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In a viatical plan an individual who had been found to be terminally ill sells his or her life insurance policy to a third party organization. Most viatical plans are available to individuals with a life expectancy of five years or less.
A viatical is a wonderful option for a terminally ill person who needs cash.
Viatical: how does it work?
In viatical settlement a terminally ill persons sells their life insurance policy to a third party. A viatical plan can be sold either to an individual investor or a viatical can be sold to institutional one.
With a viatical, sellers of the life insurance receive in return a percentage of the policy's death benefit while they're still alive.
Viatical: an attractive investment
Viatical settlements are attractive to investors. Indeed, viatical settlements have a potentially high rates of return.
Viatical settlements provide an option for those who might lose their death benefit by missing premium payments.
All about viatical:
Will you get a larger viatical settlement if you hold back from medical treatment?
What happens if your policy is resold by the viatical company?
Which viatical, Accelerated Death Benefit plan?...
More information on viatical? Contact our experts on viatical!
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