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Answered 2011-07-14 19:20:57

A life settlement is a financial transaction in which the owner of a life insurance policy sells an unneeded policy to a third party for more than its cash value and less than its face value. Until recently, if a policyowner opted out of a policy by surrendering the policy or allowing it to lapse, the additional value was relinquished back to the issuing life insurance company.

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Are life insurance benefits subject to confiscation by medicare?

Can Medicaid sieze the benefits of a life insurance policy

What can a life settlement broker do for me on my life insurance policy?

Life settlement broker can help you straighten out all the facts of the life insurance policy. They can also help you list your beneficiaries.

Do you know anyone that has had to wait on a life insurance settlement?

Their is usually some waiting period for a life insurance settlement, but it usually does not take a long time. If too much time goes by without receiving your settlement, I would contact the life insurance company.

What are the tax consequences of a life insurance settlement?

You may have to pay capital gains taxes on a life insurance settlement in addition to any income taxes you might owe. Consult with a CPA or tax attorney to learn more about what tax consequences that a life insurance settlement may have.

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Where can one find information on life insurance benefits?

One can mind information on life insurance benefits from their local insurance agents. State Farm is just one of many insurance agencies that offers life insurance to it's customers.

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Is life insurance required for divorce?

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What are the benefits of universal life insurance and what are the possible drawbacks of this type of policy?

What are the benefits of universal life insurance, and what are the possible drawbacks of this type of policy

Does a beneficiary on a life insurance prevail over a will request?

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How do you find out about cashing in life insurance bond for cash?

answers to my related benefits on my term life insurance

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What are the benefits of doing business with the Hartford Life Insurance Company?

The Hartford Life Insurance Company has numerous benefits including different plans with various prices that can help anyone to obtain life insurance at a reasonable price.

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