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 buyer, known as the investor, […]
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 policy, it is important to […]
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 any time. However, there may […]
How Does a Life Settlement Work?
There are three major steps in life settlements 1. Get an Estimate The estimate is based on years of experience evaluating policies. This estimate is primarily based on the policy value, your age and general health condition. The estimate will provide a range based on experience and help you decide if you want to move […]
New Opportunities to Settlement Term Life Insurance Policies
Because of the popularity of term Life Insurance, there is a great deal of interest in settling these policies. Term Life Insurance is typically bought to cover a temporary need and, at some point in time, the Life Insurance is no longer necessary or becomes unafforable. When either occurs, a Life Insurance Settlement may be […]
