What questions should I ask the person trying to sell me a viatical/life settlement?
Here are some questions that a prospective purchaser of a viatical settlement should ask: Have these securities been registered with the Division of Finance and Corporate Securities of the State of Oregon for sale in Oregon? Do not believe any seller who tells you that viaticals are not subject to the securities law. Is the salesperson a licensed broker/dealer? If not, is the salesperson exempt from licensing? Who are these sellers and how long have they been in business? Where is the business located? Who are the principals in the business? Have there ever been any complaints filed against the company or the principals with either state or federal securities regulators or lawsuits filed by other investors? Is a prospectus about the investment available from the company before you invest? If not, why? Ask the seller to explain why this investment is appropriate for you. This analysis is especially important if you are a small investor or someone on a fixed income. If your insurance age
