LYCOS RETRIEVER 
Viatical Settlement
built 263 days ago
Viatical Settlements are an excellent tool for the educated consumer who wants to maximize the value for their current life insurance policy. Please use the information and links here to learn about this great tool and how it can benefit you and your loved ones.
Source:
Viatical Settlement involves the sale of a life insurance policy to an investor. A Viatical settlement is usually carried out by the terminally ill - those who face penury by the cost of maintenance alone, those who expect to live not longer than two years. That being said, a Viatical settlement is purely a financial transaction. The viator, the one selling the life insurance, sells the policy at a discounted price of the death benefit of the policy and is provided with immediate cash settlement. This usually helps in paying the medical bills of the aged person.
Source:
Viatical Settlements gives you more control of your financial well-being. The money you receive now will contribute to the way of life you may have once dreamed of. Why not take a moment to fill in the information to the right. There is no cost or obligation.
Source:
In the past year, Lloyd's of London launched contingency insurance coverage for viatical settlements that meet certain criteria -- a front-loaded add-on sold at 5 percent of the policy's face value. This stop-loss option states if the owner survives 24 months beyond the anticipated maturity date, Lloyds pays the investor. The timing is too recent to offer claims history, so your decision hinges solely on your risk tolerance, according to Page.
Source:
Viatical settlement license applicants will incur expenses in the form of application, examination and processing fees. The cost of these fees are as follows an application fee $1,000; license fee of $75.00; an application processing fee of $20.00; and a fingerprint processing fee of $49.00. Additionally, viatical settlement providers will ... be required to deposit securities valued at $100,000 with the Commissioner in satisfaction of a financial accountability requirement. These costs are reasonable and necessary to defray the costs associated with the implementation of the Act and the fees and financial accountability deposit are authorized by the Act. Viatical settlement license applicants may incur additional cost in order to comply with the maintaining of records and reporting requirements of these rules. These cost will vary from applicant to applicant depending on the resources they have available.
Source:
A co-worker at the New Hampshire Association for the Blind introduced Evanell Trow to the viatical settlement concept. In 10 years, this friend had earned nearly $500,000 from an initial $100,000 stake.
Source:
MORE ABOUT
Viatical Settlement