What are life settlements?

Answer The term "life settlement" refers to the sale of a life insurance policy by a senior---age 65 or older---while the person is still alive. Sometimes called a "senior settlement," it can be a useful ... Read More »

Top Q&A For: What are life settlements

How to Invest in Texas Life Settlements?

Texas heavily regulates life settlements. A life settlement is an investment in a life insurance policy. This type of investment requires that the original policyholder assign his policy to a life ... Read More »

States That Regulate Viatical or Life Settlements?

In 1993, the National Association of Insurance Commissioners adopted the Model Viatical Settlement Act to protect a special class of terminally ill people. It was expanded in 2001 to include all p... Read More »

Actuality tables used in figuring out life and disability insurance settlements?

Do you pay tax on court settlements?

You must pay taxes on some portions of a legal settlement, according to the IRS tax code. For example, you must pay tax on settlement proceeds that are punitive in nature, but do not have to pay ta... Read More »