Found this article and decided to post it because this was one reason a few years ago that gave viatical settlements a bad name. With more strict regulation from the government and insurance companies, viaticals are no a great tool for terminally ill policy owners.
LEXINGTON, Ky. — A federal judge has dismissed a lawsuit […]
Viatical Settlement Definitions
viatical settlement
1. [n] sale of an insurance policy by a terminally ill policy holder.
Synonyms
viatical_settlement viaticus_settlement
Related terms
Type of liquidation
viatical settlement
1. [n] cash derived from sale of an insurance policy by a terminally ill policy holder.
Related terms
Type of advance death […]
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If you are a policy owner, insurance agent or broker, financial planner, or a financial professional we can now offer a life insurance policy evaluation to you or your clients.
Find out quickly and easily the fair market value of your policy. A life insurance settlement […]
People who are diagnosed with serious illnesses often face terrible financial difficulties. Medical bills mount up, even for those with health insurance; for those without, medical expenses can be catastrophic. The financial picture is worsened when ill health forces a person to work less or not at all.
While these problems are as old as money […]
Found this interesting definition about life settlements, it is not that accurate.
Life settlements, also called viatical settlements, are arrangements that allow a person to buy the life insurance policy of someone who is terminally ill. Life settlements are not sold for the full value of the life insurance policies in question, but for a percentage […]
Another type of transaction, often called a �life settlement,� is the sale of a life insurance policy to a third party, where the insured individual does NOT have a known life-threatening or terminal illness or condition. In these cases the policy owner also receives cash for the policy.
There has been a growing market for the […]
Viatical Settlements - Benefit Plus Program
The viatical settlement benefits plus program was designed specifically for policy owners with serious illnesses. WIth the loss of income and the cost medical care, every dollar counts. That is why our program makes sure our client gets the highest offer available in the market. This is all possible because […]
Viatical Settlement Brokers and what they do.
Viatical settlement brokers are the most important factor for you to obtain a good quote for your policy. Many of the viatical settlement brokers on the Internet have little or no experience in the field or are only representing one or two funding companies. This will limit […]
Viatical Settlements
If you have a terminal illness — or if you are caring for someone who is terminally ill — chances are you’re giving a great deal of thought to time and money. You may be thinking about life insurance, too. It’s in that context that you may hear the phrases “accelerated benefits” and “viatical […]
Viatical Companies either purchase secondary market (life insurance policies over two years old) through viatical brokers, or companies (Brokers) that specialize in negotiating these policies for the highest offer on behalf of the policy owner. Life Settlement Pro is an affliate Viatical and Senior Life Settlement Broker.
Viatical brokers are paid a commission for their […]
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