About Life Settlements & Viaticals

A life settlement may be an ideal way to free up extra cash to help the elderly remain in the home, to pay for medical and long term care expenses or to pay bills.

A life settlement enables older individuals, businesses and other organizations to sell life insurance policies they currently own – but no longer want or need – for an amount greater than the cash surrender value. In some cases the value can be 2-3 times the cash surrender value. Even some term life insurance policies with a conversion option to permanent coverage can qualify for a life settlement.

A viatical is a product similar to a life settlement.