Viatical settlements are agreements between a life insurance policyholder (viator) and an entity (usually a viatical settlement company) to pay the viator some percentage of their policy upfront and then have the company receive the viator’s insurance payout once they die. The rules surrounding these policies are not always obvious. Speak with an advisor to …
Viatical settlements involve the buying and selling of life insurance policies. Investors buy the life insurance policy of a terminally ill person for a percentage of the policy’s value, in hopes of receiving the full settlement when the person dies. (Learn More — What Are Viatical Settlements?) For a terminally ill person, selling their life …
A viatical settlement is an arrangement in which a person with a chronic or terminal illness sells their life insurance policy to collect the benefits before they pass away. (Learn More – What Is a Viatical Settlement?) The buyer of the viatical settlement typically pays more than the cash surrender and less than the final …
If you face certain life situations and have life insurance, you may consider obtaining a viatical settlement. (Learn More: What Is a Viatical Settlement?) You may pursue a viatical settlement because it is your only choice, or it feels like a sound investment for you. (Learn More: Why Do Some People Pursue Viaticals?) Consider all …
If you have a life insurance policy, you may decide to sell it to a third party to obtain the payouts before your death. (Learn More: How Does My Life Insurance Policy Influence a Viatical Settlement?) When you sell your policy for a one-time cash payment, it is called a viatical settlement. There are practices, …
There is a great deal to consider when thinking about investing in a viatical settlement. (Learn More — Viatical Settlements) They aren’t always worth it, as they tend to pay significantly less than your life insurance policy would. It often comes down to is whether you truly need money immediately (usually for medical costs) and …
Cost-Benefit Analysis: When Viaticals Make Sense Read More »
Viaticals, or viatical settlements, are transactions in which a person or group purchases someone’s life insurance policy. The seller gets the settlement quickly, while the buyer receives the insurance policy death benefit when the original policyholder dies. Viatical settlements are usually purchased from someone with a terminal illness. (Learn More – What Are Viaticals?) Viatical …
