Do you know the market value of your life insurance policy? You may have a large asset available as cash to you right now. A Viatical settlement is when an insured policy holder receives cash based on the value of the life insurance policy value.
The policy is sold to a third party and the insured receives proceeds. There are certain cash benefit values to each policy for settlement information. With the advent of new financial and insurance technology, the amount of life insurance wealthy individuals can purchase usually exceeds the amount their beneficiaries require. The insured can profit during their lifetime, if this "excess" is managed properly. The availability of a secondary market for life insurance policies ( life settlements ), is what makes this possible.
Life Option Case Studies - examples of viatical cash settlement amounts A 75 year old man with term life insurance taken out many years ago was going to let the policy lapse. The insurance was no longer needed for the family protection it was originially intended for. Instead he sold the issue through a life option settlement and received $98,000 cash.
Transfer life insurance - sell life policy, cash sell - Classified Ad
Monday, September 27, 2010
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