Cash, Don't Trash, Your Life Insurance Policy
If you are age 65 or over, viatical settlements offer a smart alternative to canceling your life insurance policy. Instead of forfeiting your coverage, consider selling your policy for cash. This option can provide much-needed funds for medical expenses or retirement, enhancing your financial well-being.
Benefits of a Viatical Settlement
Here are seven positive reasons to consider selling your life insurance policy through a viatical settlement:
- Immediate Cash Access: Selling your policy provides quick cash that can be used for medical bills, debt repayment, or everyday expenses.
- Financial Flexibility: With the cash from a viatical settlement, you gain the flexibility to cover unexpected costs or invest in your retirement.
- Avoid Policy Lapses: Instead of letting your policy lapse or canceling it, a viatical settlement allows you to turn it into a valuable asset.
- Medical Expenses Coverage: If you’re facing high medical expenses, the cash from your settlement can help cover treatments, care, or home modifications.
- No Repayment Required: Unlike loans, funds from a viatical settlement do not need to be repaid, providing peace of mind.
- Customized Options: Viatical brokers can help tailor the sale to your needs, ensuring you get the best possible value for your policy.
- Simplified Process: Many viatical settlement companies streamline the process, making it easy to sell your policy without extensive paperwork or hassle.
Selling your life insurance policy through a viatical settlement can enhance your financial security, lower your expenses and provide much-needed cash during these challenging times.
Yes, I'm Interested in Cash for My Life Insurance Policy
A Viatical Settlement is an Ideal Solution for Thousands of Cash-strapped Life Insurance Policy Owners.
A viatical company (life settlement) will pay you cash for your life insurance policy. There is no catch. After reviewing your policy details and your health records, you will then be offered a cash payment for your policy. Of course, not every policy is eligible. Good news. You do not pay a dime to discover if your life insurance policy is eligible to be sold for cash.
Are You About to Toss Out Thousands of Dollars?
This found call occurred recently in my office. A long time life insurance client of mine phoned our office and said, "I want to cancel my life insurance policy. I don't really need the life insurance anymore as my kids are now grown. Also, the life insurance premium is definitely impacting my budget." We asked our client if he had ever heard of a viatical settlement or cash settlement. Not surprisingly, he had not heard of a viatical settlement. When informed that his policy may be worth thousands of dollars to a life settlement company, he was very interested. He quickly wanted to find out if his life insurance policy was eligible for a cash settlement. The great news is the answer was yes, he was eligible for a cash settlement. Our client was elated; especially because he was an inch away from not calling our office and simply thought of phoning the life insurance company directly to cancel his life insurance policy. Instead, he and his wife enjoyed a very nice cash settlement for his life insurance policy.
Unfortunately, many people cancel their life insurance policy not being aware they could qualify for a life settlement or viatical settlement.
Our office enjoys helping people discover whether their life insurance policy is eligible for a cash settlement.
Why Our Clients Trust Us.
With over 39 years in the insurance industry, Viatical Sarasota is well positioned to share our knowledge in the viatical settlement space. You will speak directly with the veteran-owned, company's founder when you call our office. We enjoy sharing our years of wisdom guiding our clients through the seamless viatical process.
Viatical Settlements: What You Need to Know.
If you're navigating options for life insurance, you may have come across the concept of a viatical settlement. A viatical life settlement may provide financial relief for individuals facing critical health or financial challenges by allowing them to sell their life insurance policy to a viatical settlement provider in exchange for a cash payout. A viatical settlement can be a viable option, especially when you need immediate funds due to illness, ongoing expenses, or changing financial goals. We welcome reviewing your life insurance policy to determine if a viatical settlement is an option.
Story Of Viatical Sarasota
Looking for a reliable viatical brokerage team to patiently respond to your questions and concerns? Look no further! Our veteran-owned company has been around for decades (Eagles Soar Enterprises, LLC), and we are excited to meet you and share our viatical settlement experience. We know how important it is to have an understanding of the benefits of a viatical settlement for you and your family. Our team of experts knows all the ins and outs of a viatical settlement and why it may be a terrific solution to provide a much-needed cash infusion for your family. Old fashioned values are what we take pride in when working with our clients. Interested to find out more? Give us a call today and see for yourself why we're respected, trusted and loved by our clients.
What is a Viatical Settlement?
A viatical settlement is the sale of a life insurance policy by the policyholder, known as the viator, to a third party for a lump sum, which is generally less than the policy's death benefit but more than its cash surrender value. The buyer then becomes the new policy owner and beneficiary and assumes responsibility for paying the policy premiums until the insured passes away. At that point, the viatical settlement purchaser receives the policy’s death benefit.
Viatical Settlement | Cash Settlement Explained.
At its core, a viatical settlement is a financial transaction that allows individuals facing life-threatening or chronic illnesses, or financial hardships, to access immediate funds by selling their life insurance policy. A viatical settlement agreement specifies the terms and conditions, including the sale price, the responsibilities of the viatical settlement provider, and the rights of the viator.
Why Choose a Viatical Settlement in Sarasota, FL?
There are several reasons someone might consider a life insurance viatical settlement with Tampa Viatical in Tampa, FL, including:
- Immediate Need for Cash: For those with terminal or chronic illnesses, the funds from a viatical life insurance sale can be used for medical treatments, debt relief, or to enjoy time with loved ones.
- Reduced Financial Burden: Term or whole life insurance policies may have premium payments that are difficult to maintain, especially when dealing with the additional costs of a serious illness. A viatical settlement removes the responsibility of future premium life insurance premium payments.
- Freedom to Use Funds: Unlike some other financial products, proceeds from a viatical settlement contract can be used however the seller chooses.
Viatical Settlement in Sarasota, FL
Getting Started
Step one is easy. Contact our offices today to review the smooth application process. No fees at all to see if your policy is eligible for a cash settlement.
A viatical settlement broker acts as an intermediary, helping policyholders find the best offer for their policy. When you work with a settlement broker, they’ll reach out to multiple viatical companies on your behalf, allowing you to evaluate offers from different viatical settlement companies. A life settlement broker is someone who can offer guidance and support throughout the transaction, making sure that you understand the terms of the viatical settlement transaction before you agree to proceed.
Trust Viatical Sarasota for an Experienced Viatical Settlement Agency
Choosing a viatical settlement provider is crucial. Reliable viatical insurance companies should be transparent, licensed, and able to provide clear details about your viatical settlement insurance options. Some reputable viatical life settlement companies offer policies that provide specialized assistance to individuals with specific medical conditions, which can help simplify the viatical assignment process.
Considerations and Alternatives to a Viatical Settlement
Before entering a viatical settlement transaction, it’s essential to weigh the potential benefits and drawbacks. For instance, although a viatical sale can provide immediate funds, it might reduce or eliminate any death benefit intended for heirs. If a traditional viatical policy doesn’t suit your needs, some may look into a life settlement viatical as an alternative, which often provides more flexibility for individuals who don’t meet the medical requirements for a viatical settlement. Life settlement viaticals generally pay less than a traditional viatical settlement.
Offering clients a cash payout for their life insurance policy through a viatical settlement is a wonderful alternative when compared to having your life insurance policy lapse. Our firm works with leading viatical settlement companies seeking the highest valuation (CASH) for your life insurance policy. As a viatical settlement broker, it is our firm's responsibility to work in your best interest to negotiate viatical settlement cash offers for your life insurance policy. Of course, if you are ineligible to receive a viatical settlement offer, you may elect to continue paying your current life insurance premiums or cancel your life policy.
Don't Take Our Word For It. Hear What Our Customers Say.
At Viatical Sarasota, we pride ourselves on providing top-notch customer service with an old fashioned focus on friendliness. We take pride in providing a profitable alternative for our clients than simply canceling their life insurance policy. Our clients say it better than we ever could!
"I contacted Viatical Sarasota recently to cancel my life insurance policy. I had owned the policy for many years and unfortunately, the life insurance premiums had become a financial burden on my budget. To my surprise I was introduced to a viatical settlement. Honestly, after hearing the details of a viatical settlement, the decision was very easy. Sometimes in life something that seems to be to good to be true is exactly true. My proceeds were tax-free to add icing to the cake. Thank you, again!" -- Robert G.
"Reviewing my monthly bills recently I decided I could no longer afford my life insurance policy. Thankfully, I found Viatical Sarasota online and was shocked when I might receive in cash for my life insurance policy. To think I was five minutes away from shredding my life insurance policy. The process is very smooth and easy. Viatical Sarasota personnel patiently explained the benefits of a viatical settlement with me. My questions were answered with respect each time. Appreciate your professionalism." -- Leslie T.
"Excited to share my experience with Viatical Sarasota. I recently had some medical issues with large medical bills. I decided to drop my life insurance policy to save money. A friend mentioned Viatical Sarasota and I was intrigued. I did some research and contacted Tampa Viatical to ask them if my life insurance policy was eligible for a cash payout. To my surprise I had multiple offers to purchase my life insurance policy. I am very grateful for all the help provided at Viatical Sarasota. Definitely will recommend them to my friends." - Mike S.