Life Insurance

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. ...

January 14, 2021

What is Cash Surrender Value of Life Insurance? Life Insurance , Life Settlements , Viatical Settlements

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 you...

December 16, 2020

Life Insurance and Life Settlement Statistics for 2021 Life Insurance , Life Settlements

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 indu...

December 16, 2020

6 Life Insurance Settlement Options You Should Know Life Insurance , Life Settlements

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 num...

November 25, 2020

Why Advisors Shouldn’t Neglect Life Insurance as an Asset Class Life Insurance , Other

As a financial advisor, you tackle the full range of financial situations. You might have one client who's working to make up for a late start on retirement savings and another who's tapped out allowed annual 401(k) contributions and needs another tax-deferred account for long-term savings. Both of ...

November 19, 2020

Can Life Insurance Agents Perform Life Settlements? Life Insurance , Life Settlements

If you are a life insurance agent, you're likely to be an early point of contact for the senior who's considering letting go of his or her life insurance policy. The logical questions you might receive are, "What are my options?" and "How much can I get if I surrender this coverage?" Those questions...

September 22, 2020

New Survey Finds Knowledge Gaps May Be Costing Life Insurance Policyholders Life Insurance , Retirement

More than two-thirds (70%) of Americans carry life insurance. Many of these policyholders are motivated by what life insurance policies do best: securing financial protections for surviving family members. But the life insurance industry has gotten increasingly complex over the last several decades....

August 28, 2020

How Does Mortgage Protection Life Insurance Work? Life Insurance

Purchasing your first home is one of life's major milestones -- right up there with graduating from college or getting your first real job. And as with those other big life moves, the home purchase comes with a host of decisions to make. One of those decisions is whether to sign up for the mortgage ...

August 3, 2020

What is Variable Universal Life Insurance? Life Insurance

Your financial advisor -- or maybe a neighbor who sells insurance -- may have pitched you on a variable universal life insurance policy. You have questions, and rightfully so. Variable universal life, also known as VUL, is a complex product that isn't right for everyone. Here's a closer look at VUL ...