Viatical Settlement & Senior Viatical  Life Settlement - Selling your life insurance policy

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Viatical Settlement and Senior Life Settlement Tax

  Federal Tax         State Resources

"Certain payments received under a life insurance contract on the life of a terminally or chronically ill individual before the individual's death (an accelerated death benefit) can be excluded from income See Exception, later. For a chronically ill individual, the payments must be for costs incurred for qualified long-term care services or made on a periodic basis without regard to the costs.

In addition, if any portion of a death benefit under a life insurance contract on the life of a terminally or chronically ill individual is sold or assigned to a viatical settlement provider, the amount received is also excluded from income. Generally, a viatical settlement provider is one who regularly engages in the business of buying or taking assignment of life insurance contracts on the lives of insured individuals who are terminally or chronically ill.

To claim an exclusion for accelerated death benefits made on a per diem or other periodic basis, you must file Form 8853, Medical Savings Accounts and Long-Term Care Insurance Contracts, with your return."

    Federal Tax!!

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Safe Harbor Funds, LLC
"The Viatical Settlement Company"
228 Park Avenue South #30470
New York, NY 10003
Call: (800) 832-7512
Fax: (877) 838-5859
www.safeharborfunds.com

We do not provide Viatical or Life Settlement services in
New York at this time, we expect to provide them in the future.


Florida Viatical Brokers License

*Call Safe Harbor Funds, LLC with questions

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         Viatical settlements not available in Wisconsin and some other states