Viatical Settlements

Life settlements are the modern day successor to the former viatical settlements business, which emerged in the late 1980s and involved insureds with serious terminal illnesses, like AIDS, who sold their life insurance policies. The Viatical Settlements industry helps terminally ill people sell their whole life or universal life insurance policies for more than twice what their insurance company would give them. A Viatical Settlement is a method bywhich terminally ill people sell their life insurance policy to a third party at a discount.