Viatical Settlement & Senior Viatical Life Settlement - Selling your life insurance policy
TOLL FREE: 800-832-7512
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Viatical Settlement & Senior Viatical Life Settlement - Selling your life insurance policy
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Life Insurance Settlements, Life Insurance Settlement Options Life Settlement / viatical settlement through Safe Harbor Funds, LLC is an arrangement where you receive cash from a viatical company for your life insurance policy. You are paid cash as consideration for transferring ownership rights to the future policy proceeds to the viatical company. There are basically four ways to effect a life insurance settlement (viatical or senior life settlement) on an insured with: 1) Chronic illness (Life Settlement) (emphysema, asthma, bronchitis, pneumonia, hyperlipidemia, diabetes, skin cancer rheumatoid arthritis, osteo arthritis, Alzheimer's): often the case with a senior citizen or elderly insured: life expectancy (LE) of 36 > 96 months: enter into a senior settlement and sell your life insurance policy to institutional investors through Safe Harbor Funds, LLC. 2) Terminal Illness (Viatical - cancer, AIDS): an insured - any age - with a life threatening illness, usually with a life expectancy (LE) of 18 > 36 months *(viatical and elder viatical), sell life insurance policy through Safe Harbor Funds, LLC. Note: caution should be used by people entering into a viatical settlement. Viaticals are sometimes purchased by viatical companies with different sources of funds than a senior settlement or life settlement. Added due diligence must be exercised by brokers to provide regulatory compliance and viator/investor protections. 3) Severe terminal illness (cancer, AIDS): Life expectancy (LE) less than *12 months or less (check your policy), submit an application for an "accelerated death benefit" to the life insurance company, receive payments that offset against the future death claim. Note: Not all life insurance policies provide options for an accelerated death benefit. In cases where the policy contract does not provide accelerated benefits, a traditional life insurance viatical settlement through Safe Harbor Funds, LLC can be completed. 4) Death of the insured: file a death claim directly with the life insurance company. * The word viatical has varied definitions throughout the different states, certain states define the sale of any life insurance policy by the policy owner to be a viatical, other states' statutes define viaticals but not senior settlements or life settlements, and yet other states' statutes define both viatical settlement and life settlement (senior settlement). Safe Harbor Funds, LLC uses only licensed viatical settlement companies More Information on Viaticals and Viatical Settlement Call TOLL FREE today at 800 832-7512 or click here
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