Viatical Settlements:   (Life Insurance Death Benefits / Accelerated Benefits) Terminally ill patients can gain access to their life insurance death benefits via a lumpsum of cash now, when the need is greatest. Viatical:  The term viatical comes from the Latin work "viaticum."  It refers to the money and supplies given to a traveler in preparation for a long journey. Viator:  A terminally ill person who sells his/her life insurance policy to receive immediate funds. If you, or someone you love, has been diagnosed with a terminal illness, you do not need the added burden of financial distress. Yet, so many individuals who are living with a terminal illness find that money problems keep them from enjoying the time that they have left. A life insurance policy can be an extremely valuable financial asset, which may enable you to use your death benefits now, during your lifetime.  By selling a life insurance policy, a person with a terminal illness may be able to enjoy their remaining time in relative comfort.  For many people, this can mean the difference between merely surviving and living well. Since the inception of viatical settlements, the insurance industry has begun to recognize the need for terminally ill patients to access their money before death occurs.  Prompted by the work of viatical companies, many insurance companies are now offering "accelerated benefits", which is the term for obtaining cash payments, or "living benefits" from the insurance company which issued the life insurance policy.   This was a huge step forward by the insurance industry toward being more sensitive to the needs of the terminally ill person. However, accelerated benefits are not available from many companies. And, if they are, there may be severe limitations in accessing these benefits, such as requirements that the insured be confined to a nursing home, or that the life expectancy be six to twelve months, or less.  In these situations, viatical settlements may offer an answer by providing options for receiving cash at this critical time. Generally, a viatical settlement can offer cash equalling 50% to 80% of the face value of the policy.  Variables that affect the purchase price include many factors such as medical diagnosis, and life expectancy, among others. The process is made as easy as possible and steps are taken to ensure confidentiality and to safeguard your privacy.  Time before funding after completing an application is usually 3 to 6 weeks. Recent changes in Congress have granted favorable tax treatment for payments received from viatical settlements. Providing certain conditions are met, these payments are not subject to federal income tax. Of course, it is important to consult an attorney or tax advisor before entering into a viatical settlement. To receive a free quote on your payments please visit our Get a Quote page.  Fill out the information requested and we will have a quote back to you soon.  Or, should you want to talk to us personally, you may call us at 1-888-5FUNDME.

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