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What are they?

There are firms that will buy a life insurance policy from a person who is terminally ill with AIDS, cancer, or other diseases. This provides, to the insured person, cash to cover medical bills and to pay for travel or other desired expenditures in their remaining months. The viatical firm receives the death claim proceeds when the insured dies. The viatical firm hopes to price the settlement at a price that will be attractive to the insured and also allow the viatical firm to make a profit.

Use the menu below to view more about Selling Policies--Viatical Settlements

  Selling Policies--Viatical Settlements

What Are They?
How Is The Sales Price Determined?
How Much Is The Payout?
What Should Be Considered In Such An Arrangement?
Who is Eligibile?
How Is A Transfer Of Ownership Of A Life Insurance Policy To A Viatical Company Recorded?
What Happens If The Viator Dies Sooner Than Expected?
What Happens If The Viator Outlives His Or Her Life Expectancy?
Can Viators Change Their Minds?
I Am An Investor And Wish To Use Viaticals In My IRA, Or Alternatively, In A Keogh, Or Defined Contribution Plan. Is That A Problem?
  


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