Viaticals - Do You Qualify For This Type Of Transaction?
Posted by The Policy Settlement Alliance on Fri, Jul 30, 2010 @ 06:15 PM
By Michael J Collins
Viaticals as we stated in previous blogs are used by individuals who are chronically ill, or terminally ill to pay for extended medical bills or end of life care. Yet, what requirements for viatical brokers are there? Viatical brokers tend to be the same type of broker that life settlement agreements use.
The method for selling a viaticals agreement is slightly more detailed. A broker will typically receive detailed health records on the policy holder which he will then hand to an independent assessment firm that will evaluate, based on health, how much the policy maybe worth. It will be then, that the selling price for the viatical settlement will be set.
In closing the key to dealing with a viatical broker is the same as dealing with a life settlement broker. You must have a full understanding of who that broker is and how they operate. Viaticals provide the needed financial security that ease the mind of the policy owner during these times. For a free policy review visit our LIVEpdq link today!
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