There are many viatical benefits. A viatical is the sale of a life insurance policy to the secondary market, much like a life settlement. However, in a life settlement the insured is generally a senior. A viatical is different because the insured can be of any age and must be diagnosed terminally or chronically ill.
In a viatical settlement the policy owner is paid less than the death benefit, but more than the cash surrender value of the policy. Viatical benefits allow the insured to have the cash at hand now rather than after they have died. Viatical benefits range from payment of medical treatments and supplement loss of pay to maintaining a certain comfort level until they die.
Today’s medicine allows for persons to be terminally ill for an extended amount of time. This can be a double edged sword and can cost the terminally ill person’s family a tremendous amount of money. A viatical settlement can allow these bills to be paid rather than driving the family into debt.
Click the LIVEpdq link for more information and for a free life settlement evaluation today!