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Viatical settlements allow people without life insurance beneficiaries (gay men, people without families or spouses, orphans) to sell their life insurance policy for cash value while they are still alive. These are not used very popularly but grew in frequency of request after the AIDS epidemic in the sixties.
What else can I help you with?
Where can one information about viatical life settlements?
One can find information on Viatical life settlements from these sources: Wikipedia, Insure U Online, Florida's Department of Financial Services, Maine Government, Viatical, Securities and Exchange Commission.
What does Viatical settlements mean to life insurance?
Viatical settlements, or life settlements, are done when people have a terminal illness. In such a case, the person will sell their life insurance policy to obtain ready to use cash.
Where can viatical insurance be purchased?
Viatical insurance does not exist. Viatical settlements can be bought from most insurance companies who deal with insurance. It is a settlement buying the life insurance so that an immediate sum of money is made available as a lump sum.
What should I know about viatical settlement providers?
You should be aware of how long it takes your viatical settlement provider to report to you the exact status of your particular investment. You should also be sure to find out how much your viatical settlement provider charges for their fees
How would one find a viatical settlement broker?
Someone looking for a viatical settlement broker can locate one by looking online. Also, someone could locate a viatical settlement broker by looking in their local paper for someone that can handle such a thing.
Who is the best viatical settlement provider?
Farming Hills is a great Viatical settlement provider. You can also try Peter Mazonas, Life Settlement Financial.
What are some good examples of tax settlements cases that I should have knowledge of?
Most tax settlements are not public record. Each cse is different consult with your accountant.
What is the connection between patients suffering from AIDS and viatical settlements?
A viatical settlement is the sale of a life insurance policy to a third party for more than its cash surrender value, but less than its death benefit. The policy owner gets a lump sum, while the third party gets the ownership of the policy, pays the monthly payments, and collects the full sum of money when the insured dies. During the 1980's, most victims of AIDS were gay men who did not have legal spouses or children. A viatical settlement allowed the insured to receive money during their lifetime while allowing them to name someone of their choosing as a beneficiary of the life insurance settlement.
Where can I find a viatical Settlement provider in Tampa, Florida?
IJ De Mio is the only Viatical Settlement Broker I can locate in Tampa, Florida. His offices are located in the Westshore Business District. The number - 813-404-3253.
What characteristic is shared by all insureds under policies that have been sold to viatical companies?
All insureds under policies sold to viatical companies are terminally ill. They have a life-threatening condition and are expected to have a limited life expectancy.
What were the names of some of the key settlements of the Neolithic age?
What were the names of some of the key settlements of the Neolithic age?
Why are Japanese urban areas good settlements?
Japanese urban areas are good settlements since they are fully developed. The infrastructure is in good shape but there is also the risk of congestion.
