Viatical settlements offer large payments if you're willing to give up the future value of your life insurance policy. This unique financial arrangement has gained popularity in recent years as a way for terminally ill individuals to access funds quickly. A viatical settlement is an arrangement in which an individual life insurance policy owner (called the “viator”) who is terminally or chronically ill sells the policy to a third party for a cash payment. This payment is typically a percentage of the policy's face value, providing the viator with much-needed financial relief during a difficult time.
Investing in Life Settlements (Viaticals) can be a profitable endeavor for those willing to take on the risks involved. Sticking it to the insurance companies, under this deal, the insured is happy, his broker is happy, and the investor who buys the policy is happy. The portfolio of Life Settlements in MPG's High Protection Fund have an average Risk Rating of A+ from AM Best. High Protection Fund delivers consistent returns to investors who are looking for alternative investment opportunities.
Viatical settlements provide a way for terminally ill adults to receive an immediate return on their life insurance policy. The policyholder sells their policy to a third party for a lump sum payment, allowing them to access funds to cover medical expenses or other needs. Are you looking to get cash from your life insurance? Our roundup of the best life settlement companies is based on reputation, fees, payout, and more. These companies can help guide you through the viatical settlement process and ensure you receive a fair offer for your policy.