shopify analytics ecommerce
tracking

Viatical Settlements Explained

Investment Companies Buy Your Policy

Viatical Settlements. Years ago you bought a life insurance policy, and your intent was to provide cash for your family in the event of your premature death. Now, your children are grown and gone off to make their own lives. Your wife and yourself had a good life but...now you have discovered that you are terminally ill.

There are companies called viatical investment companies which will buy your life insurance policy for a percentage of it's death benefit value thereby allowing you to have money to pay medical expenses etc, easing your financial burden. Such transactions are referred to as viatical settlements.


There is nothing more important than your family's security. What would happen to your family if you died? Would they be provided for? Compare Quality Quotes and Save up to 70%! The process is Fast, Easy and FREE. Click Here


Viatical Settlements - Selling Your Policy

Why Would You Sell Your Life Insurance Policy?

If you are single, widowed, and have nobody dependent on you for support then getting involved in a viatical settlement may be a good idea. If you are married and your wife has no need for your life insurance policy then you may decide to sell your policy.

You may need cash to replace loss of income and have no disability insurance to do the job. You may not be able to pay premiums anymore. You may have medical expenses for which you can find no other way to pay them. You may have debt that is causing you tremendous stress. For these reasons you may want to sell your policy.

Who Buys Life Insurance Policies And How Much Will You Get For Your Policy?

Investors buy life insurance policies usually for about 60% of their face value. When the insured dies these investors are paid the full face value of the policies. In the meantime they have to pay the premiums.

You can sell your life insurance policy directly to a viatical investor, or you can go to a broker who usually tries to get the best deal for you.

Should You Sell Your Life Insurance Policy?

Let us try to look at both sides of the coin; this may be difficult for a person in that particular situation, but try O.K.

By selling your policy you get sufficient cash to ease or even eliminate financial burdens, however, you may lose your eligibility for public assistance. Bear in mind that if you live long enough, in your physical state, public assistance can be substantial.

Although you get your hands on additional money to compensate for income loss you are sacrificing your life insurance and thus depriving those you intended this benefit for.

Because viatical settlements are a fairly new idea the tax implications are not yet set in stone. One court recently decided that cash received from such settlements are taxable.


Shop and compare Insurance Rates from 100's of the Top Carriers. Get the Best Quotes possible. Save up to 70%. Click Here


Life Insurance Quotes Viatical Settlements Selling A Life Insurance Policy Accelerated Death Benefit Cashing A Life Insurance Policy 20 Year Term Life Insurance 30 Year Term Life Insurance Whole Life Insurance Online Variable Life Insurance Quote Life Insurance Policy For Sale Viatical Settlements Investments Disability Insurance Long Term Care Insurance Mortgage Insurance Mutual Funds Financial Planning Whole Life Insurance Retirement Planning Estate Planning Universal Life Whole Life Insurance Quotes Cheap Life Insurance Life Insurance Companies Life Insurance Policies Low Cost Life Insurance Online Life Insurance Life Insurance Rates

Tools And Resources

Life Insurance Need Calculator

Tools And Resources

Life Insurance Need Calculator

Life Insurance Quotes

Recent Articles

  1. Term Life Insurance - Everything You Want To Know

    Term life insurance is life insurance in it's simplest form. These policies stay in force for a specific number of years, for example, 5 years 10 years etc.

    Read More

  2. Whole Life Insurance Options - Basic And Alternative Whole Life Plans Explained

    Whole life insurance is the plan of choice for many people. There are many variations to this plan.

    Read More

  3. Universal Life - Extending The Possibilities

    Universal life insurance was designed with the express intention of combatting the venerable whole life insurance policy.

    Read More

  4. Term Insurance Quotes - Prepare Before You Get Quotes

    Are you looking for quality term insurance quotes? Have you determined how much you need? Do you know what type of term insurance is best for you?

    Read More

  5. Term Insurance Online - Buy Term Life Insurance Online

    In many cases it is a good idea to buy term insurance online. Some people know just how much life insurance they want to buy before they get online.

    Read More