Viatical Settlements and Life Settlements

A Viatical Settlement is an agreement where a terminally ill patient is immediately paid a percentage of the policy’s face value (generally between 30-80%) by an investor or investor group in exchange for making that group the irrevocable beneficiary of their life insurance policy. In essence, the policy owner sells their life insurance policy to someone else for immediate cash. In addition to this cash payment, the investors assume responsibility for all of the premium payments through the maturity of the policy. The proceeds of a Viatical Settlement can be used for any purpose, including travel, gifts, medical bills, living expenses, home nursing care, and any other financial needs. These funds can reduce financial pressure, improve quality of life, and increase dignity.

To find out if you are a candidate for a Viatical Settlement, Click Here!

While a Life Settlement may be the same as a Viatical Settlement, this term more often refers to a similar option for healthy senior citizens with life expectancies as high as 10-12 years. For more information about Special Options for Senior Citizens, Click Here!