Tax on Life Settlements

Senior couple discussing a life settlement with a financial professional.

Is My Life Settlement Taxable?

Your life insurance policy may not be as useful as it once was. Perhaps your beneficiaries have grown up and can support themselves. A Life Settlement is an option to fund your future and secure your finances.

As with any major financial transaction, understanding the tax benefits and implications of a settlement is crucial to avoiding penalties down the line. Settlement Benefits Association has worked with policy owners and buyers around the country to secure suitable Life Settlements. We can help your tax professional understand how a Life Settlement will affect your taxes.

Settlement Benefits Association Can Help Estimate Your Taxes

The tax rules for Life Settlements can be complex. To avoid owing penalties and interest to the IRS, it is important to go into the process knowing your potential liability.  

Settlement Benefits Association can help you understand how the transactions will impact your bottom line. We offer a Visual Valuator to give you an idea of what you will get from your settlement. We also strive to help our clients through every step of the settlement process, including estimating tax liability.

Connect with our team today for your policy evaluation.

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