Viatical settlement providers are investors that offer the option for insureds and policy owners in a “tax free” cash settlement for the purchase of their life insurance policy. Viatical settlement providers must be licensed and only offer cash purchases to clients that are insured and have a short life expectancy. The providers are required to make offers on insureds with less than 24 months of life expectancy.
Viatical settlement providers are investors so determining offers that are profitable means large variations on the offers you might see.
Determining life expectancy is only part of the requirement a viatical provider uses in offering an appropriate cash settlement. Policy cash value, on going premium requirement and the insurance carrier ratings are key in these investment decisions.
A viatical settlement provider should be found through a shopping process that your professional licensed broker is able to do for you. For more information please click on LIVEpdq.