Your Insurance and Estate Planning Questions, Answered

Estate planning ensures your assets, decisions, and loved ones are protected. Without a plan, your state decides who inherits, how assets are distributed, and how long probate takes. A proper plan avoids delays, reduces disputes, and preserves your family’s legacy.

A: There are three options:

1. Do nothing. Your state decides who gets what. Probate can drag on, legal fees consume 5–10% of the estate, and disagreements can lead to costly lawsuits.

2. Last Will & Testament. You choose beneficiaries, but the will still goes through probate. Accounts can be frozen, and challenges from heirs are common. Fees typically range from 3–7%.

3. Trust. Assets transfer directly to heirs, quietly and quickly, with lower costs (2–5%). A well-drafted trust minimizes disputes and protects privacy, though poorly executed trusts can still face challenges.

Bottom line: Doing nothing is risky, a will reduces risk but doesn’t eliminate it, and a properly funded trust provides the most control and protection.

For basic planning, our software guides you through everything—wills, powers of attorney, and healthcare directives—without an attorney. For complex assets or specialized trusts, consulting an attorney is recommended to avoid pitfalls.

Depending on your situation, a plan may include:

• Revocable Living Trust (if needed)

• Last Will & Testament

• Powers of Attorney

• Healthcare Directives / Living Wills

• Guardianship Designations for minor children

Our platform provides professional-quality, state-specific estate planning documents at a fraction of the cost of hiring an attorney. You pay only for the software and guidance—no unnecessary legal fees, no surprises.

Absolutely. Life changes—new children, marriage, relocation, or major life events. Your estate plan should evolve too, and our system makes updates fast, easy, and affordable.

• Complete a short, guided interview about your assets, heirs, and wishes.

• Our software generates tailored, state-specific documents.

• Review, finalize, and execute your documents—your plan is ready to protect what matters most.

You have two easy options:

1. Order a Plan Online: Choose the package that fits your needs and complete your estate plan step by step. Everything is state-specific, clear, and ready to protect your legacy.

2. Contact Us for Questions: Not sure which plan is right or want guidance before starting? Our team is available to answer questions and help you select the best solution for your family and assets.

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Key coverage typically includes: life insurance to protect loved ones, health and accident coverage, long-term care if needed, and business or liability protection if you own a business. Coverage should align with your assets and long-term goals.

It depends on your family situation, financial obligations, and risk tolerance. Our team evaluates your needs and recommends coverage that complements your estate plan for maximum protection.

Yes. Bundling can simplify management, reduce premiums, and ensure coverage gaps are minimized. We help coordinate estate planning and insurance so everything works together.

Many policies, including life and accident insurance, can be issued within days once eligibility and basic information are confirmed. Complex underwriting may take longer, but our process is streamlined for speed.

Premiums are based on the type of policy, coverage amount, age, health, and other risk factors. Coverage limits determine the maximum payout in the event of a claim. We help you balance cost with protection.

Insurance can fund trusts, pay estate taxes, or provide immediate liquidity to your heirs. Proper integration ensures your estate plan functions smoothly and your legacy is fully protected.

A life settlement is the sale of an existing life insurance policy to a third party for cash. The buyer becomes the new owner and beneficiary and takes over all future premium payments. The seller receives a lump-sum payout that is typically more than the policy’s surrender value but less than the death benefit.

Most sellers are age 65+ with a policy face value of $100,000 or more. However, younger policyholders with significant health issues may also qualify. Business owners in transitions, retirees, and people whose policies are no longer needed often fit the profile.

Convertible term, universal life, whole life, variable life, and adjustable life policies are commonly eligible.

Payouts vary based on age, health, policy type, premium costs, and life expectancy. In many cases, settlements are 4–7× higher than the insurer’s cash surrender value.

Yes. Life settlements are legal in all 50 states and regulated at the state level. Transactions must follow strict disclosure, licensing, and consumer-protection rules.

No. Once the settlement closes, the buyer takes over all future premium payments. You receive your payout and have no further financial responsibility.

Most cases take 4–12 weeks from application to funding, depending on how quickly records are collected and offers are reviewed.

Yes, some or all of the payout may be taxable. The tax treatment depends on your basis, surrender value, and policy structure. You should always consult a tax advisor before completing a settlement.

Yes. Once sold, your beneficiaries will no longer receive the death benefit. That’s why settlements make the most sense when the policy is no longer needed for income replacement or estate planning.

Most states require a rescission period after closing (often 15 days), during which you can cancel the transaction and return the funds.

A broker shops your policy to multiple licensed buyers and investors, which creates competition and typically results in a higher payout.

Surrendering returns the policy to the insurer for its set cash value. A life settlement sells the policy on the secondary market, often producing a much higher payout.

A life settlement is typically for policyholders age 65+ who are not terminally ill. A viatical settlement is for someone with a life expectancy of 24 months or less due to a serious illness. Viaticals often receive higher payouts and may be tax-free, while life settlements are usually taxable and based on age, health, and policy economics rather than terminal status.