In return the buyer of the viatical settlement becomes the new owner of the life insurance policy pays future premiums and collects the death benefit when the insured dies. Coventry direct is a leader in the life settlement industry having helped thousands of policyowners sell their life insurance for cash to increase retirement income pay medical expenses and fund long term care.
A viatical is a transaction where the owner of a life insurance policy who has less than 24 months or less to live sells his interest as the insured to a viatical settlement company.
Life insurance viatical. A viatical settlement is an arrangement in which someone with a terminal disease sells his or her life insurance policy at a discount from its face value for ready cash. Life settlement brokers represent life insurance policyholders in the settlement process. Here are our top 5 life and viatical settlement brokers in no particular order.
Life insurance viatical if you are looking for multiple quotes on different types of insurance then our insurance quotes service can give you the information you need. Brokers will guide you through the process and you can be confident knowing that they have a fiduciary responsibility to act in your best interest. A viatical settlement from the latin viaticum is the sale of a policy owners existing life insurance policy to a third party for more than its cash surrender value but less than its net death benefit.
Such a sale provides the policy owner with a lump sum. Get your instant policy value estimate today. The coventry companies have funded over 30 billion in life insurance policies to date.
Learn everything you need to know about selling your life insurance policy. Mason finance is a licensed buyer for both life settlements and viatical settlements. Life insurance buyers helps you sell your life insurance policy through viatical settlement to cover medical expenses for chronic and terminal illness.
Viatical settlements allow life insurance policyholders to sell their policies to investors for an immediate cash benefit. The viatical life settlement company makes a cash payment to the insured in exchange for ownership and beneficiary of the life insurance policy.