The simple explanation of what is a viatical life insurance settlement, is a terminally ill patient receives a cash payment for a life insurance policy they own. A more in-depth viatical settlement definition is a transaction where a person who has a life insurance policy and a terminal illness sells his interest as an insured …See More
What Does a Viatical Settlement Provider Do?
If you’re facing a terminal illness and have a life insurance policy that you can no longer afford to make payments on, a viatical settlement provider can offer a solution to your problem. Life Insurance Payout Pros and Cons of a Viatical Settlement Receiving an early death benefit has distinct advantages: To exclude your settlement …See More