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Here are the answers you're looking for.

There are so many terms I don’t understand.  Is there someplace I can go to understand basic terminology?

 

Absolutely.  We appreciate and applaud your desire to fully understand your situation and options. To help, see our glossary of frequently used terms within the life insurance and life settlement industries.  If there are other questions you have, please call us and we will discuss them with you.

 

Please keep in mind that we are not providing tax, financial or legal advice. For that, you should consult your own advisors.

 

What are the tax implications of a Life Settlement?

 

Generally speaking, viatical settlement proceeds are income tax free.  However, there are significant differences between states for the definition of “terminally ill”, so consult your tax advisor before proceeding with the transaction.  We have also made available for your review:

 

Are there any other implications of a Life Settlement?

 

Life settlement proceeds may be deemed as taxable income and may affect certain government programs that are based upon income thresholds.  Please consult your tax advisor for any impact a life settlement may have on your eligibility for various benefits. Also, you will be selling your life insurance policy.  Any benefits you sell to us – access to cash values and payment of death benefits to your beneficiaries, for example – afforded through the policy will no longer be available.

 

Are there any costs to me for considering to sell the policy?

 

The evaluation of your options is completely FREE.

 

Will you work with my advisors?

 

Absolutely.  We will work directly with you or with whomever you authorize us to – whether it’s your trusted financial advisor, personal attorney, insurance agent, or even a family member if you choose.

 

How is my policy valued?

 

There are many factors that determine the offer amounts, including your life expectancy, the amount of remaining benefits and the type of policy and premiums required.

 
Any medical exams required?

 

No, there are never any medical exams to take.

 

Licensing requirements.

 

Life Settlement licensing requirements vary by state. In some states, life agents and other financial professionals must be licensed to source policies or receive commissions. Janssen Life Partners is not a licensed entity to transact settlements and as such works with licensed providers.  

 

To see if we are able to work with you or for additional please contact us at 855.842.1917.

BEFORE ENTERING INTO A LIFE SETTLEMENT, YOU SHOULD CONSULT YOUR TAX, LEGAL AND FINANCIAL ADVISORS.

 

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