Life Insurance Settlements 1180 SW 36th Ave Pompano Beach FL 33069. Policy Owners – Contact LARI about Selling Your Life Insurance Today! Reviews (954) 315-2840 Website. The Coventry Companies have funded over $30 Billion in life insurance … It is also significant to note that no life settlement company has been accused of violating these anti-STOLI laws by insurance regulators, other law enforcement agencies or other parties. An important concept in Chapter 7 bankruptcy is exemptions or exempt … This article will discuss how life settlements are taxed, how the TCJA affects life settlements, and what you can expect to pay in taxes if you complete a life settlement option. At Prosperity Life Settlements, we help life insurance policy owners discover the hidden value that may be locked away in their policies. A viatical settlement contract also includes a contract for a loan or other financial transaction secured primarily by an individual or group life insurance policy, other than a loan by a life insurance company pursuant to the terms of the life insurance contract, or a loan secured by the cash value of a policy. Get in touch with our viatical settlement brokers today. Get directions, reviews and information for Life Insurance Settlements in Pompano Beach, FL. $134,663 = 31 Year Guaranteed annuity plan. Looking to sell your life insurance policy? New Florida Life Settlement Legislation - Good News for Seniors! We've taken care of the guess work and have ranked them 1-10. This way you can focus more time on getting the most out of your policy and less on wasting hours of your time weeding through all the companies claiming to be the best. Older Americans might hear about opportunities to sell their existing life insurance for cash in transactions known as life settlements. Our life settlement professionals will help you determine whether or not you qualify for a life insurance settlement. $146,406 = Life with 20 Years Guaranteed annuity plan Menu & Reservations Make Reservations . As further evidence of the growing acceptance of life settlements, in 2010, NCOIL adopted the Life Insurance Consumer Disclosure Model Act. We will buy unwanted life insurance policies for more than their cash value. Lately, more and more seniors are hearing about opportunities to sell their existing life insurance for cash in transactions known as life settlements. On August 4, 2016, the Florida Office of Insurance Regulation, Florida Department of Financial Services and the Florida Office of the Attorney General announced national life claim settlements with four life insurance companies totaling more than $3.4 million: Hartford Fire & Casualty Group for $2.1 million, Securian for $625,000 Great American for $400,000 and Standard for $277,000. Life settlements FL serves Tampa Bay and all of Florida seniors respectfully. Into Viatical and Life Settlement Investments In 2005, Florida’s Legislature put into place important consumer protections requiring full disclosure of the risks involved in viatical or life settlement transactions. Directly from the life insurance company through improved internal search processes imposed as part of the regulatory settlement agreements; and, Through Florida's Department of Financial Services' Bureau of Unclaimed Property -- the insurance company remits property to the state when they are unsuccessful at locating a beneficiary.