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If you or a loved one is terminally ill, you have probably given serious thought to your financial situation.
A viatical settlement is a lump sump of cash given to terminally ill people in exchange for the death benefits of their life insurance, and in some instances provides
an option to dealing with financial hardship during such a trying time. Viatical settlements may be attractive to a terminally ill patient due to the significant amount of money he may receive at settlement. |
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Typically, the purchaser of the life insurance pays a percentage of the patient's policy, and in return becomes the beneficiary of the policy. At this point, the investor is then responsible for making the payments associated with the insurance policy.
Upon the death of the patient, the investor receives the death benefit of the life insurance policy.
If the patient dies shortly thereafter, the investor makes a large amount of money. Conversely, if the patient lives for a long period of time, the investor will make less money, and even runs the risk of losing money should the patient live for an extended period of time. |
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Are viatical settlements a good idea? Like most things in life (and death it would appear), the answer depends on your personal situation and the specifics of the deal you are contemplating.
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If you are contemplating a viatical settlement transaction, please visit one of the links we have provided, or one of our advertisers to discuss viatical settlement purchase and sale options. Please note that we cannot verify the accuracy of the information you receive on any other website - though we do our best to deal only with the most reputable of firms, we can not guarantee any of the information you receive on any third party websites.
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