the rate you’ll receive is 50 to 70% of the policy’s value.
the policyholder needs the money
Payouts are usually tax-free Large lump-sum payments are available within a few weeks Access to the money happens while the policyholder is still living Funds have no stipulation for use
Any individual with a chronic or life-threatening illness and an existing life insurance policy qualifies for a viatical settlement. The policy can be term, whole life, universal, group, or joint. For a policy to be eligible, it must have been in effect for at least two years and have a face value of a minimum of $100,000. If you meet these criteria but still aren’t sure about your particular situation, you can find out instantly if you qualify using our easy online form in just a couple of minutes. Some factors a viatical settlement company may consider are: Type of disease Stage of the disease Policy value Cost of insurance premiums Regardless of the type of life insurance policy you hold, you should consider a viatical settlement if you want to enjoy the benefits of your good planning while you’re still alive.
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