A Michigan viatical settlement transaction takes place when the owner of a life insurance policy sells the policy death benefit to a third party investor. A viatical settlement usually pertains to a senior citizen with a critical illness that is looking to raise cash to help with living benefits. Michigan viatical settlements require that agents take into consideration such factors as age, financial situation as well as the financial objectives of the client. Under the right circumstances a viatical settlement can be a tremendous benefit for a policyholder looking to raise cash for an unwanted or unneeded life insurance policy. Viatical settlement offers can be substantially larger than the surrender value of the policy including some convertible term policies that do not accumulate any cash value. Please click on the link LIVEpdq for more information and help with your life settlement calculation.