A Vermont viatical settlement is similar to other viatical settlement transactions in the United States of America. A Vermont viatical settlement, like other viatical settlements, is where an insured is estimated to live less than two years and thus it has special rules and regulations in various states in order to sell the policy.
A senior life settlement is a transaction where an affluent senior age 70 plus decides to sell their universal life insurance policy to a large institution for a lump sum payment now instead of making premium payments for the rest of their life and receiving a large benefit from the carrier at death.
In today’s market place with challenging economic times many affluent seniors are choosing to sell their life insurance policies, so they do not have negative cash flow and instead purchase a life insurance policy that is either smaller or take that lump sum distribution from the life settlement and purchase an annuity, thereby increasing their cash flow for the rest of their life.
These strategies make good business sense and a lot of CPA’S and financial planners are recommending this strategy to their affluent senior clients.
You can learn more about a Vermont viatical settlement now so please click on LIVEpdq to learn more about the value of your policy in today’s market place.