The Minnesota viatical settlement market is alive and well even with regulatory changes to the life settlement laws in Minnesota. There are many policy owners that have participated successfully in a Minnesota viatical settlement and because of the life settlement lobby more policy owners can benefit from this viatical and life settlement marketplace.
In order to be eligible for a Minnesota viatical settlement the policy owner must live in the state of Minnesota and have a life insurance policy that has been inforce for at least two years and the insured on the life insurance policy must have a life expectancy of less than two years due to a terminal illness. There is no age restriction on a viatical settlement, but if the insured has a life expectancy of more than two years the insured must be at least seventy years old. Although there are many life settlement funders that state that they will purchase life insurance policies where the insured is sixty five, they do not do so unless the insured has a life expectancy of less than ten years.
If you are interested in either a viatical or life settlement click our LIVEpdq link now for a free policy review now.