Smart responses to dumb financial decisions

November 8, 2007

This article, referencing the editors at Consumer Reports’ Money Advisor, lists Life Settlements as a smart solution to paying high premiums on a poorly performing life insurance product.

Posted by admin | Filed Under Articles for Financial Professionals, Articles for Policy Owners 

Proud Member of the National Ethics BureauCelebrating 5 Years of Life Settlement Service

Life Settlement licensing requirements vary by state. In some states, life agents and other financial professionals must be licensed to source policies or receive commissions. Settlement Benefits Association is not licensed in all states. Some or all of the proceeds of a Life Settlement may be taxable under federal or state income tax laws. Advice from a professional tax advisor is recommended. This web site is not currently approved in the states of Oklahoma or Texas. This web site does not apply to variable life settlements. Receipt of proceeds may impact eligibility for government benefits and entitlements. Prior to sale, the insured should consider the continued need for coverage, impact to estate plans, availability of insurance, cost of comparable coverage or tax implications.