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For those who haven’t yet heard of a viatical settlement (life settlement), it’s the sale of a person’s active life insurance policy for its cash surrender value, usually in the form of a lump sum. The buyer of the life insurance policy will then be responsible for the monthly premiums and receive the policy’s full benefits once the insured dies. The term “viatical settlement” is used to define settlements involving insured persons who are chronically or terminally ill. A chronic illness generally leads to the patient’s inability to perform two or more activities required to maintain a healthy life on
Why More Investors Are Interested in the Viatical Settlements Market
Ryan Yarbrough
from Feedster https://www.feedster.com/things-to-do-not-at-work/family/why-more-investors-are-interested-in-the-viatical-settlements-market/
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