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An Educational Consumer Guide from Viatical.org The following guide addresses the top 20 questions policyowners ask before selling a life insurance policy. Most people purchase life insurance during a period of responsibility. A growing family. A mortgage. Estate planning. Business protection. The policy represents long-term security for people who depend on you. Premiums are paid …See More
If you are wondering how much do life settlement companies pay, the answer depends on several key factors including your age, health condition, policy type, and the size of your death benefit. In general, a life settlement pays more than the cash surrender value but less than the full death benefit. For many policyholders facing …See More
If you are considering a viatical settlement, one of the first things you will want to know is what documents are needed for a viatical settlement and how long it will take to gather them. The good news is that most of the paperwork is straightforward, and in many cases, you already have some of …See More
If you are wondering what happens if you stop paying life insurance premiums, the outcome depends on the type of policy you own, how long premiums have gone unpaid, and whether any options are exercised before the policy lapses. Many policyholders stop paying premiums during illness, retirement, or financial stress without realizing that doing so …See More
Do beneficiaries have to agree to a viatical settlement? This is one of the most common questions policyholders ask when they are considering selling their life insurance policy for cash. Many people worry that moving forward with a viatical settlement requires permission from family members or that beneficiaries can block the sale. The answer is …See More
What makes a life insurance policy attractive to buyers? This is one of the most common questions policyholders ask when they are considering whether selling their life insurance policy is an option. Not all policies qualify, and not all qualifying policies are valued the same way. Buyers evaluate several specific factors to determine whether a …See More
Facing a serious medical diagnosis often brings immediate financial questions, especially when income drops and medical expenses rise. Life insurance options after a life-changing diagnosis are not always explained by doctors or insurance companies, yet they can provide financial flexibility during a difficult time. Many people assume their life insurance policy is something that only …See More
When a term life policy is nearing the end of its level premium period, many people assume their coverage is about to become worthless. In reality, it is important to check your term policy’s conversion options before it expires, because buyers in the life settlement and viatical settlement market often require a policy to be …See More
Families often reach a point where the cost of a skilled nursing facility becomes overwhelming, which leads many to ask a direct question: can a life settlement help pay for skilled nursing care? For people with serious or life limiting health conditions, the value inside an existing life insurance policy can provide meaningful financial relief. …See More
Many former service members are unaware that they may be able to turn an existing life insurance policy into immediate cash. This veteran’s guide to life settlements and viatical settlements explains how these options work, who qualifies, and how veterans can benefit especially those holding convertible term life insurance policies that are nearing expiration. What …See More
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