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    Q Life Settlments Blog

September 27, 2019

Life Insurance Account Value, Cash Value, and Cash Surrender Value: What You Need to Know

Most permanent forms of life insurance have a feature built into them which grows the value of the policy over time, known as the Account or Cash Value. These types of policies include Whole Life, Universal Life and its variants- Indexed Universal Life and Variable Universal Life. A policy holder with any of these types of policies may be able to leverage the accumulated value of the policy to take a loan against the value, withdraw some or all of the value, pay the policy’s premium with it, or surrender the policy back to the insurance company for some amount of the account value (in some instances for the full cash value). But what is the difference between account, or cash value, and the cash surrender value?

September 14, 2019

Three Options for Funding Long Term Care when LTC Insurance isn’t an Option

Long Term Care insurance is an invaluable insurance product for an aging individual, but unfortunately by the time a person thinks they may in fact need such a policy it is far too late to take a LTC insurance policy out. At that point, even if the individual can pass the medical underwriting, the premiums will be unaffordable. Here are some ways to cover Long Term Care needs with a LTC insurance policy isn’t an option: