If you’re wondering how to sell a life policy quickly, Viatical.org offers a streamlined, direct-to-consumer platform that can help you turn your life insurance into cash faster than traditional methods. By removing brokers and middlemen, our process connects you directly with institutional buyers, significantly reducing delays and ensuring a smoother transaction.
Step 1: Determine If Your Policy Qualifies
Selling a life policy quickly starts with determining if your policy is eligible for a life settlement or viatical settlement. This can often be determined in a brief 5-minute phone call. Whether you are in good health and considering selling your term policy for its hidden cash value or dealing with a health crisis and need funds for alternative care, a quick assessment can clarify your options.
Step 2: Automated Document Gathering
To ensure the fastest turnaround possible, the Viatical.org platform automates the collection of required documents, including:
- Insurance policy illustrations
- Medical information
- Compliance documentation
Our platform allows you to complete the necessary forms conveniently from your phone or computer in just minutes, without the need for lengthy applications or paperwork.
Step 3: Direct Policy Review
Once your documents are gathered, licensed buyers review your policy directly—no broker or middleman involved. These buyers assess your policy’s value based on factors like policy type, death benefit, and health status.
Step 4: Receive Competitive Offers
If your policy has value in the secondary market and there is interest in purchasing it, you will receive cash offers directly from the buyers. Direct offers mean you receive the highest possible payout for your policy as there is no need to subtract a broker fee from the offer you receive.
Step 5: Closing and Funding
After you accept an offer, the closing process begins with assistance from a licensed provider in your state. Once the ownership and beneficiary change is confirmed by your insurance company, the funds held in escrow are released to you. The buyer becomes responsible for all future premium payments, even if you retain a portion of the death benefit.
Key Benefits of Our Direct Platform
- No Application Required: The process starts with a simple eligibility call.
- Automated Process: Save time with fast, electronic document collection.
- Competitive Offers: Direct offers ensure you get the best possible payout.
If you need to sell your life policy quickly, our automated platform is designed to simplify and expedite the life settlements process. Contact us today to learn if you are likely to qualify and for a no obligation policy appraisal 800-973-8258