Viatical Settlement.
Receive cash for your life insurance policy.
FAQ's - Frequently Asked Questions
What is the fee?
There is no fee to review your life insurance policy's eligibility for a cash buyout. The life settlement broker is paid by the insurance carrier. The insurance policyholder has zero out-of-pocket expenses.
Do I have to take a medical exam?
No. The life insurance carrier will review your life insurance policy and your medical history to determine if you will receive a cash settlement offer.
How long does the process take to complete?
Often you will receive an offer or a "no offer" in about 30 days. It depends on how fast your personal doctor provides the required medical history data. Once an offer is provided, and you accept the offer and complete the paperwork, it will take about six weeks on average to receive your cash payment.
What ages are eligible for a viatical settlement?
You must be age 65 or over to apply for a cash settlement.
What is the minimum face amount of life insurance eligible for a cash settlement?
Policy must have a death benefit of $100,000 or higher.
Are all types of life insurance policies eligible for a viatical or cash settlement?
No. The viatical or life settlement insurance carrier will request a copy of your life insurance policy to determine if you are eligible for a cash settlement.
Are there any risks for me to have my policy reviewed to determine it's cash value?
No risk at all. The viatical settlement company will analyze your current policy, your recent medical history and offer a cash buyout or not. Not all policies are eligible for a cash buyout.
