Guide to Viaticals

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 …

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Are Viaticals a Bad Investment?

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 …

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