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 to sell your policy, you gain a large lump sum cash payment. That means the funds are in your hands while you’re still here to use them. For many of our clients, that decision changes everything.
Unlock up to 70% of your life insurance policy’s face value, fast, tax-advantaged, and yours to use how you need it most.
Key advantages of choosing a viatical settlement
✓ You receive up to 70% of your policy’s face value
No loans. No hidden strings. You receive a cash payout directly from us.
✓ You stop paying premiums
Once your policy is sold, you’re no longer required to pay additional premiums to keep it active.
✓ Your life expectancy doesn’t limit your payout
The lump sum is locked in. Even if the seller lives longer, nothing changes. No clawbacks, no debt.
✓ It covers urgent and uncovered medical expenses
Whether it’s experimental treatment or home care not supported by insurance, you choose how to spend your funds.
✓ It provides financial support for your family now
You can use the cash value to settle debts, cover caregiving costs, or ensure your family is protected while you’re here.
These benefits apply to both terminally ill and chronically ill policyholders who meet eligibility requirements. Learn more about how we evaluate your life expectancy and health status.
Where the money goes: Real choices with real impact
When you unlock your person’s life insurance policy, you gain control of how the money is used. Here’s where many of our clients direct their payout:
- Paying for treatments or medication that aren’t covered by insurance
- Funding assisted living or hospice care (here’s how to pay for hospice with a policy)
- Supporting loved ones with daily living costs
- Clearing debt before it becomes someone else’s burden
- Taking control of end-of-life planning and costs
This isn’t theory, it’s practical financial relief. And the timing matters.
Your health status doesn’t make this harder, it makes it more important
If you’re living with a serious illness, you may qualify based on your estimated life expectancy, terminal illness, or chronic condition. The process respects your condition and circumstances.
- No medical exams
- No policy loans required
- No waiting to collect from the insurance company
- Just a direct exchange of your policy for immediate cash
Our quick eligibility calculator will give you a free estimate in minutes.
Is it right for your financial situation?
If you answer yes to any of the following, a viatical settlement may be the best step forward:
- Are you struggling to pay premiums on your life insurance policy?
- Do you need funds to cover medical expenses or end-of-life care?
- Are you seeking a better way to use your policy’s cash value today?
Some sellers come to us after exhausting other options. Others have been advised by a legal advisor or financial professional. Either way, we walk you through the entire viatical settlement contract process, transparently and without pressure.
If you’re unsure whether your situation qualifies as a viatical settlement or a traditional life settlement, it helps to understand the key differences between a viatical and life settlement before moving forward.
A smart alternative to walking away
Letting a policy lapse or surrendering it to the insurance company often results in minimal return. Instead, consider the potential higher return from a viatical settlement, often 4–8x the cash surrender value.
We cover the cost of the process, and your beneficiaries aren’t burdened by premium payments. You avoid further policy loans, and instead receive funds with real use today.
To see how real people have used viatical settlements to improve their financial situation during a serious illness, read some of our recent testimonials from clients.
Get a free, confidential policy review
→ See if you qualify in under 5 minutes
No pressure. No obligation. Just clarity.
FAQs
How does a viatical settlement differ from a life settlement?
While both viatical settlements and life settlements involve selling a life insurance policy, they cater to different demographics. Viatical settlements are specifically designed for individuals with life-threatening illnesses, whereas life settlements are typically for older policyholders without such medical conditions.
How is life expectancy determined in viatical settlements?
Life expectancy is determined by medical professionals’ thorough assessment of the policyholder’s medical condition and prognosis. Viatical settlement companies use this information to calculate the policy’s value and payout amount.
Can funds from a viatical settlement be used to cover medical expenses?
Yes, funds obtained from a viatical settlement can cover various expenses, including medical bills, experimental treatments, and alternative therapies not covered by insurance. The lump sum of cash provides financial flexibility to address immediate needs related to the policyholder’s health.
How do I choose a reputable viatical settlement company?
When selecting a viatical settlement company, it is important to research its reputation, industry experience, customer reviews, and accreditation. Working with a reputable and trustworthy company ensures a smooth and transparent transaction process.
Are there regulations governing viatical settlement companies?
Yes, viatical settlement companies are subject to regulations and laws that vary by state. These regulations aim to protect policyholders and ensure fair practices within the industry. It’s important to familiarize yourself with the regulations applicable in your state when considering a viatical settlement.
What is the difference between a viatical settlement broker and a viatical settlement provider?
Viatical settlement brokers are representatives, working with multiple providers to get you an offer. They typically charge a fee or commission for their services. Viatical settlement providers are the companies that directly buy your policy. They may offer a settlement without additional fees compared to using a broker.
Should I use a viatical settlement broker?
It is typically advised to use a viatical settlement company such as American Life Fund since viatical settlement brokers charge fees that reduce the insured’s cash payout amount.
