What is a viatical settlement? It is an arrangement where someone with a terminal illness sells or transfers ownership of a life insurance policy to a person or company and in return, received a percentage of the face value of the policy - allows terminally ill person to receive cash for various needs now.
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Terminology | Legal issues | Financial issues |
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In this site, you will find all kinds of information related
to
viatical settlements: legal issues, financial considerations,
terminology associated with the industry, links to viatical
settlement
providers and brokers, governmental regulation, and alternatives
if you decide a viatical settlement is not right for
you.
By no means is this an exhaustive collection of resources
related to viatical settlements, but it is a good place
to start when researching this critical decision in your
life. If you
can't find what you're looking for, please contact us
and
we will do our best to get you in touch with someone
who can help you.