Life Settlement and Viatical Settlement News

Life Insurance Settlements allow a life insurance policy owner to sell an existing policy to a financial institution in exchange for an immediate lump sum cash settlement. The amount paid for the policy is a discounted percentage of the policy’s net death benefit and represents the present day value of the policy. This purchase price is determined by considering the insured’s estimated mortality (life expectancy) and the associated cost of premiums to keep the policy in force for that timeframe.

Another similar Life Insurance Settlement Definition:

Life Insurance Settlements enable policy owners to sell (Viaticate) a current life insurance policy to a financial institution. In turn, the policy owner receives a discounted amount of the face value in a lump sum. There are no charges for any offers or services we provide to the viator.

Find out the value of your life insurance policy for free. Simply fill out our online policy evaluation form, or call toll free at 1-888-973-8377.

This entry was posted on Wednesday, April 20th, 2005 at 11:21 am and is filed under Life Insurance Settlement. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.