Life Settlement Programs (LSP)
Life Settlements have become very popular among retirees. Here one literally sells a cash-value life insurance policy in return for an income stream to help their financial and/or retirement life-style/needs today. These programs are usually desired over reverse mortgages due to their ability to leverage one’s death benefit and not give up a home or real property that may be needed or desired by the family or next generation. In Life Settlements are taxable, however, through the NISS Foundation we can help by restructuring the payments through our Charitable Installment Sale program to defer taxation on the portion that you do not need today and pay taxes only on what you use and when you use it. Regardless, a Life Settlement may be a great opportunity for you to leverage an asset that you did not realize you had to make life better and less stressful today and into your golden years.
The typical donor:
- Needs income for retirement.
- Has a greater need to fund retirement than their estate or legacy.
- Is ok with a private individual group or person owning your life insurance policy.
- Sees the value in selling a life insurance policy that no longer makes sense for their current situation.
Gifts features and benefits:
- Funds can be structured to be paid in installments through NISS.
- Flexibility in completing various giving plans.
- NISS can arrange proposals from major Life Settlement companies throughout America.
|
