What are Viatical Settlements?
Viatical settlements involve the sale of a life insurance policy of a terminally ill policyholder to another party. The life expectancy of these individuals is usually less than two years at the time of sale. The owner of the policy receives a cash settlement for less than the face value of the policy. The policy is transferred to the policy buyer who pays the premiums on the policy and receives the death benefit amount of the policy when the insured dies.
Home Viatical Settlements. Years ago you bought a life insurance policy, and your intent was to provide cash for your family in the event of your premature death. Now, your children are grown and gone off to make their own lives. Your wife and yourself had a good life but…now you have discovered that you are terminally ill. There are companies called viatical investment companies which will buy your life insurance policy for a percentage of it’s death benefit value thereby allowing you to have money to pay medical expenses etc, easing your financial burden. Such transactions are referred to as viatical settlements. There is nothing more important than your family’s security. What would happen to your family if you died? Would they be provided for? Compare Quality Quotes and Save up to 70%! The process is Fast, Easy and FREE. Click Here Why Would You Sell Your Life Insurance Policy? If you are single, widowed, and have nobody dependent on you for support then getting involved in a via
The Viatical Settlement industry took its name from a Latin word, viaticum, which means provisions for a journey. For terminally ill people Viatical Settlements mean Cash for the Final Days. Viatical Settlements are cash lump sums given to terminally ill people (viators) in exchange for the death benefits of their life insurance. For Investors, Viatical Settlements mean potential for great profit while doing good for someone in need. The Ideal Investor Viatical investments are not appropriate for everyone The Ideal Investor 1. Investor has no need for liquidity 2. Investors has a well diversified portfolio 3. Investor is aware that this should be considered a long-term investment 4. Investor is aware of and comfortable with the risks A viatical settlement is a lump sump of cash given to terminally ill people (viators) in exchange for the death benefits of their life insurance. Along with so much of the English language, the name has its origins in a Latin word, viaticum, which means pr
