Life settlements — the sale of a life insurance policy to a third party — can be a financially beneficial option for policyholders who no longer need or want their coverage. However, when tax time rolls around, the implications of these transactions can be complex and vary significantly based on the circumstances of the sale.
Establishing a better understanding of these tax liabilities can help financial professionals better advise consumers and help them prepare for and optimize their returns.
The Agent & Advisor Editorial Team is a highly skilled and dedicated group of professional writers and editors within the life, health insurance and financial services industry. Committed to delivering accurate, informative and engaging content, this team possesses a deep understanding of the intricacies and complexities of the industry.
Learn more about the Editorial Team.
Learn more about the Editorial Team.
Latest posts by A&A Editorial Team (see all)
- Unpacking Upcoming Secure 2.0 Act Provisions Through 2026 - September 10, 2024
- Redefine Your Role: 5 Common Misconceptions About Sales Professionals - September 10, 2024
- Can Credit Freezing Protect Your Client’s Retirement? - September 10, 2024
