Life and Viatical Settlements 101


About Life and Viatical Settlements

  • A Life Settlement is the sale of a life insurance policy to a third-party for a value in excess of the cash surrender value, but less than the death benefit.

  • A “Viatical Settlement” is the term used for a life settlement for an insured person who is terminally or chronically ill with less than a 30-month life expectancy.


Why the Life Settlements Industry Exists


Most people know that whole life insurance policies serve two purposes:


To provide financial security for your heirs


To be a long-term vehicle to compound personal wealth


        But what most people don’t know is that…       
              Life insurance is personal property...         and can be sold by the owner.              

The Life Settlements Solution

The life settlements industry provides policyholders with an easy and convenient means of liquidating an existing policy when they decide it is no longer needed – often at much more generous valuations than the cash surrender value offered by the issuing insurance company.


Life Settlements Can Provide a Meaningful Economic Benefit.

Typical reasons to liquidate an insurance policy before death:


Financial flexibility and improved quality of life for:

Time with family
Children’s education


To cover existing expenses:

Medical treatments
Long-term care
Hospice care
Eliminate the expense of an annual premium payment