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.

Blog & News Feed

Life Settlements News Feed and Blog

Can a Survivorship Life Insurance Policy Be Sold?

What Is a Life Insurance Policy Buyback and Should You Accept It?

Can You Sell a Life Insurance Policy to Pay Off Debt?

Can You Sell a Life Insurance Policy in a Trust?

How Life Expectancy Estimates Affect Your Life Settlement Payout

How Long Does It Take to Get Life Settlement Funds?

COPD May Qualify You for a Life Settlement

Get a Second Opinion on Your Life Settlement

How to Estimate Taxes on a Life Settlement Payout

How a Life Settlement Can Help Families Facing Alzheimer’s Disease

Cashing Out the Hidden Value in Life Insurance

How People with Cancer Sell Life Insurance for Cash

Using a Life Settlement to Cover Dementia Care Costs

How Do You Sell a Life Insurance Policy?

How to Sell a Life Insurance Policy with Rising Premiums

Life Settlements for Heart Attack Survivors

Life Settlement for Term Insurance

Selling Life Insurance After a Colon Cancer Diagnosis

Selling Life Insurance After Gastric Cancer Diagnosis

Selling Life Insurance After a Brain Tumor Diagnosis

Conditions That May Qualify for a Life Settlement

Selling Life Insurance After a Pancreatic Cancer Diagnosis

Selling a Life Insurance Policy After a Stroke

Life Settlements for Advanced Diabetes

Selling Life Insurance After Mesothelioma Diagnosis

Selling a Life Insurance Policy After a Cancer Recurrence

How Liver Disease May Qualify You for a Life Settlement

Understanding Life Settlements for Neurodegenerative Diseases

How Do I Get My Life Insurance Policy Appraised

Do You Have to Be Sick to Sell Your Life Insurance Policy?

How to Access Enhanced Cash Value from Universal Life

Best Way to Sell a Life Insurance Policy for Cash

Life Settlements for Terminal Illness

How to Get a Life Settlement When You’re Chronically Ill

What Happens After You Sell Your Life Insurance Policy?

Life Settlements vs Surrender Value

Mistakes to Avoid When Selling Your Life Insurance Policy

How to Tell If Your Life Insurance Policy Is Eligible for Sale

Surprising Facts About Life Settlements You Didn’t Know

What Happens If You Let Your Life Insurance Policy Lapse?

How Much Money Can I Get for My Life Insurance Policy?

Long Term Care Insurance vs Life Settlements

How Life Settlements Impact Medicaid Eligibility

Importance of Medical Information in Life Settlements

Can You Sell a Policy Without Cash Value?

Are Life Settlement Proceeds Taxed?

Impact of Health Changes on Life Insurance Policy Value

Turn Life Insurance into Cash

How to Cancel a Life Insurance Policy

Reverse Life Insurance Policy Sale

Sell My Life Insurance for Cash

Using Life Settlements to Pay for Long-Term Care

Life Settlement Eligibility Do You Qualify?

Sell Life Insurance for Cash Reviews

Impact of Inflation on Life Settlements

What is a Life Settlement and How Does it Work?

The Role of Life Settlement Brokers

Sources of Retirement Income

Paying for Cancer Treatments with a Life Settlement

How to Pay for Memory Care

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

Financial Advisors and Life Settlements

The Cost of Long Term Care

What Is Reverse Life Insurance?

New Florida Life Insurance Law Affects Life Settlement Regulation

Understanding Life Settlement Brokers and Life Settlement Providers

Irrevocable Life Insurance Trust and Life Settlements

Paying For Long Term Care With A Life Settlement

FDIC Says Reverse Mortgage Can Be Risky

Cruise ship care: real or urban legend?

Long Term Insurance Showing High Rate Of Lapse

All ages procrastinating long-term savings

Borrowing Against Life Insurance – Can You?

What To Do When Your Term Life Insurance Expires