Viaticals are the sale of life insurance policies for individuals that have a life expectancy of 24 months or less. Generally seniors that have been afflicted with an ailment for some time that becomes critical, or a critical disease is discovered, a viatical can be effective for anyone at any age. Do you have to have a life expectancy of 24 months or less to sell your life insurance policy? Absolutely not, seniors 65+ can sell their qualifying life insurance policies as life settlements.
Viaticals became popular back in the late 1980’s when the AIDs patients could no longer afford the expensive medications that were being prescribed and someone realized that life insurance policies could be sold as an asset, for a set value, at a predictable time. Today this process has been perfected and the predictability of the inevitable has become a scientific probability. The process of viaticals and life settlements is rather complex and the assistance of an experienced life insurance agent can greatly aid you in the process of deciding which process is best for your individual needs. It is recommended that you find one that has completed life settlements and viaticals.
To find out if your policy qualifies for a viatical or life settlement click on LIVEpdq today.