Understanding Viatical Settlements A viatical settlement is a type of life settlement reserved for those diagnosed with a chronic or terminal illness. A viatical occurs if someone who bought a policy from a life insurance company, and sells it after falling chronically ill. The cash payout from a Viatical is tax free when used to cover certain health care expenses. Magna is one of the leading viatical settlement companies, and can assist you today. See How Much Your Policy May Be Worth GET FREE ESTIMATE A viatical settlement does not make sense for everyone, but for individuals in certain si ..read more

Sell Life Insurance Policy for Cash Payout It is within your rights to sell your life insurance policy today; online from the comfort of your home with a Life Settlement. If you qualify for a Life Settlement you can see how much your life insurance policy is worth in seconds. See How Much Your Policy May Be Worth GET FREE ESTIMATE   Life Settlement company’s have eligibility requirements to screen a policy holder who wants to sell their life insurance policy. The standard procedures followed by most Life Settlement companies include, Age, Policy Amount, Type of Policy and Health Status ..read more

Life Settlement Tax Guide How are Life Settlements Taxed? Learn more with the Magna Life Settlements, Life Settlement Tax Guide today! Life Settlement proceeds are treated as ordinary income. Whatever the net proceeds from the transaction is valued will be taxed as ordinary income. The amount paid into the premiums will be treated as capital gains. The remaining net proceeds after taxes from surrendering the policy after should be compared to after-tax proceeds received by surrendering the policy to determine if it makes sense to sell the policy. The additional proceeds following a life sett ..read more

What is a Cash Surrender Value? A cash surrender value is the total payout an insurance company will pay to a policy holder or an annuity contract owner for the sale of a life insurance policy. To calculate your Cash surrender value, you must; add total payments made to an insurance policy and subtract of fees charged by the agency. See How Much Your Policy May Be Worth GET FREE ESTIMATE   When a life insurance policy has outlasted its usefulness, the first step is for a policyholder to consider the best next option, and for universal life insurance and whole life insurance policies tha ..read more

What are the Top Blogs for Seniors? Newer media can offer a breadth of perspective and information beyond what one can find through old-school means. Our curated list of the top Senior Living Blogs for 2020 – features the essential information to help make the life of all seniors better. Rather than becoming overwhelmed with the options for Senior Blogs, enjoy these best retirement blogs and blogs for seniors that provide informative, relevant, and entertaining content for seniors. See How Much Your Policy May Be Worth GET FREE ESTIMATE   Finance Blogs for Seniors Money and personal fin ..read more