Life insurance is purchased with the purpose of providing financial security for your loved ones in the event you are no longer around to provide for them. The primary purpose of a life insurance policy is to furnish a steady stream of income for your family when you pass. This amount of money can also be used to pay off any medical bills from treatments you might have received. There are many times that this stream of money needs to last for a lifetime. Life insurance is an elective that many people are provided an option through their work - similar to health insurance. However, if it is not offered to you there are many organizations you can purchase life insurance through.
LISA
Recent Posts
The Purpose and Benefits of Life Settlement Options
Jan 13, 2021 10:41:00 AM / by LISA posted in life settlement, Life Insurance Settlement, Viatical Settlement
Explaining Life Settlements - What Policyholders Need to Know
Dec 17, 2020 7:30:00 AM / by LISA posted in life settlement, Life Insurance Settlements
Do you have a life insurance policy that you’re about to let lapse? Maybe you’re thinking about surrendering the policy for its cash value. Are you 65 years or older?
What is a Viatical Settlement?
Oct 13, 2020 12:00:00 PM / by LISA posted in Viatical Settlement
Surprisingly, viatical settlements are not as well-known as they should be. Many people, despite possibly benefitting from the choice to arrange for a viatical settlement, don’t know about them or discuss them. Nevertheless, a viatical settlement is a lucrative arrangement for people suffering from a terminal disease. These people are able to sell their life insurance policy at discounted rates and obtain cash, which can help with financial hardships or other needs. Buyers cash in the policy’s full amount after the death of its original owner. While distinct from life settlements, viatical settlements are also a useful asset for people in specific situations.
Life Insurance as an Asset
Sep 16, 2020 1:01:07 PM / by LISA posted in Hidden Asset, Life Insurance
On the surface, life insurance seems like a straightforward type of insurance policy. But could it be a financial asset? That depends on the type of life insurance policy, as well as your perspective. Some types of life insurance, as well as several other insurance types with cash value components, count as assets. This should be kept in mind for many events, such as divorce and other legal proceedings, but also because they may aid you in obtaining financial security when and if it is ever necessary.
What Is A Life Settlement?
Aug 28, 2020 9:44:09 AM / by LISA posted in Alternatives to Lapsing or Surrendering
A life settlement is the sale of an existing life insurance policy to a third party for more than its cash surrender value but less than its net death benefit. In a life settlement transaction, the policy’s owner transfers ownership of the policy to the buyer in exchange for an immediate cash payment and, in some instances, a reduced interest in the death benefit for the policy’s beneficiaries.
Life Insurance Settlement Association Unveils Focus on Legislative Affairs and Announces New Board of Directors at 25th Annual Fall Life Settlement Conference
Oct 21, 2019 12:00:00 AM / by LISA
Nashville, Tenn. — October 15, 2019 — The Life Insurance Settlement Association (LISA), the oldest and largest trade association representing members of the life settlement industry, hosted its 25th Annual Fall Life Settlement & Compliance Conference this week in Nashville and rolled out an aggressive strategy for encouraging legislation that protects a consumer’s right to sell a life insurance policy.
8th Annual Life Settlement Institutional Investor Conference
Feb 2, 2018 1:55:00 PM / by LISA
Life Settlements Identified by NAIC Innovation Group as Private Market Option for Financing Long-Term Care Services
Jul 26, 2017 10:11:00 AM / by LISA
4 strategies to grow your finances in retirement
Jun 14, 2017 12:00:00 AM / by LISA posted in life settlement
(BPT) – Retirement is the time in your life when you can throw off the shackles of your daily responsibilities and truly enjoy the fruits of everything you spent years working toward. It’s an empowering feeling and you’ve earned it. You’ve planned and you’ve saved, but now that you’re here, don’t make the mistake of believing your financial planning is over.