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Viatical Settlements [Guide and Overview]

A viatical settlement is a type of life settlement reserved for those diagnosed with a chronic or terminal illness. A viatical occurs if someone who bought a policy from a life insurance company, and sells it after falling chronically ill. The cash payout from a Viatical is tax free when used to cover certain health Read more >>

COVID-19: Impact on the Life Settlement Market

Covid 19 has impacted every industry. For the Life Settlements, this unprecedented time has led to great change. ELSA has teamed up with Magna Life Settlements and other members of the Life Settlement industry; to offer guidance and information on the growth of Life Settlements during Covid-19. Impact on the Life Settlement Marketplace The three Read more >>

Start the Conversation About Life Settlements With Your Client

Staying ahead of the most relevant and timely guidance for your clients is an ongoing challenge. At times, you are stuck between learning about new innovations or making sure you get in front of the right clients at the right time with the right information. To add more value to your relationship with your client, Read more >>

Universal Life Premiums: Rising Insurance Policy Premiums

Older Americans today have many excellent reasons to pursue the sale of a life insurance policy in a life settlement, but one of the most prevalent reasons is the continuous cost of paying premiums. And for those maintaining a universal life policy, a recent Wall Street Journal article links these higher premiums to a historic Read more >>

Life Settlements Technology: Tech Fueling Life Settlement Inidustry

When systems are operating at their peak efficiency in conjunction with talented, dedicated people, the big winners are the consumers. The life settlement industry is demonstrating this principle perfectly as it moves into a season of new technological innovation to streamline the settlement process. Two cutting-edge developments in particular, robotic process automation (RPA) and artificial Read more >>

What Are The Different Types Of Life Insurance?

If you will have debts to pay off or loved ones to care for if something happens to you, then you probably need to carry some form of life insurance. Life insurance is a legal contract between the policy owner, the insured (who is also often the policy owner), the insurance carrier and the beneficiary. Read more >>

Hidden Cash in Your Term Life Insurance Policy

For seniors facing mounting healthcare bills and other unexpected retirement expenses, the idea of hidden cash is attractive indeed. But short of a winning lottery ticket or a mythical money tree in the backyard, where would those hidden funds come from? The surprising answer: from an life insurance policy. Despite increasing marketing efforts from life Read more >>

MEC – What is a Modified Endowment Contract – Magna Life Settlements

A modified endowment contract (MEC) is the federal government’s classification for a life insurance contract whose premiums have surpassed legislated limits. MECs can have useful tax implications for estate planning, but they can also present a pitfall for life insurance policyholders who find themselves inadvertently holding one. Thus, it is imperative for anyone paying life Read more >>

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