A viatical life insurance cash settlement provides patients and families with affordability for long term care.
What is the tax basis of a Life settlement and how does this affect life settlement taxation? Changes from the TCJA Act 2017 You should always have your life insurance policy appraised, and yes it is often possible to qualify to sell your life insurance for cash to pay for healthcare or any other needs you may have. […]
Being diagnosed with terminal cancer is enough to make anyone cry. Once you have had time to come to terms with the reality of the situation, you will face the prospects of expensive treatment and care. If you own a life insurance policy, you may be able to sell it for a lump sum of cash in the secondary market for insurance, and use the money to relieve the financial burden of cancer.
Out of pocket costs for the treatment and care of cancer patients can put a tremendous financial strain on both patients and their families. One possible way to relieve that financial pressure of paying for cancer treatments is to consider a viatical settlement in the secondary market for insurance.
The business office director at Emeritus of Lake Point, GA contacted us with a family requiring financial assistance for a wife and husband. The wife owned $376,000 of life insurance that they wanted to know if they could trade in for a Viatical Assisted Living Conversion. They were planning to abandon the policies and not […]
A father was already a resident at Eldorado Heights in Klamath Falls, OR and already on a Medicaid spend down path. The family inquired about a Viatical Assisted Living Conversion as they were attempting to convert an existing life insurance policy and still extend his ability to remain in residence. He owned a $100,000 life […]
Brookdale Senior Living introducing the Viatical Assisted Living Conversion concept to Brookdale’s communities across the United States in February. After only the first month, Viatical.org is pleased to share this successful case study. This most recent Viatical Assisted Living Conversion truly affected the quality of life for the underlying family. A Viatical Assisted Living Conversion […]
