Viatical Settlements can be an option for terminally ill people exploring funding options for medical bills, traveling, everyday expenses, or anything else. A Viatical Settlement lets you sell your life insurance policy for a lump sum payout from a third party. The amount offered by the third party is more than the cash surrender value. In exchange, the buyer takes on all further premium payments and becomes the sole owner and beneficiary of your policy, collecting the death benefit when you pass away.
At Settlement Benefits Association, we work to help people selling their insurance policy in a Life Settlement or Viatical Settlement move through the process seamlessly. If you are wondering whether a Viatical Settlement is the right choice for your situation, contact us to discuss your situation, or try our Visual Valuator to make an informed decision.
When it comes to selling life insurance policies for Life Settlements and Viatical Settlements, the process is quite similar. Where they differ is their eligibility requirements. While Viatical Settlements are for those with a terminal illness, this is not necessary with Life Settlements. To qualify for a Life Settlement, one must:
The criteria for a Viatical Settlement include:
If your doctor or medical team can confirm these in your records, Settlement Benefits Association can start contacting our network of reliable funding groups.
Settlement Benefits Association offers years of experience to serve as your advocate and negotiate on your behalf. Our process begins with our Visual Valuator, where one of our professionals will give you an idea of what your policy is worth and how quickly we can get you through the settlement process.
Settlement Benefits Association is here to support you through the Viatical Settlement process. Contact our team today to get started.
Viatical Settlements are possible with many different insurance types, including universal, whole, and term life policies. Our Visual Valuator can help you discover if your policy qualifies and estimate how much you could receive.