Alternatives To Viatical Settlements
Are you unsure whether a viatical settlement is appropriate for you? Here are some more alternatives to explore if a viatical settlement isn’t right for you:
Surrendering the policy
You can cancel your life insurance policy and receive the cash surrender value. This is usually a bad idea because you will get less money than if you had sold the policy in a viatical settlement.
Although viatical settlements offer many benefits, they aren’t the only form of financial assistance available. Be sure to speak with a professional before making any decisions.
You can withdraw from the cash value of your life insurance policy, but this will reduce the death benefit paid to your beneficiaries.
Is a Viatical Settlement Right For You?
With life insurance policies becoming more common, it’s essential to consider all choices before making a decision. For those with an ongoing or terminal illness – selling your policy may be one way to get money for quality care. All while still having extra funds to help you improve your quality of life.
Give us a call at 877-297-4592 or complete our simple online form if you or a loved one are interested in a Viatical Settlement in California.