Viatical settlements differ from the everyday senior life settlement due to the difference in life expectancies. Viatical settlements will have a life expectancy of two years or less due to a life threatening illness. Senior life settlements on the other hand will typically have a life expectancy of up to 160 months. Viaticals really became popular during the 1980’s when the AIDS epidemic was at an all time. These type of settlement transactions allowed AIDS patients tell sell their life insurance policies in order to use the proceeds for expensive medical care. Today viatical settlements typically don’t apply to AIDS patients because of new drug treatments that are giving AIDS patients the opportunity to live longer than expected. It is more typical for a person with advanced cancer or some other incurable illness to qualify for a viatical transaction. For more information or to see if you qualify for a viatical or life settlement transaction click on LIVEpdq today.