When considering selling your life insurance policy, it’s important to understand how preexisting conditions affect life settlement offers. These conditions can significantly influence the value of your policy and the offers you receive from potential buyers. Interestingly, the role of health in the life settlement market is the opposite of its role when applying for …See More
How Terminal Illness Impacts Life Insurance Options
Facing a terminal illness is an incredibly challenging time, and understanding how terminal illness impacts life insurance options can provide valuable financial relief and peace of mind. If you or a loved one has a life insurance policy, it’s important to know that certain options, like viatical settlements or an accelerated death benefit, may be …See More
Can You Sell a Life Insurance Policy to Pay for Hospice Care?
If you or a loved one are considering hospice care, you are likely wondering how to pay for this valuable, but often expensive care. Can you sell a life insurance policy to pay for hospice care? The answer is yes you may be able to sell a policy for cash and this option can provide …See More
Options for Unwanted Life Insurance Policies
Life insurance policies often serve as essential safety nets, providing financial security for loved ones. However, there are situations where policyholders may no longer need their coverage or find it financially burdensome to maintain. In such cases, exploring options for unwanted life insurance policies can help individuals make informed decisions and potentially recoup some of …See More
Viatical Settlements: Cashing Out Life Insurance
When facing financial challenges due to a terminal or chronic illness, many individuals find comfort in exploring viatical settlements: cashing out life insurance to secure much-needed funds. This process enables policyholders to sell their life insurance policies for a lump sum payment, offering a financial lifeline during a critical time. But how does it work, …See More
How Much Money Can I Pull from My Life Insurance Policy?
When facing unexpected financial challenges or planning for the future, you may wonder, “How much money can I pull from my life insurance policy?” The answer depends on several factors, including the type of policy you own, its cash value, and whether you’re eligible to sell it through a life or viatical settlement. Here, we’ll …See More
The Evolution of Viatical Settlements
The evolution of viatical settlements has been a remarkable journey, beginning with a landmark legal case over a century ago and transforming into a vital financial option for policyholders today. This journey highlights how life insurance policies, originally created for beneficiaries, became valuable assets that can be sold to address immediate financial needs. Roots: Grigsby …See More
Parent Needs Assisted Living but Can’t Afford It
When a parent needs assisted living but can’t afford it, the financial and emotional strain on families can feel overwhelming. Assisted living costs can quickly add up, averaging thousands of dollars per month. Fortunately, there are ways to alleviate this burden, including exploring a life settlement or viatical settlement as a potential source of funds. …See More
How Do Life Settlement Investors Determine Life Expectancy?
When considering the purchase of a life insurance policy through life settlements or viatical settlements, one critical factor that shapes investment decisions is life expectancy. How do life settlement investors determine life expectancy? In these transactions, life expectancy is estimated by third-party life expectancy report providers who employ physicians that evaluate existing medical records. This …See More
Do Interest Rate Changes Affect Life Settlements?
One question we often hear is: do interest rate changes affect life settlements? The reality is that interest rate fluctuations have minimal direct impact on life settlement values. Unlike other financial products, life settlements are largely influenced by factors directly tied to the policy itself and the insured’s health, rather than external economic variables like …See More