Author Archives: Donald A. Sonn

Are Life Settlements Taxable?     This is a complex question. Life settlement proceeds may be taxable. The IRS ruled that any life insurance settlements completed on or after August 26, 2009 may be subject to Revenue Ruling 2009-13 life settlement taxation … Continue reading: Are Life Settlements Taxable? – The Major Considerations On Your Transaction

 Most states have guidelines regulating life settlements in order to protect transactions by senior citizens.  However, earlier this year, bill SB 445, sent to the legislature in effort to regulate Alabama life settlements failed when the legislative session ended on … Continue reading: Alabama Life Settlement – What You Don’t Know Can Hurt You!

Like most other states Alaska has laws to protect seniors considering an Alaska life settlement.  Any provider who purchases a life settlement policy in Alaska must be licensed prior to the start of any transaction.  Also, regulation states that the … Continue reading: Alaska Life Settlement – The Inside Scoop On The State Of Insurance Law

 Arizona Life Settlement have much in common with the this insurance transaction in other states. People sometimes act before they think.  Over the past few years many seniors have heard their friends or acquaintances talk about life settlements where they … Continue reading: Arizona Life Settlement – Information Is Power And Here Is The Power For You

 The mushrooming business of life settlements is alive and well with Canadian Life Settlements. Life Settlements are the practice of reselling life insurance policies by seniors who no longer have beneficiaries or don’t wish to continue to pay the premiums. … Continue reading: Canadian Life Settlements – Safe Investments That Pay Much Better Than Fixed Income

 Life settlements are a new insurance planning tool for older individuals in which a third party, preferably institutionally funded, purchases a senior’s existing life insurance policy for more than its cash surrender value (CSV). Life settlements are especially valuable when … Continue reading: Life Settlements For Financial Planning: New Tools For Business And Personal Use

When it comes to viaticals don’t just sign on the dotted line!  Viaticals Under State Regulations   are guidelines that brokers and companies need to follow regarding your viatical so that you, as a consumer can be protected.  The company you … Continue reading: Viaticals Under State Regulations – Consumer Protection Is Now The Law

Viatical Settlements And The Law are based on a legitimate idea: a viatical permits an investor to purchase the life insurance policy from a person with an illness, allowing the sick person to receive payment on the policies while they … Continue reading: Viatical Settlements And The Law – The Facts You Need To Understand

 Valuing Viatical Settlements is a topic you should understand. Are you a senior citizen who is facing a catastrophic or life threatening illness?  If so, you don’t want to have to be concerned with how you are going to cover … Continue reading: Valuing Viatical Settlements – The Secondary Market For Life Insurance Policies

 Viatical Settlement And Financial Security go hand in hand. Facing a life-threatening illness in your senior years?  Are you finding that due to the cost of your medical treatments you are no longer able to live as comfortable as you … Continue reading: Viatical Settlement And Financial Security – Money From Life Insurance Now