Blog and News Feed | Reverse Life Insurance

Most calls we have fielded from CPAs and Accountants over the past 15 years have been around cost basis. Accountants -many for the first time- were trying to calculate the cost basis of a life insurance policy. There was a next to impossible computation to interpolate the cost basis, which relied on cost of insurance information from the insurance company and many insurance companies wouldn’t disclose the information and some didn’t even track it. It became much easier to determine life insurance cost basis in 2017 with the passage of the Tax Cuts and Jobs Act.

Today things are very different, most of the calls we get from Accountants are around assisting or facilitating the sale of their client’s life insurance policy. Many of the CPAs and Accountants are navigating a life settlement for the first time, because their client’s insurance agent or advisor is restrained from mentioning a life settlement, even though it is in their shared client’s best interest.

Long term care defines a range of services that refer to people with differing personal care needs. It isn't something that can be defined as a single type of service. As a purely medical service long term care is a form of healthcare that delivers assistance to people with chronic illness or disability. However, for others it can also be a type of care that assists people who cannot perform basic tasks essential to normal living. These are known as Activities of Daily Living (ADLs) such as eating, dressing, bathing, getting out of bed, using the toilet and so forth. Then, for those who seek to continue living independently despite slipping health, long term care can even include assisting with Instrumental ADLs (IADLs) such as cooking, shopping, managing money, taking medications and other activities a fully functional person normally performs. Understanding the cost of long term care is crucially important for both Seniors and those close to retirement.

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Life Settlements News Feed and Blog

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Life Settlement Eligibility Do You Qualify?

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Life Settlements for Senior Living

Life Settlement vs Surrendering Policy

Do You Get Money Back if You Outlive Term Life Insurance?

Advisers Dealing with Underperforming Universal Life

Accountants, CPAs Discovering Hidden Value in Life Insurance

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The Cost of Long Term Care

What Is Reverse Life Insurance?

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Cruise ship care: real or urban legend?

Long Term Insurance Showing High Rate Of Lapse

All ages procrastinating long-term savings

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Tap Into Life Insurance

Paying For Home Care

Viable solutions for assisted living costs

Paying For Home Health Care Costs

Understanding Viatical Settlement Companies

New Regulation Proposed For The Life Settlement Industry

Is Long Term Care Insurance Really The Solution?

Do I Need A Life Settlement Broker When I Sell My Life Insurance?

Anna’s Story of Triumph

What Are Life Settlement Providers?

Preparing for Long Term Care

Getting The Most Cash For Your Life Insurance Policy

Can I Sell My Universal Life Insurance policy?

In Home Care: an AARP report

Why Didn’t My Agent Tell Me I Could Sell My Life Insurance?

Retain a Portion Settlement in action

Receiving a Term Life Settlement

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