Life Settlement Blog

Are life settlement proceeds taxable? In many cases, at least a portion of the proceeds from selling a life insurance policy may be subject to federal income tax. The amount that may be taxable depends on factors including how much you paid into the policy, the policy’s cash surrender value,

A life settlement for seniors can provide a way to turn a life insurance policy that is no longer needed or has become too expensive into cash. Rather than surrendering the policy to the insurance company or allowing it to lapse, qualifying policy owners can sell their existing coverage for a lump