Life Settlement Taxation

What is the tax basis of a Life settlement and how does this affect life settlement taxation? Changes from the TCJA Act 2017 You should always have your life insurance policy appraised, and yes it is often possible to qualify to sell your life insurance for cash to pay for healthcare or any other needs you may have. …See More

Terminal Cancer Diagnosis, What Now?

Being diagnosed with terminal cancer is enough to make anyone cry. Once you have had time to come to terms with the reality of the situation, you will face the prospects of expensive treatment and care. If you own a life insurance policy, you may be able to sell it for a lump sum of cash in the secondary market for insurance, and use the money to relieve the financial burden of cancer.

Case Study: Medicaid Spend Down Path, Convert Life Insurance and Remain at Residence

A father was already a resident at Eldorado Heights in Klamath Falls, OR and already on a Medicaid spend down path. The family inquired about a Viatical Assisted Living Conversion as they were attempting to convert an existing life insurance policy and still extend his ability to remain in residence. He owned a $100,000 life …See More

Case Study: Viatical Assisted Living Conversion Affecting Quality of Life

Brookdale Senior Living introducing the Viatical Assisted Living Conversion concept to Brook­dale’s communities across the United States in February. After only the first month, is pleased to share this successful case study. This most recent Viatical Assisted Living Conversion truly affected the quality of life for the underlying family. A Viatical Assisted Living Conversion …See More