insurance policy, or if a policy is under performing. If you no longer need a life insurance policy to cover the financial needs of a certain beneficiary, you can enter into a life settlement transaction and sell your policy for cash. Likewise, if you have an policy, you have the option to sell your policy for cash and purchase a new policy that better suits your needs.
Click our LIVEpdq link for a free life settlement estimate today!
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by The Policy Settlement Alliance on Mon, Aug 16, 2010 @ 09:57 AM
By Blaine M. Ferguson
Life settlement insurance will be regulated by a new commissioner later this year. State Sen. Ralph Hudgens, a Republican, won a recent runoff in Georgia by taking in 55% of the vote.
This is important news for the life settlement industry as Hudgens was fully supported by the industry, and he understands the importance of life settlements in the market place and how they can help seniors.
Hudgens, a resident of Hull, an Athens suburb, has raised more than $500,000 and expects to increase that by several fold while he gears up for the general election against Democrat Mary Squires in November.
Squires is executive director of the self-insured health insurance trade association.
For more information about life settlement insurance and news regarding life settlement insurance, please visit LIVEpdq by clicking on the link above. By clicking on LIVEpdq you can also receive a free policy evaluation to see if you qualify for a life settlement.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by The Policy Settlement Alliance on Tue, Aug 10, 2010 @ 01:53 PM
By Phillip J Powell
Life settlement insurance is where a policy holder sells their insurable interest to an individual or a company. Policy holders typically want to sell their insurable interest for the living benefit of the policy. The proceeds are used for mounting medical bills, everyday living and sometimes to purchase new polices.
Life settlement insurance became popular during the AIDS epidemic. Investors targeted policy holders with life insurance policies and purchased these polices because of their short life expectancies. The industry was new and just like any industry anything that grows to fast has it's flaws. Many policy holders were given pennies on the dollar for their life insurance policies. There have been many regulations over the years to protect the policy holders.
Life settlement insurance can be owned by an individual or a company. Many end owners of polices purchase policies in bulk with different life expectancies. The overall portfolios of life insurance that these companies own resemble stock portfolios. The are different grades of risk for these policies. The risk are determined by life expectancies. The length of the life expectancies determine the type of settlement. Viatical settlements are policy holders with two years or less to live and senior settlements are for people 75 and older with up to 19 years to live. For more information please go to LIVEpdq.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by The Policy Settlement Alliance on Sun, Aug 08, 2010 @ 12:28 PM
By Ian F Smith
The following are answers to some basic questions about the life settlement insurance market
1. What's the difference between a life settlement and a viatical?
Both are the sale or transfer of a life insurance policy to a third party funding company in exchange for a cash payout. The ownership and beneficiary of the policy changes to the new funding company and they continue to pay premiums until the death of the insured. The difference is that a viatical settlement is a transaction of a policy on an insured who has had a life-threatening illness or accident and has been given less than a 24 month life expectancy. A traditional settlement can be done on an insured with 150 months or more of projected life expectancy.
2. What are some of the basic reasons to consider a life settlement. There are several reasons the life settlement insurance market has come up with.
- the policy is no longer needed or wanted
- changes in your financial needs
- premiums are too expensive
- in need of cash for other circumstances
- estate planning needs have changed
- life changing events such as divorce, bankruptcy, death of a partner
3. Does the life settlement insurance market charge fees?
Yes. There is typically a fee or commission arrangement with the agent, broker and funding company. In most cases these are negotiated with the funding company and then disclosed to the client.
Look for more updates and answers to your basic life settlement questions by visiting our LIVEpdq webcast.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by The Policy Settlement Alliance on Fri, Aug 06, 2010 @ 01:14 PM
By David M Epstein
Life settlement insurance refers to the sale of a life insurance policy for less than the death benefit, but more than the cash surrender value. Those who typically qualify for life settlement insurance are seniors and insured who are terminally ill. The life insurance policy being considered for sale must be past its contestability period or over two years old in most States.
All life settlement insurance transactions are different; this is why you should have an experienced agent/broker assisting you with your transaction. The following are policies most likely to be looked at by providers and investors: Universal Life, Whole Life, Joint Life Insurance, Survivorship, and Convertible policies. Most providers/investors are looking at policies at a minimum of $100,000 but not more than $1 Million, although there are certain circumstances where providers will consider other face value amounts. Again it is important to work with an experienced agent/broker who knows the industry and what current providers are looking for.
Click the LIVEpdq link for a free life settlement estimate today!
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by The Policy Settlement Alliance on Wed, Aug 04, 2010 @ 02:08 PM
By Jeff Kennedy
Life settlement insurance is another way of referring to the life settlement process. A life settlement is a transaction in where a no longer needed or wanted life insurance policy is estimated to have liquid value and is sold for cash. The original owner can use the policy as a financial asset and sell it as transferable property. This is not a new concept, but is recently getting a lot of attention as a viable option for seniors who find themselves not able to cover the expenses of retirement or have had a personal or financial change affecting their need for the current life insurance policy they hold.
Once the life settlement insurance transaction is complete, the original owner is no longer responsible for the premium payments of the policy. The policy is still in force on the insured however and the company or provider who purchased the policy receives the death benefit once the insured is deceased.
Click the LIVEpdq link above for a free life settlement evaluation and to see if a life settlement insurance transaction is right for you!
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by The Policy Settlement Alliance on Mon, Aug 02, 2010 @ 11:35 AM
By Rick S Cantville
Life settlement insurance policies are life insurance contracts that are considered for sale to a 3rd party investor. Consumers in these economic times are looking for alternative ways to supplement their retirement funds, and life settlements are one viable option.
Many industry insiders are expecting the life settlement industry to bounce back in 2011. The industry suffered severe blows in 2008. In addition to the financial markets drying up, the industry was also affected by the change in life expectancy mortality rates which increased many life expectancies by as much as 30%. This caused many life settlement insurance polices to fall out of pricing and no longer be considered for sale.
If the life settlement industry does regain its feet, this will allow cash-strapped seniors the ability to sell life settlement insurance policies in a market that has the funds available to purchase them. This also allow seniors to add these funds received from a life settlment and use them for their retirement planning purposes.
Using life settlement policies for this purpose has assisted many seniors with their retirement planning. In conjunction with other financial products, selling a life insurance policy can provide retirement dollars that cannot be out lived.
To see how much your policy is worth, visit our onlife valuation tool LIVEpdq!
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by The Policy Settlement Alliance on Sat, Jul 31, 2010 @ 07:45 PM
By Edward E Leisher
The life settlement insurance market is growing by leaps and bounds and for most people it is confusing and a difficult topic to understand. So I’ve dedicated this blog to the basics of the life settlement insurance market.
A life settlement is when a life insurance policy is sold by the owner to a third party. The policy is sold for more than the cash surrender amount but for less than the face amount. It’s a great alternative to surrendering a policy, or even worse, letting the policy lapse. The policy owner needs to be older than 70, and the issue date of policy they are looking to sell must be less than two years old.
Picking a broker is an important step – the broker should be licensed in the state of the sale.
You’ll also want to make sure that they have a trusted reputation in the life settlement insurance industry – to find trusted industry leaders please visit LIVEpdq!
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by The Policy Settlement Alliance on Fri, Jul 30, 2010 @ 04:03 PM
By Scott J. Dressel
What is life settlement insurance? Generally this refers to a life insurance policy on an individual life which has been sold to a disinterested third party after the contractual contestability period has expired. Who buys these policies? Typically institutional investors will buy numerous policies to be held in a pool of life settlement insurance assets. Maturity for an individual policy takes place when the death of the insured happens. Who sells their life policy? Typically insured’s who no longer have a need for the coverage or the premium expense has become prohibitive. People who no longer need their life coverage consist of insured’s whom no longer have a financial obligation to a third party be it a spouse, children or another financial commitment. Another individual may be looking to sell their life insurance due to lack of funds to pay ongoing premium commitments. Life settlement insurance is an asset class which has value to both the seller and the buyer. If you have a life policy you no longer wish to own visit our LIVEpdq link for a free policy review.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.