The Emotional Impact of Life Settlements for Seniors
April 24, 2025
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Discover how life settlements help seniors turn old policies into cash and why letting go of life insurance can be the smart move.
ENJOY WHAT MATTERS MOST IN LIFE
Category: Life Settlements
Life Settlements vs. Other Senior Care Financing Options
April 23, 2025
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Compare life settlements with other senior care financing options like reverse mortgages, annuities, and long-term care insurance.
Should I Sell My Life Insurance Policy?
March 22, 2024
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As you get older and your situation changes, you may decide that your life insurance policy is no longer necessary. Maybe it’s because your loved
What is a Life Insurance Buyout and How Does It Work?
March 5, 2024
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If you have a life insurance policy you no longer want or need, a life insurance buyout may be a viable option to get money
Financial Advisors: Should You Use a 1035 Exchange to Optimize Life Insurance?
October 12, 2021
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Life insurance is a long-term asset. Over the decades a life insurance policy is in force, your client’s financial situation is likely to evolve. Sometimes, that evolution is so significant that the existing life coverage is no longer a good fit.
U.S. Life Settlement Index: The Best and Worst States for Life Settlements
March 16, 2021
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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 from state to state. In our latest study, the Harbor Life Settlements U.S. Life Settlement Index, we set out to quantify those differences and identify the states that are most and least accommodating to high-value life settlements.
How to Get the Most Returns from ILITs with Life Settlements
February 9, 2021
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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.
Fiduciaries: Don’t Ignore the Secondary Market for Life Insurance
February 9, 2021
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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.
What is Cash Surrender Value of Life Insurance?
January 14, 2021
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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.
5 Life Settlement Myths From Your Broker Dealer
January 4, 2021
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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.