More Life Settlement Consumer tips

It is important that you understand all aspects of a life settlement, so I have some more consumer tips for you.

- Find out the tax implications. Not all proceeds received from the sale of your life insurance policy are tax free.

- The buyer of your policy can periodically ask you about your health status. The buyer is required to give you a privacy notice outlining who will get this personal information. Be sure to read it.

- Find out if you will lose any public assistance benefits such as food stamps or Medicaid if you get a cash life settlement.

If you have any specific questions about these tips, pleas call us at 1-888-973-8733 or contact us.