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 […]