Welcome to our Settlement FAQs page, where we provide answers to some of the most common questions related to life, and viatical settlements or senior life insurance in general. Our team of licensed agents has compiled this list of frequently asked questions to help you navigate the settlement process with confidence. Take a look at our FAQs and find the answers you need to make informed decisions about life or viatical settlements.
Life Settlement FAQ’s
Here are some common questions we get about life settlements.
What is a life settlement?
A life settlement is the sale of a life insurance policy to a third-party investor for a lump sum cash payment. Policyowners can work with a broker (fiduciary) or direct buyer to get an appraisal.
How does a life settlement work?
Who qualifies for a life settlement?
What types of life insurance policies can be sold for a life settlement?
Is a life settlement a good idea?
What are the benefits of a life settlement?
What is an alternative to a life settlement?
What are the risks associated with a life settlement?
How much do life settlements pay?
Are life settlements taxable?
How long does a life settlement take?
How can someone get started with a life settlement?
Viatical Settlement FAQ’s
Here are some common questions we get about viatical settlements.
What is a viatical settlement?
How does a viatical settlement work?
Who qualifies for a viatical settlement?
Is a viatical settlement a good idea?
Whether a viatical settlement is a good idea depends on an individual’s unique financial situation, and there are potential risks associated with selling a life insurance policy early.
How much do viatical settlements pay?
How long does a viatical settlement take?
Are viatical settlements taxable?
What is the difference between a viatical settlement and a life settlement?
What are the risks associated with viatical settlements?
What are the alternatives to a viatical settlement?
What is an example of a viatical settlement?
Are viatical settlements legal or ethical?
What is the life expectancy for viatical settlement?
Senior Life Insurance FAQ’s
Here are some common questions we get about senior life insurance.