Viaticals & Life Settlements
Why Viaticals & Life Settlements
What are Viatical and Life Settlements?
Viatical and life settlements are investment opportunities that allow individuals to purchase life insurance contracts at a discount. These contracts are typically sold by individuals who are terminally ill or elderly and are looking for a way to access the value of their policy before they pass away.
How do Viatical and Life Settlements work?
When an investor purchases a viatical or life settlement, they are essentially buying the right to receive the policy payout when the insured person passes away. In exchange for this right, the investor pays a discounted price for the policy. The investor is then responsible for paying any future premiums on the policy.
What are the Risks of Investing in Viatical and Life Settlements?
Investing in viatical and life settlements carries significant risks, including the potential for fraud and the possibility of changes in the insured person\'s health or mortality rates. Additionally, these investments can be complex and may involve significant fees and other costs. As with any investment, it\'s important to carefully evaluate the risks and potential returns before making a decision to invest in viatical or life settlements.
Quick Funds
If you want to sell your life insurance policy, you can expect to receive your payment within a few weeks. After you contact a company and go through a verification process, you\'ll be able to review your offer and complete the necessary paperwork. Once you receive your settlement, you\'ll have full access to the funds.
No More Monthly Premiums
You will no longer have to pay monthly premiums. This could make a big difference in your financial situation, especially if you have mounting medical bills
Invest in Other People\'s Life Insurance
A viatical settlement allows you to invest in another person\'s life insurance policy. With a viatical settlement, you purchase the policy at a price that is less than the death benefit of the policy. When the seller passes, you collect the death benefit.
Fluctuating Returns
Your return on a life insurance policy depends on the seller\'s life expectancy and the actual date he or she passes. If the seller passes before the estimated life expectancy, you may receive a higher return. But if the seller lives longer than expected, your return will be lower.
Work Through Life Insurance Companies
Your return on a life insurance policy depends on the seller\'s life expectancy and the actual date he or she passes. If the seller passes before the estimated life expectancy, you may receive a higher return. But if the seller lives longer than expected, your return will be lower.