Category: Viatical Settlements

A Viatical Settlement is a financial arrangement offering a lifeline to life insurance policyholders facing serious medical conditions. It provides hope and support to individuals during challenging times, offering them financial security and peace of mind. This arrangement allows policyholders to sell their life insurance policy to a third party, typically a viatical settlement provider,…

You don’t have to wait until death to access life insurance benefits A viatical settlement turns your life insurance policy into immediate, usable money. If you’re facing a terminal or chronic illness, and paying out-of-pocket for treatments, medications, or support, that “death benefit” is doing nothing for you, or your family, right now. By choosing…

The emotional and financial toll of life-threatening illnesses or the weight of a cancer diagnosis can be profound. However, a lifeline exists in the form of viatical settlements. Here, we will review viatical settlement eligibility criteria, showing how this financial option can provide much-needed relief and reassurance during the most challenging times. At its core,…

In many states, you may legally receive a large, lump‑sum cash payment from your life insurance policy through a viatical settlement, depending on your health status and policy terms. Viatical settlement laws set the conditions under which you can sell your life insurance policy in exchange for immediate funds. If you are living with a…

Policyholders can access a lump sum cash payment during treatment through a viatical settlement, using the policy’s face value to cover medical expenses. Medical treatment comes with exact figures, not just emotional weight. For cancer patients, the average monthly cost of medical bills, medication, and ongoing care expenses can reach $10,000 or more depending on…

When looking into life or viatical settlements, it’s important to know the terms used in the process. This glossary provides easy-to-understand definitions for key terms related to viatical settlements. Understanding these terms will help you make a well-informed decision about whether a viatical settlement is the right choice for you. Life & Viatical Settlement Glossary…

Viatical settlement companies help you get money for in-home hospice care by buying your life insurance policy. This gives you an option to pay for professional care at home, letting you stay in a familiar and comfortable place during your final days. It also eases financial stress, so your family can focus on being with…

Start With a Quick Estimate Begin by submitting your policy details through our free estimate tool. If you have a qualifying life insurance policy: including term, whole, FEGLI, universal, or group life insurance, and a serious medical diagnosis such as a terminal or chronic illness such as cancer, ALS or others, you may be eligible…

Yes, you can cancel your viatical settlement agreement within a specific timeframe known as the “rescission period.” This period allows you to revoke the agreement without penalties and is typically 15 to 30 days from when you receive the settlement funds or sign the closing documents, whichever occurs first. After the rescission period, the settlement…