A viatical settlement license is required in most states or jurisdictions, but if not checking for one is a way to verify the standard requirements met by the participating parties to the viatical settlement transaction you may be considering. If your state does not currently require licensing, check surrounding states and whether the parties involved carry approved viatical settlement licenses.
Viatical settlement license requirements vary but checking with the Department of Insurance generally will verify the legal name that is being used to conduct business unless the company operates as a DBA.
The “Broker” advising you on the transaction and negotiating with the viatical settlement provider should also be licensed if required. Asking everyone involved should be the simplest way to verify their viatical settlement license. If you would like to receive or more information or are interested in receiving a free no obligation policy evaluation to see if you qualify for a life settlement click on LIVEpdq today!