Viaticals

What are Viaticals?

Viaticals are simply the sale of a current life insurance policy to a funding provider. The funding provider purchases the policy for a discounted amount of the face value. In return, (You) the seller receives an immediate lump of money. The purchaser becomes the owner and beneficiary of the policy and makes all future premium payments.

Who Can take Part in Viatical?

Viaticals are for individuals who have a terminal illness. They must have a non contestible life insurance policy in order to take part in a viatical settlement. The policy can be owned by the insured, a family member, corporation, trust, or any related entity/person to the insured.

Should I do a Viatical Settlement?

Viaticals provide a way for the chronically ill with life insurance to get money. Common reasons people take part in Viaticals are because they cannot afford their life insurance premiums or need some extra money to cover their expenses. If you fall into either of these categories, a viatical settlement may be right for you. Call 1.800.804.6700 for a free consultation.

If you have any questions or concerns regarding viaticals or would like to get some advice regarding viatical settlements, please feel free to send a request.