Blog | Harbor Life Settlements

March 30, 2021

Can You Have More Than One Life Insurance Policy? Life Insurance

Yes, you can have more than one life insurance policy. There are no legal restrictions on the number of life insurance policies you can hold, though there could be financial limitations. That's not to say it's a bad idea to have multiple life insurance policies -- two or more layers of coverage may ...

March 25, 2021

How to Cancel a Life Insurance Policy the Smart Way Life Insurance

What happens when you cancel life insurance? Unfortunately, that's not a simple question to answer. Your coverage might end immediately, or it might not. Plus, you may or may not receive a refund of the premiums you've paid. These details hinge on the type of policy you have and how long you've had ...

March 25, 2021

How to Find Out if an Old Life Insurance Policy is Worth Anything Life Insurance

Life insurance is a financial parachute of sorts. But it can take years to prep that parachute to deliver a soft landing, for beneficiaries or for the policyholder later in life. On permanent and term life policies, the policyholder could pay premiums for decades before the family or insured sees an...

March 16, 2021

U.S. Life Settlement Index: The Best and Worst States for Life Settlements Life Settlements

Whether you're the buyer or the seller, a life settlement can reshape your finances in short order. Unfortunately, not all investors and policyholders have access to the same level of life settlement opportunity. That's because the secondary markets for life insurance vary in size and activity level...

March 11, 2021

6 Things Life Insurance Agents Should Discuss During Renewal Life Insurance

You can step into that advisory role with a structured and proactive conversation with your clients when they are renewing their life insurance policy. Here are six questions to ask during life insurance renewal to move your clients into the type and level of life insurance that will help them reach...

March 11, 2021

Everything You Need to Know About Reverse Life Insurance Life Insurance

Find out what reverse life insurance really is, what the benefits are, how it differs from a life settlement, and the various reverse insurance options you have....

March 4, 2021

Viatical Loans Overview: Definition, Pros/Cons, Alternatives Viatical Settlements

A viatical loan is a strategy to pull cash from your life insurance policy after you've been diagnosed with a terminal illness. It's similar to a viatical settlement in three respects. One, viatical loans and viatical settlements are structured around an in-force life insurance policy. Two, you qual...

March 3, 2021

What to Do Before and After a Lapsation in Life Insurance Life Insurance

This guide to life insurance lapsations covers what you need to know about grace periods, reinstatement options, and how to maximize your policy's value even as you're facing lapsation. Read on to learn what steps you can take to protect your life insurance investment, before and after a policy laps...

February 9, 2021

How to Get the Most Returns from ILITs with Life Settlements Life Insurance , Life Settlements

An irrevocable life trust or ILIT is an entity created to hold a life insurance policy. Its primary purpose is to minimize estate taxes by transferring ownership of the life insurance policy away from the insured. Putting the policy in an irrevocable trust generally precludes the value of the death ...

February 9, 2021

Fiduciaries: Don’t Ignore the Secondary Market for Life Insurance Life Insurance , Life Settlements

Read on for an explanation of the secondary market for life insurance, how it differs from the primary market, and the benefits eligible policyholders can expect to receive from the sale of their life insurance. ...