According to industry reports, Life Settlement proceeds are tax-free up to cost basis (premiums paid since policy inception). They are taxed as ordinary income from basis to cash surrender value and proceeds above cash surrender value are taxed as capital gains.

Once Life Settlement change of ownership has been recorded with insurance company and policyholder has received their money, Life Settlement funding source will continue to pay premiums throughout life of insured. All types of life insurance qualify including group, term, whole-life, universal, survivorship and key-man policies.

Grant Shellhammer is an affliate Life Settlement Broker with Life Settlement Pro. He works with senior citizens and financial professionals nationwide to provide life settlements.

Contact details:

grant@lifesettlementpro.com

1.888.973.8377

Large loans amount for unsecured personal loans are not treated very sympathetically. For large amounts a secured personal loan is more appropriate. Under no circumstance borrow money that is more than what you need, because every loan needs to be repaid. Always make concrete repayment plans while taking a loan. Every unsecured personal loan comes with a hidden caption ‘PAY BACK’.

The upside with unsecured personal loans is that loans are approved faster. It is due to fact that there is no collateral to be reviewed for unsecured personal loans. Unsecured personal loans can be applied for any reason like a holiday, or new car, home improvements, wedding, debt consolidation etc. financial institutions are not concerned about use of unsecured personal loans as long as you can prove to be a good candidate in terms of payback.

Unsecured personal loan a small catalogue of what to look out for – Unsecured personal loans rate, loan term, reputation of lender, pre payment penalties, your credit rating. An unsecured personal loan should not be settled exclusively on basis of interest rate.

What else can you do? Research! Get written quotes from money lenders and settle on loan lender which provides you with lowest interest rate. Improve your credit rating. A good credit rating will enable a speedy approval of your unsecured personal loan application.

Unsecured personal loans have been known to provide speedy financial assistance to when you don’t have any collateral to place for loan claim. Unsecured personal loans are like rain when you are going through a financially parched time. Your savings are hitting a bottom low, your car is not working, your kitchen tap is dripping, you have to take a much needed break, or may be you are buying some thing through a check and need financial help to cover up for your bank account. So, do you remember loan type? It is unsecured personal loans.