Tax-free viatical settlements - a lifesaver for the seriously ill.: An article from: The Tax Adviser

This digital document is an article from The Tax Adviser, published by American Institute of CPA's on August 1, 1997. The length of the article is 2480 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: A viatical settlement provider (VSP) purchases or is assigned a life insurance policy owned by a dying holder, typically receiving 50-85% of the face value of the policy. Viatical settlement payments are excluded from income under federal law, as well as in several states. The federal exclusion, added by the Health Insurance Portability and Accountability Act of 1996, allows eligible terminally ill policyholders to regain a measure of financial independence. However, practitioners and clients should evaluate VSPs carefully before choosing one.

Citation Details
Title: Tax-free viatical settlements - a lifesaver for the seriously ill.
Author: Robert A. Moe
Publication:The Tax Adviser (Magazine/Journal)
Date: August 1, 1997
Publisher: American Institute of CPA's
Volume: 28 Issue: n8 Page: 510(4)

Distributed by Thomson Gale