Viatical Settlement

A viatical settlement could be a potential solution to financial distress which is all too often correlated to a terminal or chronic illness. A viatical settlement is when the terminally ill sell their life insurance policy to a third-party buyer of life insurance policies, for a cash settlement which is less than the death benefit. …See More

Life Settlement Broker Or Life Settlement Provider: The Financial Advisor’s Dilemma

Most Advisors rely on a life settlement broker to assist them in the sale of a life insurance policy, but some Advisors work directly with life insurance providers. Unlike with precious metals, stocks or bonds, there is no centralized exchange for Life Settlements. Every situation is unique because life insurance policies have different provisions, costs …See More

Florida Life Insurance Law Adds To Life Settlement Regulation

Life Insurance Companies in Florida can no longer suppress valuable information from Life Insurance policy owners. The Prohibited Insurance Acts Bill, or HB 1007, now forces Life Insurance companies to allow the disclosure of alternative options available to life insurance policy owners who are considering lapsing, surrendering, or canceling their Life Insurance policy.   The …See More

Can I Buy Life Insurance Policies from the Secondary Market?

Buying life insurance policies in the secondary market for insurance is not a suitable investment for most individual investors. Investors should only transact with someone who is licensed in viatical settlements. While the returns can be excellent, life settlements also carry significant risk. Suitable accredited investors include individuals with a high net worth and institutions with strong financial backing.