Health Insurance
Auto Insurance
Life Insurance
Dental Insurance
Travel Insurance
Home Insurance
Pet Insurance
Long Term Care
Disability Insurance
Farmers Insurance
Motorcycle Ins.
Business Insurance
Renters Insurance
Title Insurance
Cobra Insurance
Mortgage Insurance
Estate Planning
Annuities
Medicare Supplement
Flood Insurance
Earthquake Insurance
Liability Insurance
Mobile Home Insurance
Pre-Paid Legal
Viatical Settlements
Apartment Buildings
Car Insurance
Group Health
Term Life Insurance
Insurance Quotes
Insurance Leads

  Insurance Links
Insurance Links
Insurance Agencies
Insurance Articles
Department of Insurance
Insurance Rating
Insurance Company
Insurance Newsletter
Site Map

Although the Viatical industry is fairly new, individuals have been selling or trading their ownership and beneficiary rights in life insurance since the very beginning of the insurance industry. This, however, was a relatively unknown practice until the AIDS epidemic heightened in the late 1980's. As policy holders stricken with the disease learned that there was a living value to life insurance, the Viatical Settlement Industry was born.

As the viatical industry slowly gained recognition, individuals with other life-threatening illnesses began to realize the immediate benefits of selling their life insurance policy. Although outsiders saw the viatical industry as"morbid," the sellers, or viators as they are called, thought is was a savior, a way to live the remainder of life with dignity and financial stability, while also having the option to choose medical treatments not covered by their health insurance.

The financial community finally began to acknowledge the viability of viatical life settlements when the Health Insurance Portability and Accountability Act of 1996 was enacted on January 1, 1997. This made the proceeds of viatical settlements tax-free for terminally ill insureds and certain chronically ill individuals.

Viaticals & Life Settlements - The financial benefits to policy owners are far too great to be ignored:

• Lump-sum cash settlements that exceed the cash surrender value when a policy is unwanted, unneeded, or has become a financial burden;



• Profits realized from term policies that would have otherwise lapsed due to high conversion costs;



• Cash infusion when income is limited, relieving financial stress and providing further medical options, when otherwise impossible;



• Capital generated from a poorly performing policy to fund joint survivor coverage, long-term care insurance, or other investments.

For more information on viatical settlements (click here).