Do you live in the State of Arkansas and have a seasoned insurance policy that you know longer can afford or need and need an alternative to letting the policy lapse consider an Arkansas viatical settlement. An Arkansas viatical settlement or a viatical settlement is where a policyholder has two years or less to live and the insured sells their insurable interest for the living benefit of their life insurance policy.
Viatical settlements became popular during the mid 80′s during the AIDS epidemic. Many policyholders with the AIDS virus sold their insurance policy to help treat the AIDS virus or just to enjoy their last years of their lives. Investors and brokers took advantage of these policyholders due to the lack of regulations in the industry. The most important aspect of an Arkansas viatical settlement is the life expectancy.
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