How do Life Settlements (Viatical Settlements) work?
If you are the owner of a life insurance policy and you have a need for immediate cash, you can contact a provider, a provider representative or a broker who will ask you to fill out an application as well as medical release forms which will be provided to your insurance company and your physician to obtain information about you. This information will then be used to make an offer for a cash settlement on your policy. If it is approved and you accept th4e offer made you will be asked to sign a life settlement contract.
