viatical settlements

Posted: Thu Jan 15, 2009 08:46 am Post Subject:

You may be interested to invest with a different individual's life insurance policy. A viatical settlement is an agreement that offers you this opportunity. You may acquire whole or a portion of the policy at a cost that would be lower than the worth of the accumulated policy benefits. This death benefit would be yours upon the death of the policy holder.

Posted: Thu Jan 15, 2009 10:03 am Post Subject:

Viatical settlement is a risky investment since the insured may live past the life expectancy and you may end up paying premium to keep the policy alive. However, if the insured dies before reaching the maturity age of the policy you would get the entire death benefit.

Posted: Thu Jan 15, 2009 11:07 am Post Subject:

Although the viatical settlement contracts are on a rise because of the lower price at which you can get insurance , you need to do your due diligence so that you don't end up as a viatical settlement victim. If you truly intend to go for a viatical settlement , then make sure that it's not a wet-ink policy and that the benefits are not being overstated by the insurer.Often, the insurer inflates the benefits of such a policy to get a better bargain.So it's better to doubly verify every aspect of the insurance and more so because this was originally customized for some other person.