Can You Get a Viatical Settlement if You Have Medicare or Medicaid?
If you rely on government health coverage, you may wonder, can you get a viatical settlement if you have Medicare or Medicaid? Having Medicare or Medicaid does not automatically prevent you from selling a qualifying life insurance policy through a viatical settlement. However, the financial impact can be different depending on which program provides your […]
I Need Money to Pay for Cancer Treatment
“I need money to pay for cancer treatment, but I have no idea where to start.” A cancer diagnosis is stressful even before considering finances. There may be several sources of financial help available though. Depending on your situation, you may be able to get assistance with treatment costs, medications, travel, household bills, and other […]
Can You Sell a Life Insurance Policy with Stage IV Cancer?
A Stage IV cancer diagnosis can create significant financial challenges at the same time that patients and their families are trying to focus on treatment and quality of life. If you own life insurance, you may be wondering, can you sell a life insurance policy with Stage IV cancer? In many cases, the answer is yes. People […]
How Cancer Patients Pay for Treatment When Insurance Isn’t Enough
Health insurance can cover a significant portion of cancer treatment, but it does not always cover everything. How cancer patients pay for treatment when insurance isn’t enough often depends on a combination of financial assistance programs, payment arrangements, personal resources, and, for those who qualify, the value of an existing life insurance policy. Understanding the […]
How Long Does It Take to Receive Money from a Viatical Settlement?
If you are facing mounting medical bills or other financial challenges after a serious illness, you may be wondering, how long does it take to receive money from a viatical settlement? While every situation is different, many viatical settlements are completed in just a few weeks once the required documentation has been received. The exact […]
Can You Sell a Term Life Insurance Policy After a Cancer Diagnosis?
A cancer diagnosis can affect nearly every aspect of your financial life, including your life insurance coverage. If you are wondering, can you sell a term life insurance policy after a cancer diagnosis?, the answer depends on the type of term policy you own and your specific circumstances. While many term life insurance policies have […]
Can You Sell Your Life Insurance Policy While Undergoing Cancer Treatment?
A cancer diagnosis often brings more than medical decisions. It can also create significant financial stress, as many people search for ways to pay for treatment, replace lost income, or reduce financial pressure on their families. Can you sell your life insurance policy while undergoing cancer treatment? The answer may be yes. Depending on your […]
Don’t Let Your Life Insurance Policy Lapse Without Reading This First
If you’re a cancer patient struggling to keep up with life insurance premiums, you are not alone, and you have more options than you may realize. The single most expensive mistake we see in this industry is also one of the most common: people stop paying premiums, let their policy lapse, and walk away with […]
The Medicaid Trap: How a Life Settlement Can Disqualify You from the Benefits You Need
This is one of the most important things a cancer patient considering a life settlement can read — and it’s the topic the industry, frankly, talks about least. If you currently receive Medicaid, Supplemental Security Income (SSI), VA pension benefits, or certain other means-tested programs, a lump sum from selling your life insurance policy can […]
Section 101(g): Why a Cancer Diagnosis Can Make a Life Settlement Income-Tax-Free
Of all the ways cancer changes a person’s financial picture, this one rarely gets discussed: a cancer diagnosis can transform the sale of a life insurance policy from a partially taxable event into one that’s fully exempt from federal income tax. On a six-figure transaction, the difference is often tens of thousands of dollars that […]