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, […]

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?

Life Settlements are when you sell a life insurance policy you no longer need instead of surrendering it to the insurance company,.

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 […]

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