Posted by The Policy Settlement Alliance on Wed, Sep 08, 2010 @ 08:30 AM
By John W Thompson
A viatical settlement agreement is signed by the owner of a life insurance policy where the insured has a life expectancy of less than two years to live. The viatical settlement agreement can be the agreement that the owner signs showing their intent to sell the life insurance policy.
The decision to sign a viatical settlement agreement may be a difficult one, but for many an important one. There are many reasons why someone may decide to participate in a viatical settlement, but they need to know their rights from the time they start the process to the time the process is complete. Most states have now enacted laws regarding life settlements and viatical settlements these laws can be found on line and by contacting your states insurance department.
Understanding that the viatical settlement industry is one that is here to help you, if you are interested in participating in a life settlement click our LIVEpdq link now for a free policy evaluation.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by The Policy Settlement Alliance on Wed, Sep 08, 2010 @ 08:29 AM
By John W Thompson
Unlike other contracts that you have signed in your life a viatical settlement contract can be reversed. The viatical settlement contract is regulated by the state in which the owner of the policy lives, but generally speaking most owners have fifteen days from the day they receive the money from the life settlement funder to reverse the sale of the policy.
The owner needs to read the viatical settlement contract carefully as well as find out the laws in their state regarding the rescission period that they are allowed before the sale is actually complete.
Although it does not happen often, some owners have second thoughts about selling their life insurance policy and they decide after the process has been complete to reverse the whole sale.
Having a life settlement broker that understands you and your needs can help you make this decision before all the work and effort has been done to sell the policy. If you have a life insurance policy that you no longer want or need click our LIVEpdq link now for a free no obligation policy evaluation.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by The Policy Settlement Alliance on Wed, Sep 01, 2010 @ 06:27 AM
By John W Thompson
Viatical sales are an option that many people do not know about, but that can benefit a policy owner at a time when they need it most. Viatical sales are an option that should be looked into if you have a life insurance policy that is at least two years old where the insured has a life expectancy of less than two years.
A policy owner can expect to receive anywhere from 25 to 70% of the face value of the life insurance policy when they participate in viatical sales of their life insurance policy. The decision should not be taken lightly, but it is one valid when the policy owner either needs money now to cover their expenses, if the client no longer needs the coverage for estate planning purposes or no longer wants to pay the premium on the life insurance policy.
You can get a free policy evaluation now by clicking our LIVEpdq link now.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by The Policy Settlement Alliance on Wed, Sep 01, 2010 @ 06:25 AM
By John W Thompson
Do not be fooled by those that call themselves a viatical expert and have only been involved in life settlement arena for only a year. A viatical expert must have years of experience in the industry as about only five percent of all life settlements are viatical settlements.
A viatical expert must not only understand life settlements but also be understanding and compassionate with the situation the policy owner, insured and the family members are going through knowing that the insured has less than two years to live. In order to complete the sale the policy owner must sign a number of documents relinquishing their right as well as the family’s right to the death benefit of the life insurance policy that is being sold.
If you have a life insurance policy that you are thinking about surrendering your life insurance policy or are you wondering what your life insurance policy might be worth, click our LIVEpdq link now for a free policy evaluation.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by The Policy Settlement Alliance on Wed, Sep 01, 2010 @ 06:11 AM
By John W Thompson
What kind of viatical service should you expect when you are interested in selling your life insurance policy on the secondary market? The viatical service that you receive will determine the return that you receive on your life insurance policy, so wouldn’t you expect to have good service?
Do not accept any viatical service that you are not happy with. Do you have questions that are not being answered? Do you want to know what is going on with your viatical sale? Many times people accept bad service because they believe that the viatical broker is busy trying to obtain offers on their policy instead of taking their phone calls are answering their questions. The reality is that if the broker is not giving you good service chances are that they are treating the companies that want to purchase your policy.
Let us provide you with service that is second to none by clicking on our LIVEpdq link now for a free policy evaluation you are on your way to starting things off right.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by The Policy Settlement Alliance on Wed, Sep 01, 2010 @ 06:09 AM
By John W Thompson
Viatical services cannot be provided by just anyone to just anyone. In order to be eligible for viatical services you must be a policy owner of a life insurance policy that is at least two years old where the insured has a life expectancy of less than two years. For a viatical settlement there is no minimum age on the insured.
The requirements for an agent, broker or company to be eligible to provide viatical services to clients are regulated by the state in which the policy owner lives. Many states require that the agent and brokers be licensed to participate in the life settlement market and the companies to not only be licensed but also to carry bonds and insurance.
If you are interested in seeing what your life insurance policy is worth click our LIVEpdq link for a free confidential policy review of the life insurance policy now.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by The Policy Settlement Alliance on Mon, Aug 30, 2010 @ 07:50 PM
By John W Thompson
A viatical contract is not difficult at all to sell, but there are some things that a policy owner should be aware of when selling a contract. Unlike other contract sales a viatical contract, at this time, does not produce a taxable event.
The policy owner can expect to receive anywhere from 25 to 70% of the face value of the policy, the large discrepancy in returns is based on three factors: First, the life expectancy of the insured, the shorter the life expectancy the higher the offer. Second, the premium ration of the policy, the higher the cost the lower the return. Third the carrier, if the carrier rating in below an A- the policy is less likely to obtain high offers because of the risk the funder is taking on an underrated carrier.
The policy owner can sell a viatical contract to any funder that is licensed in their state using the help and guidance of a licensed life settlements or viatical settlement broker. If you are interested in selling you life insurance policy click our LIVEpdq link now for a free policy review.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by The Policy Settlement Alliance on Mon, Aug 30, 2010 @ 07:47 PM
By John W Thompson
The universal life settlement market grew stagnant for many policy owners during the fourth quarter of 2008 but as third quarter of 2010 has rolled around hope for policy owners is here. Those who want to participate in a universal life settlement are now seeing their policies being offered on an purchased.
The universal life settlement market is in a much better position now that his has been in at least a year. More life settlement funders are offering on more of the universal life and term conversion to universal life policies, unfortunately the same cannot be said of the variable settlement market.
If you have a universal life insurance policy that you no longer want or no longer need click our free LIVEpdq link today for a policy evaluation now.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by The Policy Settlement Alliance on Mon, Aug 30, 2010 @ 01:38 PM
By John W Thompson
A Texas life settlement may be the right thing for you during these tough economic times. Texas life settlement laws are pretty straight forward, you are eligible to sell your life insurance policy with our without the help of a licensed life settlement agent to a licensed life settlement company as long as your policy is at least two years old.
Just because you are able to participate in a Texas life settlement does not mean that you should. You have few different options which most life settlement providers do not tell you about. If you have a life insurance policy that you no longer want and no longer need then a life settlement may be the perfect answer for you and your finances, but what if the problem is that you can no longer afford it but you still need it. There is a settlement option for you as well.
If you need help with your Texas life settlement questions click our LIVEpdq link now for a free policy review and to have a knowledgeable agent contact you.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by The Policy Settlement Alliance on Mon, Aug 23, 2010 @ 02:42 PM
By John W Thompson
Viaticals Benefits can help those that are interested in doing a viatical settlement. Viaticals are a type of life settlement where the insured has a life expectancy of less than two years, regardless of age, due to catastrophic or terminal illness. You may be asking yourself why would I want to participate in viaticals if I don’t have that much longer to live. Some viatical benefits that our clients have experienced in the time that we have been working in the life settlement field are:
1. The policy owner is faced with large medical bills that need to be paid now to continue treatment for the insured.
2. The policy owner wants to designate where the death benefit goes before the death of the insured.
3. The policy owner wants to use the money to fulfill a lifelong dream of the insured prior to their demise.
If you are faced with the situation of having a loved one with a terminal illness and would like to see what viatical benefits might be available to you click our LIVEpdq link for a free policy evaluation.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.