The Idaho viatical settlement industry is among the largest in the West. A reason for this is friendly regulations that have allowed many premium finance companies to originate numerous life insurance policies in the state best known for potatoes and Boise State football.
Originally, the Idaho viatical settlement market was not very active. This was because of the lack of wealth when compared to larger states such as California, Texas, and Florida. Many buyers of life insurance policies preferred to purchase policies with a death benefit value between one to five million dollars. Since there were not many of these policies, the Idaho settlement was just small potatoes.
Then the Idaho viatical settlement received a boost when premium financed policies started being originated there. The average size of these policies were in the five million face amount range. Once the policies were there, the money came from investors looking to purchase these policies.
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