Life insurance viaticals are life settlements which are completed for individuals with a terminal illness (viators) for a lump sum cash settlement. Consumers sometimes look to life insurance viaticals as a way to gain access to a significant amount of cash which can be used to pay medical bills, pay for experimental treatments not covered by health insurance or just to enjoy their time.
Both parties take on risks when entering into a viatical settlement. An investor is drawn to life insurance viaticals because of the possibility for (but not guaranteed) a high rate of return on their investment. If the seller survives longer than expected, the investor will lose some of their projected return. The seller may not have the knowledge to get a fair price for their policy and sell at a lower price than they should.
Don’t let this happen to you. If you are considering entering into a viatical settlement, contact LIVEpdq to speak with one of our trusted advisors today.