A viatical settlement company is considered a bit more focused and have more parameters to follow compared to the common funders as a whole. A true viatical settlement company would have guide lines that are very strict. Example , the insured must have at least 3 life expectancies all less than 36 months with two being less than 24 months.
A true viatical settlement company has an easier time of making an offer to the insured. For various reasons, first they have less of a concern that the insured will outlive the assumed life expectancy of the policy they purchased knowing that they have a terminal illness.
The insured feels more committed knowing that in most states their viatical company is being over seen by the security and exchange commission also most short term funders seem to be much more in touch with the broker and more present for the questions concerns of the insured.
For more information on viatical company please click the LIVEPDQ in the upper right image.