A life insurance payout happens when the beneficiary of a life insurance policy files a claim to receive the payout value of the insurance policy. No one who purchases a life insurance policy knows exactly how the policy will ultimately play out, but the most anticipated outcome is a payout to the policy’s beneficiary. Since Read more >>
Covid 19 has impacted every industry. For the Life Settlements, this unprecedented time has led to great change. ELSA has teamed up with Magna Life Settlements and other members of the Life Settlement industry; to offer guidance and information on the growth of Life Settlements during Covid-19. Impact on the Life Settlement Marketplace The three Read more >>
Staying ahead of the most relevant and timely guidance for your clients is an ongoing challenge. At times, you are stuck between learning about new innovations or making sure you get in front of the right clients at the right time with the right information. To add more value to your relationship with your client, Read more >>
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 >>
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 >>
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 >>
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 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 >>
If you own a permanent life insurance policy, then you will have some amount of cash value inside your policy that you can access whenever you want for any reason. But do you know how much cash value you currently have in your policy? How can you find that out? The answer to this question Read more >>
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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