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Funds For Living Program

Cash In Your Life Insurance Policy Without Selling It

If you’re considering cashing in your life insurance policy, it’s important to know your options. You can sell your life insurance policy through a life settlement or viatical sale; however there are downsides to that. There’s also the option of taking out a loan for a percentage of the value of the life insurance policy, which offers a lot of benefits.

Selling Your Life Insurance Policy Risks
  • Viatical companies will buy your insurance policy and the industry is regulated on a state-by-state basis. It is difficult to determine exactly what rules apply to an individual situation.
  • The process can take several weeks, and involves a tremendous loss of privacy as questions must be answered about intensely personal medical issues.
  • Watch out for tax implications of selling your insurance policy. Viatical settlements may also be subject to federal taxes as income depending upon the individual circumstances.
  • Always check with a tax professional for advice.
  • Viatical settlements are arranged only for people with life expectancies of fewer than two years.
  • Finally, once a life insurance policy is sold to an investor, they become its beneficiary and receive the remaining value of the policy after the insured’s death. Loved ones who had initially been named as beneficiaries no longer have any claim to the cash value.
Alternative Option for Cashing In Your Life Insurance Policy

There are other options for cashing in your life insurance policy. You don’t have to sell your policy in a life settlement or viatical settlement. A lot of terminally ill people opt to take out a life insurance loan or borrow money against their life insurance policy, which offers a lot more flexibility.

What Are The Benefits of Borrowing Money From Your Life Insurance Policy?

Though both a viatical settlement and borrowing against your life insurance policy can provide you with the money that you need for medical expenses, living expenses, or even to use for other reasons such as vacations or gifts to loved ones, there are important differences that you need to understand.

Why The Funds For Living Program Can Be An Ideal Solution

With Fifth Season’s Funds For Living Program, we can help you not only face your challenges, but truly live your best life through them.


Financial Stress

Immediate money to maximize your quality of life now.


Improve Your Quality of Life

Focus on important things like family and getting the care you deserve without financial worry.



You choose how to spend your money. Pay bills, take a vacation, or give a gift to someone you love. It's your choice!


Your Policy Stays Intact

Your life insurance policy stays in effect, and in more than 90% of cases funds remain to pass on to your loved ones.

Why Choose To Cash In Your Life Insurance Policy With A Loan?
  • Gain control over your finances
  • Improve quality of life by reducing financial stress
  • Focus on your medical care
  • Give gifts to loved ones
  • Use the money however you want

Helping Clients Achieve Their Goals

Using Fifth Season's innovative Funds For Living Program, our clients were able to access funds
that immediately helped improve their lives. For more client stories click here.


Lisa from Colorado invested in her new business while minimizing her financial stress.


Cassie from Texas was able to pay her back rent and stay in her apartment.


The Smiths from Mississippi took a vacation to the Carolinas with their family.

How People are Using the Cash From Their Life Insurance Loan
  • Paid for medical treatment and medications
  • Repaid personal loans and debt
  • Caught up on mortgage payments
  • Covered the costs of daily living
  • Created financial security for their families
  • Provided a buffer so they can take the time to heal and spend time with family and friends rather than rush back to work
  • Done something special for themselves and their family
  • Traveled
  • Completed their education
  • Bought a house for their child–so he/she has a stable place to live once you’re gone.