Selling your life insurance policy through a Life Settlement gives you access to funds that can alleviate financial pressure. Life Settlement value depends on three primary facets — the premiums you have already paid, your policy’s value, and your life expectancy. A longer life expectancy is less appealing to buyers as they will wait longer to capitalize on their investment. While this does not mean you cannot sell your life insurance policy with a longer life expectancy, it may just mean your offers are lower. Understanding how life expectancy and other influencing factors impact the value ..read more

A life insurance policy offers your loved ones a financial safety net at the end of your life. Missing a premium payment and lapsing your life insurance policy may terminate your coverage completely. A lapsed policy creates a ripple effect as it takes away the financial support you have built by investing every month. Reinstating your policy can be costly, with higher premiums and a reduced death benefit. Sometimes, you forfeit any cash value accumulated up to this point. If you anticipate missing a policy payment, several options can allow you to access a portion of your investment early or ..read more

Your life insurance policy is so much more than a financial tool to support loved ones after your passing. It also offers security during challenging times ahead and a means to gain capital when you need it most. While it is a good idea to consider multiple offers and look into alternative options, it is also imperative that you fully understand the process of how to sell your life insurance with a terminal illness. If you want to sell your life insurance policy, consult with financial and legal professionals who can offer guidance and support. However, it is still important that you underst ..read more

The financial responsibilities accompanying chemotherapy treatments can be overwhelming, with substantial expenses arising whether you have a health care plan or not. Despite these challenges, you can pay for chemotherapy in a few different ways. From government assistance to clever budgeting and looking into your insurance options, these strategies can help you understand the budgetary requirements of your treatment plan while allowing you to focus on your health. What Does Chemotherapy Entail? Chemotherapy is administered intravenously, orally or through a combination of both. This treatme ..read more

You can sell a term life insurance policy for cash through a Life Settlement. Most term policies that undergo this process are convertible term policies. However, you may have sale options without converting your policy or purchasing a rider for later conversion. Whether you need a lump sum as soon as possible or want to make the most of your term life insurance, you should understand the options available and the processes involved so you can make a wise financial decision with clarity and confidence. Understanding Term Life Insurance Term life insurance or temporary insurance meets a provi ..read more

Yes, you can sell a whole life insurance policy through a transaction called a Life Settlement. However, there is more to the process than a simple sale. You need to understand the nuances of your life insurance policy and ensure it meets specific sales criteria. You should also know what your alternatives to selling are and the steps that lie ahead if you do choose to sell. Why Sell Your Whole Life Insurance Policy? The need to sell a whole life insurance policy is often driven by financial circumstances or life changes that impact the need for a policy. Common reasons for wanting to sell in ..read more

For many insured individuals, Life Settlements offer new options for in-force policies as their insurance and financial needs change. Those who qualify can work with a reputable broker like Settlement Benefits to generate competition among buyers to maximize the value of their policies. These values fluctuate in response to market changes, including interest rate changes. The Connection Between Interest Rates and Life Settlement Investors Exploring the effect that interest rates have on Life Settlements starts with understanding how rate increases affect credit. A few things h ..read more

Life insurance is one of the best ways to leave a death benefit behind to support your loved ones. However, circumstances can change, and if you or your loved ones no longer need your policy, or you want access to the cash, you could consider a Life Settlement. Many life insurance policies lapse or are surrendered every year, most of which could qualify for a Life Settlement where the policy owner could access the money. While there are significant benefits, getting a Life Settlement offer requires careful management to ensure a fair and accurate amount. Understanding the process ..read more

Just under 2 million people in the U.S. will receive a cancer diagnosis in 2023, which is stressful and overwhelming enough for the diagnosed. In addition, the financial impact of cancer on families is significant. It can result in a phenomenon known as financial toxicity.  As cancer treatment costs continue to escalate, alleviating the physical and psychological stress associated with the financial burden is essential. If you are a cancer patient, you may feel the effects of financial toxicity, which can significantly impact your recovery and quality of life. The first step ..read more

Life Settlements can provide large payouts, making them ideal options for life insurance policy owners wanting to turn their policies into liquid assets. With such a big transaction comes the potential for associated taxes. When considering whether a Life Settlement is right for you, remember to think about the possibility of paying taxes on your settlement payout and discuss the possible tax implications with your tax professional. Knowing how Life Settlements are taxed is an essential aspect of understanding Life Settlements as a whole.  Learn how Life Settlements are taxe ..read more