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    Recent Posts:

    Worried senior
    Life Insurance
    Catherine Brock

    What to Do Before and After a Lapsation in 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 lapse.

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    Senior man
    Life Insurance
    Catherine Brock

    How to Get the Most Returns from ILITs with 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 benefit from being added to the taxable estate.

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    Money
    Life Insurance
    Catherine Brock

    What is Cash Surrender Value of Life Insurance?

    The cash surrender value of your life insurance policy is the amount of cash you may withdraw if you surrender your policy to the insurance company. By doing this, you forfeit the right to the death benefit and will no longer have to pay your premiums. This is an alternative to borrowing against your policy, which would keep it in effect and require you to still pay premiums and pay interest on what you borrowed.

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    Person looking at a computer
    Life Settlements
    Catherine Brock

    5 Life Settlement Myths From Your Broker Dealer

    If you are a senior who’s interested in liquidating your life insurance, you should know the real truth about life settlements. That’s the only way you can make an informed decision on whether a life settlement is right for you. A good first step is to review our breakdown of the five most common life settlement myths below. If you’ve ever discussed life settlements with a broker-dealer, you’ve may have heard one of two already.

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    Person explaining something
    Life Settlements
    Catherine Brock

    How Does Fiduciary Duty Apply in Life Settlements?

    Whether you’re a policyholder, an agent, or an advisor, it’s important to understand the concept of fiduciary duty and how it applies to life settlements. We’ve developed this in-depth guide to help. Read on to learn about fiduciary standards, what constitutes a breach of fiduciary duty, and the complexities of fiduciary duty as they relate to life settlements.

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    Scales of justice
    Life Settlements
    Catherine Brock

    Life Settlement Regulations by State

    If you’re interested in selling your life insurance, it’s important to understand the nuances of the laws and regulations in your state. Some states regulate only viatical settlements, for example, while other states govern both life and viatical settlements. What follows is an overview of life settlement laws and regulations by state, including key regulatory concepts such as mandatory disclosure and waiting periods. 

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    Statistics shown through charts and graphs
    Life Insurance
    Catherine Brock

    Life Insurance and Life Settlement Statistics for 2021

    Read on for the most important life settlement and life insurance facts and statistics for 2021 — including how many people have life insurance, the average face value of life insurance policies, how life settlement proceeds compare to cash surrender values, and how quickly the life settlement industry is growing. 

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    Money
    Life Insurance
    Catherine Brock

    6 Life Insurance Settlement Options You Should Know

    Life insurance settlement options are notoriously confusing, particularly when you try to compare them. Evaluating a lump-sum payment relative to an annuity, for example, can feel like an “apples-to-oranges” comparison unless you are a trained statistician. Thankfully, you don’t need a knack for number-crunching to identify which settlement option best suits your situation. All you have to do is review this in-depth guide we created to help folks like you make an informed choice about life insurance settlement. 

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