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Life Settlements
Viatical life insurance settlements are a powerful tool when used with established financial and estate planning strategies. You can request an appraisal from an expert staff of attorneys and CPAs to get more information. Viatical settlements can be a valuable tool for many ill people.
Life Settlements (also known as Senior Settlement, Lifetime Settlement) for seniors 65 or older, give you immediate cash by cashing out of unwanted, unaffordable or obsolete life insurance policies. Viatical Settlements, enable someone facing a terminal illness to utilize the present day value of their life insurance policy to ease the financial burdens that can be caused by the high costs of medical care. Viaticals have become an important financial option to many terminally-ill individuals. Sell your unwanted life insurance and get cash. All types of life insurance including can be sold for cash including term, universal or whole life insurance and all can have market values that might just surprise you.
Life insurance settlements enable you, the life insurance policy owner, to sell an existing policy for an immediate lump sum cash settlement. The amount paid for your life insurance policy is based on a variety of factors including your life expectancy and the cost of premiums to keep your life insurance policy for that timeframe. When an insured person retires or resigns, the company often cancels its corporate-owned policy and takes the cash-surrender value, if any is remaining. Life settlements provide a viable and attractive option: the company can sell the policy, be rid of any future premium obligation and receive a lump sum in cash well above the cash-surrender value. In a nutshell, a life insurance policyholder sells the benefits of the policy to an investor. Life insurance settlements come in two flavors, Life Settlements and Viatical Settlements.