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Viatical Settlement & Senior Viatical Life Settlement - Selling your life insurance policy
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Viatical and Viatical Settlement Viatical - viatical settlement is the sale of a life insurance policy insuring the life of an individual suffering from a terminal illness. Viatical Settlements provides cash to the policy owner. Policy owners viaticate - enter into a viatical settlement when they sell your life insurance policies for cash through a viatical settlement to get immediate income. Viatical settlement (viaticals) result in a lump sum cash settlement based on the discounted future value of the life insurance policy. *Most life insurance policies insuring the terminally ill lend themselves to viatication. The life expectancy of the insured (LE), combined with the insurance premiums required to keep the policy in force are the primary determinants enabling you to sell your life insurance policy. Because some life insurance policies offer an "accelerated benefit", as policy owner, you should check your insurance policy contract carefully for the availability of this *option when deciding to sell your life insurance policy through a viatical life settlement. More Information on Viaticals and Viatical Settlement: Depending on the state of residence of the policy owner, the sale of any life insurance policy after the policy has been issued by the insurance company *may be deemed a viatical settlement. The definition of viatical and viatical settlement vary by State Insurance Regulations.
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