Viatical

What is a Viatical settlement? In a viatical settlement, an existing life insurance policy is sold by the current policy owner to an investor for cash.   To be considered a viatical settlement rather than a life settlement, the insured is terminally ill, usually with a life expectancy of fewer than two years.   An investor purchases the beneficiary and ownership rights to the policy and will take over policy costs.   In return, the policy owner receives cash now. What is a Viatical Investment? Investing in an existing insurance policy insuring the life of a terminally ill individual is a viatical investment .   You are purchasing the rights to the death benefit of a policy and taking over policy costs in a transaction referred to as a viatical settlement.   This type of investment often yields a higher rate of return than many other investments although you will not receive this return until the insured passes away.   Not everyone can invest in viatica...