A viatical settlement is a specialized financial service that can help you access funds that you can use today, for any purpose. It’s a resources that helps you restore a sense of control and gives you choices to focus on what matters most to you. It’s highly recommended to use a viatical settlement broker instead of trying to sell your life insurance directly.

A Viatical Settlement:
“The sale of an existing policy by a third-party in which the insured is terminally or chronically ill. Terminally ill is typically defined as 24 months or less, and is determined by a third-party life expectancy company. Chronically ill can be as high as 48 months. The definition of who qualifies for a viatical settlement varies by state. The money you receive may be used however you wish and is generally tax-exempt.”

The process of selling your life insurance usually takes a minimum of four to six weeks from receipt of your information through the payment of funds. Using a viatical settlement broker helps ensure you get the maximum value for your policy.

Who Is Eligible?

You may be eligible for a viatical settlement at any age if your life expectancy has been reduced by a serious or chronic illness or if you are over the age of 75 with complicating health factors.

Application

We do not require any application fee, invasive interviews or physical examinations; we only ask that you complete our confidential application.

Payment

Offers are based on a number of factors, including life expectancy, premium obligations, and prevailing interest rates. We consistently exceed the guidelines suggested by the National Association of Insurance Commissioners, providing settlements of up to 75 percent of a policy’s face value.

We know it is important for you to access your viatical settlement as quickly as possible; therefore, all funds are placed in escrow for immediate release upon completion of the process.

When you consider any option that touches your life and the lives of those you love, it’s important to have as much information as possible. We encourage you to speak with Greg or Linda about this important resource, to learn how a viatical settlment may help address your needs. Please take a moment and call us at 1.800.936.5508.

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