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Senior Life Settlements- A New Financial Dawn Emerges now, rather than continuing to pay on a policy they will never receive the benefits of * Individuals, or owners of a company, who own key man policies that are no longer needed, or elect to use the sale of the policy(s) to enhance a buy-out or create severance packages * Seniors who wish to live out the remaining years of life without a change in lifestyle * Individuals who need capital to pay for medical treatments or procedures * Any senior who realizes that there is now a greater tangible asset value to their life insurance policy, and wishes to take advantage of this added value A cautionary note seems appropriate here. Senior Life Settlements is definitely not territory to approach without the advice and assistance, counsel and due diligence of a well-versed, experienced player in this secondary market. A financial advisor with exposure and experience could advise you and assist you in become aware of any tax liabilities you may face should you sell your policy. Most times a life settlement is taxed on the income above and beyond the basis (what you've paid into your policy to date) of your policy. Each senior life settlement case is different and if seems prudent to have a consultation with a tax advisor or your financial planner prior to proceeding down the path of Senior Life Settlements. Peachtree Life Settlements Life Settlement Experts Jon Thomas has been involved in finance and insurance, specializing in emerging growth markets since 1979. He « Previous Page « » Discuss it (all 4) » Continue Reading »
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