Life Settlements

A viatical settlement is the sale of a life insurance policy by the policy owner, before the policy matures. Viatical or Life Settlements provides the seller with an lump sum cash payment. Viatical settlements can be granted to insured individuals with a life expectancy of less than two years. Life Settlements are similar to Viatical Settlements but include insured individuals with longer expected life terms.

In any case, selling your life insurance policy has become a legitimate way of getting compensated for the value of your policy with upfront cash. Depending on your financial situation, a viatical settlement or life settlement may be right for you.