Posted by The Policy Settlement Alliance on Fri, Aug 13, 2010 @ 05:09 PM
By: Richard S. Bernstein
If you’re alive and sick you should think about an insurance viatical settlement.
If you have a life threatening illness such as cancer or a disease where you have only a few years left you should think about getting an insurance viatical settlement. The money you get for your policy will help improve the quality of your life.
If you are running short on cash due to mounting medical bills and are no longer able to work, an insurance viatical settlement might be the right thing for you to do. The extra money will help ease your concerns of running out of money and help ensure you get the proper care.
You may also take the money from the viatical settlement and buy something for yourself that you have always wanted. Whatever you choose to do with the funds, it will help improve the quality of your life.
To learn more about a viatical settlement and how it may benefit you, please click the LIVEpdq.
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, Jul 07, 2010 @ 10:58 AM
by Paul K Arbo
An involves the sale of a life insurance policy, on an insured who is terminally ill, to a third party. What the insured gets today in an Insurance Viatical Settlement is cash, and what they give up in the future is the cost to continue paying premiums and the right to designate the beneficiary of the death benefit. In an Insurance Viatical Settlement the Buyer assumes the obligation to pay premiums until the death of the insured in exchange for the right to name themselves as the beneficiary. To determine the Fair Market Value of a policy in an Insurance Viatical Settlement is as much art as it is science. The broker for the Seller needs to present an underwriter with the salient facts to determine a projected cost to keep coverage in force until the death of the insured; the lower the cost the higher the potential $ worth of the policy. In order to get an honest, and quick, estimate of the value of a particular Insurance Viatical Settlement I always go to the following link; LIVEpdq
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by Alice Hood on Tue, Jun 29, 2010 @ 12:44 PM
By John W Thompson
A life insurance viatical settlement
in most ways begins the same as all other life settlements. Below are the steps that need to be taken in beginning a life insurance viatical settlement:
1. Find a reputable broker.
2. Fill out settlement application giving information about your life insurance policy.
3. Sign a HIPAA giving the broker the right to obtain and review your medical records as well as contact the life insurance carrier on your behalf to request required illustrations on your policy.
4. You may need to contact your doctors to help expedite the retrieval of your medical records- this happens on rare occasions when doctor’s offices have a long wait time for medical record copies.
5. Life expectancies purchased by broker- these are the determining factor in establishing that you are indeed a life insurance viatical settlement. It must state that your life expectancy is 24 months or less.
Once the steps above are complete your policy can be evaluated to see if there is a market for your policy. Generally speaking when working with a life insurance viatical settlement most policies will sell, it is just a matter of what you as the policy owner will accept for your life insurance policy.
Click our Livepdq link today so that we can help you with your life insurance viatical settlement now.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by Alice Hood on Tue, Jun 29, 2010 @ 12:44 PM
By John W Thompson
A life insurance viatical settlement
is the sale of a life insurance policy to a third party when the insured has a terminal illness with less than twenty-four (24) months to live. The third part will pay the owner of the policy a percentage of the death benefit and then take over premium payments until the demise of the insured.
A life insurance viatical settlement is not the only option for a terminally ill individual; they also have the option of accessing some of the death benefit from the insurance company. In order to do this the policy owner must contact the insurance company to find out what they require and how much they can receive of the death benefit as the amount that they can access is company and policy dependent. It is important to note that the premium may still need to be paid by the owner until the demise of the insured. At the demise of the insured the beneficiary of the policy received the remainder of the death benefit.
A life insurance viatical settlement may not be your only option; that is why it is important to have an experienced agent to help you work through all your options. Click our Livepdq
link today so that we can get started helping you with your life insurance viatical settlement, life insurance or annuity needs now.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by Alice Hood on Mon, Jun 28, 2010 @ 07:16 PM
By Ronald E. Ritter
The insurance viatical settlement
is just one tool in the insurance specialist’s tool box. To qualify for an insurance viatical settlement one has to have a current life insurance policy and have been diagnosed with a terminal illness giving the individual 24 months or less to live. Often times, when it comes down to it, the individual has excessive medical bills or needs the money to live on. Usually these policies will yield a significant return.
The way it works is due to the time value of money, when someone becomes terminally ill the policy that would have paid at a later date is going to pay out sooner. This effect creates a situation where the payout is coming much earlier than the original expense of the policy was figured at.
Different states have different laws when it comes to an insurance viatical settlement and a well seasoned professional can guide you through the difficult process.
To find out if you qualify go to livepdq.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by Alice Hood on Mon, Jun 28, 2010 @ 05:32 PM
by Paul K Arbo
An insurance viatical settlement is the sale of an existing life insurance policy on an insured who has a terminal illness - with a life expectancy of two years or less - to a third party. There are various reasons someone would enter into an insurance viatical settlement but they typically all boil down to money: the insured cannot afford to pay the premiums to keep coverage in force until they pass away. Typically their circumstances have changed and they would prefer to sell their policy via an insurance viatical settlement to generate cash for living expenses rather than sell other assets which might be family heirlooms they wish to pass down to future generations or illiquid assets which currently have a depressed value now but may become more valuable in time ex. real estate. Regardless of the reason, an insurance viatical transaction is a very important transaction which requires a great deal of expertise in order to achieve the best result for the Seller - the highest $ price. To determine whether the price a third party might pay to buy a contract is worth looking further into, an easy way to get an estimate of the value of an insurance viatical transaction is to complete a brief questionnaire here: LIVEpdq
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by Alice Hood on Mon, Jun 28, 2010 @ 02:48 PM
by Paul K Arbo
An insurance viatical settlement involves the sale of a life insurance policy, which insures someone who has been diagnosed with a terminal illness, to a third party while the insured is still alive. While an insurance viatical settlement might sound morbid or unethical, it can actually be a godsend to some people who have no other means to support themselves during their final days. An entire industry has developed to address the liquidity needs of terminally ill people to assist them with their quality of life. An insurance viatical settlement can often mean the difference between forgoing expensive treatment and/or therapies due to limited funds and having access to high quality medical care and residential facilities for a more dignified lifestyle. The issue many terminally ill insureds struggle with is whether it is worthwhile to pursue this type of transaction or try and save the life insurance death benefits for their heirs. The best way to determine if a viatical transaction is worth considering is to get an estimated value by spending a couple of minutes answering some questions about the life insurance policy here: LIVEpdq
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by Alice Hood on Fri, Jun 25, 2010 @ 02:35 PM
By Amie M Wirth
A life insurance viatical settlement is something that may be a good idea for you to look into if you are a policy owner on a life insurance policy where the insured has a catastrophic or terminal illness and their life expectancy is less than two years.
Imagine you find out that you, or the insured on a life insurance policy where you are the owner, is terminally ill and you have things that you have always wanted to do but you couldn’t because of the financial responsibilities that you had. In doing some research you find out that you can receive between 50 and 70% of the death benefit of your life insurance policy now by doing a life insurance viatical settlement. What would you do? How do you know if it is the right thing for you and your estate?
We are here to help you figure out if participating in a life insurance viatical settlement is right for you.
Click our Livepdq link today and get honest answers about all your life settlement, life insurance and annuity needs now.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by Alice Hood on Fri, Jun 25, 2010 @ 02:34 PM
By Amie M Wirth
Let’s start by explaining what a life insurance viatical settlement
is, quite simply it is the sale of the ownership of a life insurance policy to a third party where the insured has a life expectancy of less than 24 months due to catastrophic or terminal illness.
Then, why you ask, would someone want to sell a policy on someone who is going to pass in less than two years. There is not any one reason why someone would do a life insurance viatical settlement, but a few reason may be, they cannot afford to keep paying the premium on the policy, they do not want to have more control over who receives the death benefit and how they receive it, or they want to use the money for themselves for something that they want or need.
By participating in a life insurance viatical settlement the policy owner will receive a portion of the death benefit now to do with as they wish prior to the demise of the insured and without the expense of paying for additional premiums.
Click our Livepdq
link now so that we can help you get started today with and of your settlement needs or any needs that you have with life insurance or annuities.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.