Topic: Viatical Insurance
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Answers to Common Questions
If somone wanted to "buy" viaticals (life insurance policies), ho...
There are a large number of Companies that purchase Viaticals and Life Settlements. The best thing to do is search the internet under both Viaticals and Life Settlements and look for the term "Funders". That is the industry term for financi... Read More »
Source: http://answers.yahoo.com/question/index?qid=20061222132251AAx6qlq
Who Needs Viatical Settlement Insurance?
People should be very careful when considering the sale of their Life Insurance policy, and they should remember a sale of their Life Insurance means some group of strangers now owns a contract on their life. If a senior finds it difficult ... Read More »
Source: http://www.einsurance.com/life-insurance/viatical-settlement-life...
Who Buys Life Insurance Policies for Viatical Settlements?
Registered companies and speculative investors usually are the buyers of life insurance policies in the form of viatical settlements. The policies thus purchased are also referred to as Death Bonds as the investment fructifies only when the... Read More »
Source: http://www.ira.com/viatical-settlements
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Viatical Insurance
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Answers to Other Common Questions
A "lifetime settlement" is a means of "selling" a life insurance policy to a third party investor in lieu of cancelling the policy in return for its cash surrender value. Although this arrangement must be entered into cautiously, and it cer...
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Source: http://www.rkcraiglaw.com/faq.html
The viator signs a form to make an absolute assignment of the policy. Absolute assignment means all ownership rights are transferred to the buyer. The form is sent to the insurance company which will notify you and the buyer when the assign...
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Source: http://www.fcfg.org/faq.html
There are two business models currently used by life settlement investors to determine life expectancy. The most common approach is to send the medical records of the insured to one or more medical underwriting companies or “LE providers” w...
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Source: http://www.legacybenefits.com/life_settlement_viatical/viatical_i...