Viatical Settlements

"People with limited life expectancies often face significant financial difficulties brought on by the rising medical costs and loss of income.  Viatical Settlements enable them to sell their life insurance policy and use the proceeds to preserve their financial security."

Trusts & Estates

Individuals have been selling or trading their ownership of life insurance policies since the very beginning of the insurance industry.  This, however, was a relatively unknown practice until the AIDS epidemic heightened in the late 1980's.  As insured's stricken with the disease learned that there was a living value to life insurance, the Viatical Settlement Industry was born.>>

QUALIFICATION REQUIREMENTS 

The qualifications for a viatical settlement transaction are based on 2 factors: the life insurance policy specifics and insured's health status.  The life insurance policy guidelines are straightforward and are provided below.  The health qualifications are a bit more complicated and are therefore explained in detail. >>

TAX INFORMATION

• The following is provided for informational purposes only.

• Please be advised that some companies do not provide tax advice.

• The taxation of a viatical settlement may vary on a state by state basis.

• Advice from a professional tax advisor is recommended. >>

CASE STUDIES

Some companies have negotiated millions of dollars in settlement proceeds for terminally-ill clients.  These clients have used the funds to alleviate financial stress, improve medical care, pay off debts, purchase dream homes, and go on a once in a lifetime dream vacation with their family.  In each case, the settlement proceeds were used to enjoy the remainder of their life with their family - free of financial burdens.>>

FAQ >>  >>  >> >>

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