Viatical Bonds, formerly called death bonds, are Life settlement backed securities. Some people think that it is as strange an investment as ever could be imagined to be cooked up. But, we live and we die and sometimes we know we are going to die with a Terminal Illness. Until we pass on to the next life, we must pay to live in this one. Fortunately, some of those who know their fate, have life insurance policies that are meant to ease the burden of final expense for their loved ones. But, what about the expense of living while they are alive?
Viatical bonds, or Life Settlement is a way for those Terminally Ill to pay for the cost of living now, with their life insurance policy, while they are still alive and are faced with the day to day living costs we all have. Many of those policies have an accelerated benefit rider which allows the insured to take an advance on the death benefit while they are alive. Others may not have this benefit, but an insured with less than 24 months to live, can get as much as 80% of the death benefit before he or she dies.
The business of life settlements suddenly does not seem to be as macabre as first seen. I have been in the life insurance business for over 30 years and when I first heard about it, about 15 years ago, my reaction of viatical bonds, viatical settlements, was the same as most of us…….profiting from death. But, now, in a very practical way, I look at this totally different. Everybody wins, in viatical bonds, when all the rules of regulation are followed and the client is at the focus of attention. He is the number one consideration, the client always comes first. To learn about viatical bonds click on LIVEpdq.