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

Copyright © 2004 - 2019 LifeInsuranceHub.Net. All Rights Reserved.

Protect Your Family With Up To $1,000,000 No Exam Term Life Insurance

Tools And Resources

Life Insurance Need Calculator

Tools And Resources

Life Insurance Need Calculator

Life Insurance Quotes

Recent Articles

  1. Affordable Life Insurance - Term And Permanent Life Insurance

    The amount of spendable income an individual has helps determine what is affordable life insurance.

    Read More

  2. Personal Life Insurance - Present And Future Needs

    You have been hounded by life insurance agents from your senior years in college. You just didn't see the need to buy personal life insurance.

    Read More

  3. Term Life Insurance With No Medical - Non Medical Term Insurance

    Some people don't understand how you can buy term life insurance with no medical required. They are under this illusion that in order to issue such policies the premiums have to be higher than the nor

    Read More

  4. Term Life Insurance No Exam - Term Insurance No Medical Exam

    Term life insurance no exam necessary. These days, it appears that, everyone wants to buy term life insurance.

    Read More

  5. Best Term Life Insurance - Best Term Insurance Coverage

    Finding the best term life insurance policy can be a very tedious exercise. What really is the best? It is important to make a decision as to why this life insurance is needed in the first place. We t…

    Read More