google-site-verification=ckHuR9GHmx5wAAppxZ5QeEWLz8ftMqullw_dqtjZgkU

Archive for the ‘Uncategorized’ Category

The Basics of Viatical Settlements

Posted on: October 11th, 2018 by alf_admin No Comments

There are many things to consider before you start the viatical settlements process such as what exactly is a viatical settlement, what are the qualifications, and how do you apply for one? To make sure you have the best experience possible, make sure you learn these viatical settlement fundamentals.

What Are Viatical Settlements?

Viatical settlements refer to the sale of a policy owner’s existing life insurance policy to a third party for more than its cash surrender value, but less than its net death benefit. Such a sale provides the policy owner with a lump sum that can be used for a variety of expenses and in exchange, the third party becomes the owner of the policy. With a viatical settlement, you benefit from your policy’s value now instead of later.

How Do You Qualify for a Viatical Settlement?

There are many things that factor into a viatical settlement company’s decision to offer a viatical settlement. Here are some of the factors these companies take into consideration.

How Do You Apply for a Viatical Settlement If You Qualify?

If you meet the qualifications and wish to proceed with the viatical settlement process, you need to find a licensed viatical settlement company. These companies have many rigorous policies they have to adhere to, and they must complete a licensing process and training. Make sure you choose a company with lots of experience with your health diagnosis and ideally, select a company with positive reviews and feedback from those who have used their services in the past.

You may want to get several different quotes from competing viatical settlement companies and compare them before you make a final choice. This is a big decision, and you deserve the best settlement possible.

 

Cashing in your life insurance policy for a viatical settlement can ease your financial hardships during an already emotional and trying time, so it is definitely something to consider if you meet all the qualifications.

To learn more or to instantly see if you qualify, contact us today at American Life Fund. We can help you get the funding you need to relieve financial stress and provide peace of mind during this difficult time.

 

How a Viatical Settlement Company Helps Fund In-Home Hospice Care

Posted on: September 17th, 2018 by alf_admin No Comments

When you work with a viatical settlement company, you receive a significant cash payment in exchange for your insurance policy. You can use the funds to pay for a variety of expenses, and one option is to use the money to cover the cost of in-home hospice care.

What Is In-Home Hospice Care?

Sometimes called palliative care, hospice care is for patients who are expected to live for six months or less. Hospice care is designed to help people live out their last days as comfortably as possible. In many cases, people go to a hospice facility for this type of care, but you can also opt for in-home hospice care.

Often, in-home hospice care involves a team of professionals. You may deal with physicians, nurses, hospital aides, social workers, bereavement specialists, and others. They come to your home, to provide the care you need. Unfortunately, paying for all these professionals can be expensive, but funds from a viatical settlement company can help to offset those costs.

Why Stay Home?

Every individual has their own unique reasons for wanting to be at home, but some of the reasons patients may want in-home hospice care include the following:

That said, if you are simply at home on your own, you may want access to pain medications or you may want to occasionally consult with a medical professional. When you use the money from a viatical settlement company to hire in-home hospice care, you get the benefits of a comfortable home environment as well as the access to the medication and healthcare professionals you need.

How Does Using a Viatical Settlement Company Help?

When you have an illness, you usually face an unwieldy and unaffordable amount of medical bills. Often, you may not be able to work, and your relatives may also be short of money as they take time off from work to care for you. Dealing with that kind of financial stress when your body is trying to fight a disease can be extremely difficult.

When you work with a viatical settlement company, you can turn your life insurance policy into cash. You can get the funds you need to cover a variety of expenses including in-home hospice care. In a lot of cases, cancer patients are cared for by their family members, but when you use your settlement to cover the costs of your care, you give your relatives the freedom to just focus on being your family member rather than your caretaker.

Have questions? Want to get an estimate? To learn more about working with a viatical settlement company to cover in-home hospice care, contact us today at 877-297-4592. At American Life Fund, we help you get funding for in-home hospice and other necessary expenses so you can remain free of financial stress.

 

Your Guide to Choosing a Viatical Settlement Provider

Posted on: July 17th, 2018 by alf_admin No Comments

Many people turn to viatical settlement, or the sale of a life insurance policy for immediate funds, for a variety of different reasons. Some want a settlement to cover medical bills. Others want to pay off their home so they leave it to their spouse or children. Others need to replace loss of income, or they use the settlement so that their loved one can quit their job to care for them.

If you’ve decided that you want to cash in your life insurance policy through a viatical settlement, your next step is to find a provider. A viatical settlement provider is a company that gives you a cash settlement in exchange for your life insurance policy.

There are a variety of companies that offer this service. To ensure you find the best viatical settlement provider for your needs, keep the following tips in mind.

Look for Experience with Your Condition

To qualify for a viatical settlement, you need to meet certain health criteria. This process is typically easier if you work with a viatical settlement provider who has experience with your health condition. Many viatical settlement providers work with people with cancer, but others also work with people who have terminal illnesses related to heart failure, kidney disease, stroke, liver disease, Parkinson’s, or Alzheimer’s. To ensure you’re getting the best settlement for your situation, you may want to work with a provider who has experience with your specific type of diagnosis.

 

Use a Direct Provider

In the world of viatical settlements, there are two options: direct providers and brokers. A broker helps you review multiple settlement offers from a variety of companies to find the best offer, but they also tend to charge for this service. That can get expensive. If you work directly with a viatical service provider, you cut out the “middleman”. You work directly with the company which ensures you get accurate answers to your questions and that you don’t face any unnecessary brokerage fees.

 

Ensure They Work with Your Type of Insurance

Some viatical insurance providers may only work with certain types of life insurance policies. For example, one company may accept life policies through your employer also known as group policies, while others may not. To ensure you get the services you need, you want to choose a provider that accepts multiple types of policies.

 

Insist on an Easy Application Process

As you look at different viatical settlement providers, take some time to find out about their application process. To make the process as easy as possible, you want to be able to print out the application materials and fill them out at your convenience. You don’t have the time to go stand in line in an office and wait for physical copies of the application. Additionally, you also want relatively short forms, and the ability to submit them using a variety of options including fax, email of PDF files, and mail.

To ensure you get through the process quickly, take time to gather your insurance documents and medical records when you fill out the forms. Sometimes, those missing details are what hold up the process.

 

Find the Best Quote for Your Settlement

If you find an easy application process, you may want to get multiple quotes. Then, you can compare the offers to see which one is the best for your needs. Remember this is a competitive industry, and these companies need your business just as much as you need their services. To ensure you get the right fit for your needs, you may want to look for the viatical settlement provider who offers you the best quote on your settlement.

 

Choose a Viatical Settlement Provider with Good Reviews

In addition to comparing quotes, also see what other customers have to say about the company. If you’re considering a viatical settlement, that can be a stressful and emotional time in your life. You deserve a company that can help you get through the process in a simple, hassle-free, and friendly way. When you read customer reviews online or on the provider’s website, you get a sense of what the provider offers. To protect your emotional well-being (and your finances), you should only choose a company with positive reviews from previous clients.

 

Make Sure You Can Keep Some of Your Policy

Many people don’t know that you can keep a portion of your policy intact for your original beneficiary or whoever else you may choose. This is one option individuals take when they need policy funds now but would also like to keep part of the policy intact for later, giving them the best of both worlds. But not all viatical settlement providers may offer this option. Make sure the provider you work with allows you to keep a portion of your policy in place.

 

At American Life Fund, we have a long history of making clients and their families happy. We offer a fast and easy application process as well as competitive quotes.

To learn more about viatical settlements or about why you should choose American Life Fund to be your viatical settlement provider, contact us today. We look forward to helping you gain the financial freedom you deserve.

 

Your Guide to Alternative Cancer Treatments

Posted on: June 28th, 2018 by alf_admin No Comments

Traditional cancer treatment is what many people refer to as “slash, burn, and poison”. These harsh words reference surgery, radiation, and medications, and for many people, this crude treatment simply doesn’t work. As a result, they want to turn to alternative cancer treatments.

In other cases, patients have been part of the natural health movement long before they were diagnosed with cancer, so seeking alternative treatment for cancer is an easy decision. Here are some of the most popular alternative treatments.

 

Diet-Based Cancer Treatments

Many people believe that the toxic food supply causes cancer and prevents people’s bodies from healing from this harrowing disease. To heal themselves, some people try diet-based cancer treatments. They focus on proboitic foods, immune-boost supplements, and organic vegetables. Some of the alternative cancer treatments that fall into this category include the Gerson Diet, The Budwig Protocol, Proteolytic Enzyme Therapy, and Vitamin C Chelation.

 

Frankincense Essential Oil Alternative Cancer Treatments

Some people also turn to frankincense oil treatment for cancer. They have used this for brain cancer, breast cancer, colon cancer, pancreatic cancer, prostate cancer, and stomach cancer. This particular essential oil has been linked with a variety of treatments since ancient times, but contemporary studies also attest to the efficacy of this treatment. In one study, scientists found that breast cancer cells stopped growing when they were exposed to frankincense oil. In another study, they found that it helped to suppress cells associated with bladder cancer.

 

Vitamin D3

Although the sun can cause skin cancer, the vitamin D3 that it produces can also work as an alternative cancer treatment. Some people take these vitamins proactively, but others use this as an option to treat existing cancer. To ensure optimal absorption of any supplement with vitamin D3, make sure to eat some fatty foods like coconut oil.

 

Turmeric and Curcumin

Turmeric is the spice that gives Indian curries their iconic color, and curcumin is a substance found in turmeric. Many people believe these elements fight cancer cells and stop them from spreading. This is one of the alternative cancer treatments that seems to work the most effectively with breast, bowel, stomach, and skin cancer.

There is a lab test that indicates that curcumin has been able to stablize colorectal cancer that was resistant to other treatments. Beyond that, these treatments can help with pain and inflammation. Getting a therapeutic dose of curcumin through eating cumin isn’t really that easy, so the best way is to use a supplement.

 

Acupuncture

Acupuncture is an ancient Chinese healing technique. It involves placing very tiny needles into key pressure points of your body. People turn to this treatment for pain, fertility issues, headaches, osteoporosis, and cancer.

Even the mainstream medical community embraces acupuncture as a complementary cancer treatment. Studies show that it can help with pain relief during traditional or alternative cancer treatments.

 

Oxygen Therapy

Your body thrives on oxygen, but cancer cells are an anomaly. They can live and grow without oxygen — this statement applies to all types of cancer cells. In fact, when healthy cells don’t get enough oxygen, they can become cancerous. This information is not new.

Otto Warburg, who won the Nobel Prize in Physiology in 1931, pointed out this connection. Because oxygen deficiency can cause cancer, the reverse is considered to have an effect. Some people use oxygen therapy including time in hyperbaric chambers to fight their cancer.

 

Mushroom Therapy

Mushrooms have been a part of healing techniques since ancient times. You can ingest whole mushrooms, mushroom compounds, or supplements made from mushrooms. Mushrooms are known to strengthen your immune system, and many patients believe that mushrooms help to cure cancer.

 

Insulin Potentiation Therapy

Insulin Potentiation Therapy or IPT is one of the alternative cancer treatments that some people use alongside very low-dose chemotherapy. IPT helps small chemotherapy doses to target cancer cells more effectively.

Typically, you start by fasting. This helps to push your cells into a state of mild hypoglycemia or “hunger”. Then, when you start the chemotherapy (the dose only a 10th of the usual amount), the “hungry” cells attract the radiation toward them. This allows you to take advantage of the traditional cancer treatment but with less radiation entering your body.

 

Mistletoe Extracts

Also called iscador, mistletoe extracts are essential oils taken from mistletoe leaves. This treatment has been credited to Rudolf Steiner, inventor of the Waldorf style of education, and it has been one of the most popular alternative cancer treatments in Switzerland, Germany, and other parts of Europe for decades.

With this treatment, you don’t apply the oil topically. Rather, you get injections of it. This stimulates your immune system and encourages it to start attacking your unwanted cancer cells.

 

Biomagnetic Therapy

You may hear this cancer treatment referred to as biomagnetism, biomagnetic pairs, or terrain restoration therapy. It uses magnets, and similar to acupuncture, the magnets are placed on strategic parts of your body. In particular, they are placed over the areas where you have cancer, and they work to restore the natural pH balance of your body.

The belief behind this treatment is that cancer cells work with viruses, fungi, and bacteria in your body, and that creates an environment that allows the cancer to thrive. The magnets disrupt this process, and they create a healthier environment that is unideal for cancer.

 

How to Find Alternative Treatments

The best way to learn about alternative treatments for cancer patients is to talk with other people who have tried treatments. If you find testimonials online, try to verify the individual’s experience. Additionally, consider finding a holistic medical practitioner. They don’t prescribe one-size-fits-all treatments to any disease including cancer. Instead, they help you find the best approach for you by taking into account all aspects of your health. You may also want to look for alternative cancer treatment centers where many of the described treatments are offered.

 

Unfortunately, in many cases, insurance won’t pay for alternative cancer treatments. However, there are ways to get funding for this treatment. A viatical settlement allows you to cash out your life insurance policy, allowing you to use the funds for treatment costs. To learn more or to get an estimate of your policy’s worth, contact us at American Life Fund today.

 

When to Seek Money for Cancer Patients

Posted on: May 23rd, 2018 by alf_admin No Comments

Sadly, cancer can be very expensive. Patients often face large co-pays and other medical bills, and if they are unable to work, they have to juggle these bills without any steady income. If you’re in that situation, it may be time to start looking for money for cancer patients. In particular, you may want to consider a viatical settlement.

The Value of a Viatical Settlement

There are other cancer financial assistance programs designed to help cancer patients, but many of them such as Medicaid or community assistance programs are based on income or need, and that can make it hard for some people to qualify. A viatical settlement, in contrast, doesn’t require you to meet any income guidelines, making it the perfect option for many patients.

Here’s what our client Debra M. has to say about viatical settlements, “American Life Fund made this difficult time in my life much easier. The team is knowledgeable, very helpful, and very empathetic which a necessity in this situation. I would recommend others suffering from cancer and struggling with their finances to use American Life Fund.”

Obtaining Money for Cancer Patients

If you’re interested in using a viatical settlement, you may be wondering about the qualification criteria. In general, here’s what you need to qualify for a settlement:

You may also be able to obtain a viatical settlement if you have ALS or Alzheimer’s. If you’re over the age of 70, you may be able to get a settlement even if you’re healthy.

The Process of Obtaining Money for Cancer Patients

The premise of a viatical settlement is simple. We become the owners of the policy and take over paying the premiums. In return, we give you cash for your insurance policy now. The application process is straightforward, and we guide you through every step of the journey. Just take a look at what our clients have to say about working with us:

“The American Life Fund team was extremely helpful from beginning to the end of the process. The settlement was fair and we were impressed with the timeliness and efficiency of the settlement. If friends or acquaintances are looking for assistance, we won’t hesitate to refer them to American Life Fund.”-Karen M.

“My experience working with American Life Fund was excellent. The entire team is hard-working, knowledgeable, courteous, and informative. It was an easy process from beginning to end. I was very pleased with the offer for my policy and the time frame was quick.”-Mansukh D.

“American Life Fund sent us everything we needed to get the process done quickly. We appreciate the caring people we worked with. They worked diligently and were always patient and caring with any questions I had. I would rate them an A++.”-Jackie M.

Using Your Viatical Settlement

People obtain money for cancer patients for a variety of different reasons. Our clients use the funds to cover medical expenses and to stay on top of routine bills (rent, mortgage, utilities, etc.). Denise P. sought money for cancer patients so she could take care of her husband. She writes, “Having the security of American Life Fund purchasing my husband’s life insurance policy allowed me to take a leave of absence from work so I could stay home and care for him during his illness. Thank you again for all of your assistance.”

Others use the funds to take a vacation with their family, to pay off debt, or to supplement their incomes. In all cases, the extra funds help our clients to minimize their stress during this difficult time. The following reviews all emphasize American Life Fund’s role in reducing stress and financial worries:

“Using American Life Fund changed the quality of my life. I feel so blessed not having to worry about money anymore. I would highly recommend using American Life Fund to anyone.”-Carolyn A.

“I am very happy that I found out about American Life Fund. It has made my life and finances more bearable. I would highly recommend this company. Thank you so much for helping me.”-Vanessa C.

Signs You Need Money for Cancer Patients

Often, it can be hard to decide if you should apply for a viatical settlement, but here are some signs that you should look into this option:

Those are just a few signs you should apply for a settlement. If you’re still not sure, contact us directly to talk about your situation.

What to Do When You Can’t Afford Your Life Insurance Premiums

When people are financially strapped, they often have to pick and choose which bills to pay. In this situation, utility and housing bills often have to take priority over other bills. As a result, people may stop paying their credit cards or other non-essential bills, and for some people, life insurance can fall in this category.

Not being able to afford your life insurance premiums is a big sign that it’s time to seek funding for cancer patients. Unfortunately, if you simply quit paying your premiums, your insurer will cancel your policy. This means your beneficiaries get nothing and you lose all the premiums you’ve paid or value you’ve built up over the years.

In this situation, it makes a lot of sense to sell your policy. Rather than letting it lapse, you can work with a viatical settlement company to turn your policy into cash. Then, you can use the funds however you choose.

If you’re looking for money for cancer patients, we can help. Our clients enjoy working with us as we provide the utmost care along with years of experience. Here’s what Patricia P. said about us, “American Life Fund is a very pleasant, professional, and caring company. I appreciate their wonderful and genuine care. I have even recommended their services to several family members.” To learn more or to start the application process, contact us directly.

 

Cancer Diagnosis Planning: Financial Support for Cancer Patients

Posted on: April 24th, 2018 by alf_admin No Comments

Cancer treatment is expensive and many people affected by cancer can’t afford the cost of important health care services. Thankfully, there is a variety of financial support for cancer patients available to those with a financial need.

How to Find Health Care Assistance Programs

To find financial support for cancer patients, consider working through these tips:

Common Financial Support Programs

Medicaid — Medicaid is a federally-funded program administered by the Medicaid offices in each state. You must be a citizen or lawful U.S. resident to receive this help. You must also meet certain income guidelines and/or have certain disabilities. Children and pregnant women may also receive this assistance. In spite of income level or assets, someone who has had excessive medical expenses and is considered medically needy may be eligible for Medicaid benefits.

Medicare — Medicare is also a federally-funded program. It includes coverage and options for medication, doctor’s services, and hospital visits. This program is for people with certain disabilities, citizens or lawful residents 65 or older. Also, you or your spouse must have worked ten years or more in a Medicare-covered employment position to qualify for these benefits.

Financial Aid for Low Income Assistance — For someone who needs hospital care but has little to no insurance, it may be possible to receive financial assistance. Federal and state laws require some hospitals to provide free or reduced-cost medical care to people who qualify. Contact your state or county Health Department, a social worker, a hospital financial counselor, or a patient advocate for information.

Financial Aid for Medical Treatments

You can also find financial support for cancer patients for medical treatments from some of the following cancer and patient advocacy organizations.

Clinical Trials Community — Clinical trials are studies to test treatments and medications in development. The advantage here is that patients often do not have to pay to participate and are sometimes actually paid a little. Talk with your doctor to decide if this is a good option for you.

Health Care Centers and Free Clinics — Health clinics in a community provide some health services, usually based on a sliding scale. Usually there is no charge to see a doctor or nurse and lab work and medications are at no cost.

Viatical Settlement — Another option when you need financial support for cancer patients is a viatical settlement. This is when you sell an existing life insurance policy for more than its surrender value but less than its death benefit. In fact, your existing insurance policy can be the answer to paying off various expenses like medical bills, living expenses, medications, and even future cancer treatments.

Cancer can be scary and expensive. There are ways to get help. Don’t let your financial issues ruin your health or affect your cure. For help, contact us at American Life Fund today.

 

5 Options for Finding Financial Help for Cancer Patients’ Treatment

Posted on: April 17th, 2018 by alf_admin No Comments

Unfortunately, a third of cancer patients go into debt for their treatment, and 3 percent have to file bankruptcy. If you’re having trouble finding help for cancer patients’ treatment and dealing with expensive medical bills, you may need some financial help for cancer patients’ treatment. In particular, you may want to consider one or more of the following options.

Grants

There are many organizations that offer grants to patients with cancer. Some are targeted towards specific types of cancer, and others are more general.  The amount you may receive will vary but the best part about grants is that you don’t have to pay the money bank.

Community Fundraisers

Many communities will hold fundraising opportunities for affected individuals in their community. Try reaching out to your local city authority to see if they can help, or know of any local organizations who provide financial help for cancer patients’ treatment.

Viatical Loans

Viatical loans are similar to viatical settlements, only viatical loans are cash advancements that incur high interest rates and additional fees, making it difficult to pay the loan back. Rather than gaining income from your policy you actually incur more debt. Financial advisors caution against this option because viatical loans give a false sense of hope because in hindsight they create more stress and financial hardship.

Viatical Settlement

Are you wondering about the benefits of doing a viatical settlement? Here are some key reasons many patients choose this option:

Who Should Apply?

If you’re trying to decide whether or not you should apply for a viatical settlement, there are numerous elements you should consider. First, you need to already have a life insurance policy. Then, if you meet any of the following criteria, you should also consider applying:

If you need financial help for cancer patients’ treatment, we can help. To learn more about living benefits and viatical settlements, contact us at American Life Fund today. We help late stage and terminal cancer patients find the financial freedom they need.

 

Finding Money for Cancer Patients with Esophageal Cancer

Posted on: April 11th, 2018 by alf_admin No Comments

Cancer of the esophagus affects approximately 17,290 people in the United States, and it causes 15,850 deaths per year.

Dealing with this type of cancer can be physically, emotionally, and financially painful. If you are dealing with a lot of financial stress, you may want to explore ways of finding money for cancer patients.

Understanding Risk Factors for Esophageal Cancer

This type of cancer is about four times more prevalent in men than women and that’s because it’s linked to excessive alcohol use and smoking, which men tend to do more often than women. Although it makes up only about 1% of all cancer cases in the United States, it’s more common in other parts of the world.

Treating Cancer of the Esophagus

When the cancer is detected early, doctors typically recommend local treatments. This includes surgery or radiation to treat the site of the cancer. As the issue evolves, your health care team may advise systemic treatments. That includes chemotherapy and immunotherapy as well as other methods that attempt to address the systemic spread of cancer throughout the body. Eventually, you may need palliative therapy. This doesn’t stop the cancer. Instead, it keeps you comfortable as the cancer progresses.

Paying for Cancer Treatment

Unfortunately, paying for treatment for your esophageal cancer can be difficult. But, as indicated above, there are ways to get money for cancer patients to help offset your out-of-pocket costs.

According to the American Cancer Society, the country spends a total of $80 billion on cancer treatment costs annually.

To obtain money for cancer patients, many people simply keep working. In fact, of the 15 million cancer patients and survivors in the country, approximately half are still working. Some are working to defray their financial burdens, but others choose to work to maintain their sense of independence.

For many cancer patients, they don’t always have the choice to continue to work or not. Esophageal cancer, in particular, is extremely invasive, and it often makes it impossible to work. If you’re in that situation, you may want to look for other resources that provide money for cancer patients so that you can focus on your treatment plan.

Using Viatical Settlements for People with Esophageal Cancer

A viatical settlement is designed to help people with late stage cancer who are struggling with medical bills or who simply need money for other expenses. This type of settlement allows you to cash out the funds from your pre-existing life insurance policy early. Then, you can use this money to help pay for your treatment, medications, transportation, or even your current expenses such as rent or a mortgage, car insurance, or groceries. Some patients even choose to take a vacation and spend time with family or friends.

If you’re suffering from esophageal cancer, let us help. At American Life Fund, we provide money for cancer patients in the form of viatical settlements. To learn more, contact us today.

 

Using Viatical Insurance Funds During Cancer Treatment

Posted on: April 5th, 2018 by alf_admin No Comments

Viatical insurance, also known as a viatical settlement, offers you a way to cash out your life insurance policy now instead of later. For cancer patients, this transaction can be an essential way to cover expensive medical bills. However, there are numerous other ways that you can use the funds from viatical insurance as well. In particular, you may want to consider the following:

Supplement Your Income

When you’re ill, working can be impossible, but if you’re like most people, you probably still have bills to pay. Viatical insurance can help to cover your income and alleviate some of your financial stress. If you’re still working, you may even want to take out a settlement so that you can retire from your job and focus on your recovery.

Pay for Home Care

Going back and forth between your home and the hospital or medical clinic can be time consuming and exhausting. To avoid this, you may want to use some of the viatical insurance proceeds to pay for home care. There are medical professionals who can come to your home to assist you or you may even want to treat yourself to a house cleaner, a cook, a nanny to help with the children, or other in-home services. They can help to make you more comfortable and alleviate some of the burden that is on you.

Pay Off Existing Debt

In that same vein, if you have a lot of existing debt, you may want to use the viatical insurance funds to pay it off. For instance, if you owe money on your home and you want to leave it to your children, you may want to use the funds to pay off the remainder of your mortgage. Similarly, if you don’t want to leave your family with credit card debt, you may want to use the funds to pay off those bills.

Pay for Your Children to Take a Leave of Absence

When you have cancer, you probably want to spend as much time as possible with your friends or family, but if they have to work, that’s not usually so feasible. To allow your family members to take a break and spend time with you, you may want to use your viatical insurance money to cover some of their wages. Then, they will be able to quit or take a leave of absence to spend quality time with you.

Take a Vacation

Regardless of how you decide to use your viatical settlement, its role is to make your life easier. So why not use the funds to enjoy yourself?  Consider going on a vacation with family or renting somewhere local to have a ‘staycation’ with your loved ones. You and your family will create irreplaceable, lifelong memories.

To learn more about viatical insurance and to find out if it’s right for you, contact us at American Life Fund today. You can call us directly at 877-297-4592, or fill out our online form to receive more information about your viatical insurance options.

 

Financial Aid for Cancer Patients: Who Qualifies For a Viatical Settlement

Posted on: March 26th, 2018 by alf_admin No Comments

Although a viatical settlement is one of the lesser known forms of financial aid for cancer patients available, it is often the ideal solution when the financial need is great and the alternative options are few. Unfortunately, a diagnosis of cancer often comes with a hefty tab for treatments and other related expenses, and leaves many patients and their families drowning in debt.

Unfortunately, many cancer patients typically find that most cancer financial programs offer minimal funds, whereas a viatical settlement provides funding on a much larger scale. Although a “viatical settlement” may sound like something new, viatical settlements actually date back to the 1980’s during the AIDS epidemic when AIDS patients were able to liquidate their life insurance policies so that they could afford advanced life-saving medical treatments. This offered them a chance at life they would not have otherwise had. Since then, millions of Americans have relied on a viatical settlement as a trusted means of financial aid for cancer patients.

Viatical settlements are now more common for cancer patients as the cost of treatments have risen significantly over the past several years, leaving many patients with no other option but to forfeit treatments.

Although a viatical settlement is traditionally used to pay for costly medical treatments, the spending options are endless as the funds are non-regulated, meaning they can be used for anything. Many patients choose to use their viatical settlement for related expenses such as medication, transportation, or home care. Still others prefer to use their funds to cover household expenses such as electricity, rent or mortgage payments, or to pay off a vehicle loan.

At American Life Fund we hear countless stories of how viatical settlements not only provide an opportunity for life-saving treatments, but also transform countless lives everyday by allowing patients and families the ability to regain a sense of dignity and normalcy again. Our unique form of financial aid for cancer patients allows individuals and families the ability to pay for everyday living expenses, take luxurious vacations with dear loved ones, and even pay off outstanding debt. Our clients see their life insurance as a tangible asset and find it more valuable to sell their life insurance policy than keep it, because selling their life insurance policy for cash now, lets them enjoy a better quality of life.

Who Qualifies for a Viatical Settlement?

Although American Life Fund specializes in helping cancer patients, a viatical settlement is not limited to financial aid for cancer patients. Individuals without cancer may also qualify for a viatical settlement. Below is a list of qualifications for a viatical settlement.

1.    A life insurance policy of $100,000 or more.

2.    A life-threatening illness (late stage cancers, ALS, Alzheimer’s, etc.) or healthy and over the age of 80 years old.

If you are still unsure whether or not you qualify for a viatical settlement, contact us today. Our dedicated staff is happy to answer any additional questions you may have and to guide you through the process.