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Have You Heard About Grigsby V. Russell?

We often cite the US Supreme Court case of Grigsby v. Russell as one of the central tenets of the life settlement industry.  It is invoked whenever anyone questions the seemingly peculiar idea of selling a life insurance policy.  It is the fundamental reason we are able to help people realize the benefit of an Read more >>

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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 >>

modified endowment contract

MEC – What is a Modified Endowment Contract

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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Life Settlements And Estate Planners

Estate planning attorneys often help navigate the technicalities of the tax code.  On the back end of this planning, lawyers may be well served to make clients aware of the benefits of a life settlement transaction. Often universal life insurance is sold to solve an estate tax issue.  If a client has a significant estate Read more >>

How to Pick a Life Settlement Provider

Picking A Life Settlement Provider

In this era of Uber, crowdsourcing and customized television streaming, many seniors are also opting to eliminate the middleman for certain big financial decisions. A relationship with a trusted advisor can be incredibly valuable, but consumers who are considering a life settlement might save money and time by arranging the sale of their insurance policy Read more >>

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Guide to Beneficiaries

A beneficiary is someone listed on a life insurance policy to get the proceeds if the insured individual were to pass away. The proceeds from life insurance typically come as a lump sum payment known as a death benefit. The beneficiary you choose on your life insurance is very, very important. Even if you put Read more >>

life insurance

How Does Life Insurance Work?

Life insurance forms the backbone of most middle-class financial plans. Because without this form of protection, the financial futures of many families would lie in ruins if something were to happen to the breadwinner.  What is life insurance? Life insurance is one of the oldest forms of insurance protection in the world. In a nutshell, Read more >>

Magna Life Settlements - Life Settlements

Long Term Care Insurance [LITC] Options and Overview

If you live in the United States today, odds are you will need long term care at some point. The cost of total long term care is rising each year. Long term care insurance (LTCI) is a type of insurance designed to help you pay for long term care needs. Nursing homes, living facility, medical Read more >>

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Cashing In Your Life Insurance Policy

If your bills are piling up on you and you need to get your hands on some cash immediately, then cashing in your life insurance policy may be an option. This would generally only work with some form of cash value policy, such as a whole life or universal life policy or even a variable Read more >>

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