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Life Settlement
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Welcome Funds has compiled every term, phrase & definition related to life settlements. Have more questions? Call us toll-free at 1-877-227-4484 or complete our Quick Online Qualifier to determine your eligibility.

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DEFINITION OF COST BASIS


Total dollar amount of premiums paid into the policy less the annual cost of insurance. This figure is then subtracted from the proceeds of a life settlement transaction in order to calculate the taxable portion of the income received by the policy seller.

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