A viatical loan may save your financial life during a time when your trying to stay alive. Bottom line is that a viatical loan means the opportunity to borrow funds from a viatical provider on the life insurance policy you own with the option of repayment with interest.
A viatical loan must qualify to be a tax free event so a licensed viatical provider is necessary. Loans from individuals against your life insurance policy may not qualify and have legal pitfalls that states do not regulate.
Planning repayment of your loan is an option which could mean a temporary bridge that can offer an option that provides the time to “get your house in order”.
Viatical loans require a professional approach through a licensed broker that understands the transaction. It is not a life settlement or a viatical settlement so make certain the representative understands your goals. For more information please click on LIVEpdq today.