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What is a Viatical Settlement?
A viatical settlement is a financial transaction in which the owner of a life insurance policy sells the policy to a third party for a lump sum of cash. The seller, known as the viator, is typically someone who is terminally ill and expects to die within two years. The […]
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Can I Sell My Life Insurance Policy?
You can sell your life insurance policy to a third party for a lump sum of money. This is known as a life settlement. There are a few things to keep in mind if you are considering selling your life insurance policy: If you are considering selling your life insurance […]
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How to Cancel Your Life Insurance Policy
Life insurance is a long-term financial product, and there may come a time when you no longer need it. If you’re considering canceling your life insurance policy, there are a few things you need to know. When Can You Cancel Your Policy? You can cancel your life insurance policy at […]