The usefulness of a life insurance policy can change as your life circumstances shift. Some older adults find they no longer need a policy they bought in a different, earlier stage of life. Their beneficiaries are financially independent and no

As life happens and your financial circumstances change, so does the usefulness of your life insurance policy. A life insurance settlement can unlock your policy’s value and let you put it to use today.  But who qualifies for a life

Life insurance is a tool meant to provide financial security for your family after you pass away. A settlement can provide that security during your life if the premiums have become a burden, or if leaving behind a death benefit

When considering a life settlement, you have the opportunity to sell your unwanted or unneeded life insurance policy for a lump sum cash payment worth more than your policy’s surrender value. If you’re thinking about cashing out your life insurance

The face value of life insurance policies continues to trend upward. In the decade between 2013 and 2023, the average purchase value increased by over $40,000. But what happens if you no longer need some or all of your policy? Maybe you’d

Life moves quickly. Changes in health, retirement income needs, or shifting estate plans can make money tight. At the same time, you might not have the same life insurance needs you had years ago. As a result, you may be

Selling a life insurance policy through a life settlement can unlock significant financial value, but the transaction may also have tax implications. Many policyholders are unaware that the proceeds from a life settlement may be partially taxable, depending on factors

You’ve paid into your life insurance policy for years. But now, you might be asking — is it still serving its purpose? Maybe the premiums are eating into your savings. Maybe the original reason you bought the policy no longer

Lapsed life insurance policies are commonplace. According to data from AM Best, 7% of all active life insurance policies lapsed in 2024 — up from 5.1% in 2023. In some cases, financial challenges such as higher premiums combined with fixed

Many policy owners assume that selling a life insurance policy automatically triggers a large tax bill. In reality, life settlement taxation is layered. Some of the proceeds may be taxable, while other portions are often excluded altogether. But in the