Viatical Definition

May 4, 2017 | By Adam Lippman

The best way to think about a Viatical Settlement is the sale of an existing life insurance policy. This trade is also sometimes referred to as a Life Settlement. Generally, the distinction has to do with the health status of the insured and how that potentially may impact the tax treatment of the income from the sale.

Either way, you exchange your life insurance policy for either a cash settlement or paid-up retained death benefit.  Or a combination of both.  You have no further premium payment obligations.

To learn more about how this innovative financial service can help you and your family, call us at 888-255-0444.


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