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Viaticals Articles

 

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Life settlements have become increasingly popular in the last few years. More and more people are realizing that their life insurance policies may have outlived their usefulness and can be turned into an asset as a part of good financial planning. Are life settlements a good idea for you? To make that decision you first need to understand exactly what it is and the general rules for who benefits most from it.

This article is about selling your life insurance policy if need be.

A Life Insurance Settlement is the sales of a life insurance policy to a third party in exchange for a cash settlement in excess of the cash surrender value of policy - even if none exists! This is also called as Life settlement, Insurance settlement or Senior settlement.

 
 
 

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