Viatical Settlements

A Viatical Settlement and a Life Settlement are usually defined as being quite similar.  A Life Settlement and a Viatical Settlement are used as an alternative to lapsing, surrendering, or canceling a life insurance policy when a policy owner no longer needs or cannot afford a life insurance policy any longer.  These entail a financial transaction where the owner of a life insurance policy chooses to sell an unaffordable or unneeded policy to a third party for more than what the insurance company would give (cash surrender value), but less than the face value.  

Some states define a subtle difference between the two transactions, stating that a viatical settlement is the re-sale of a life insurance policy for insureds whom have severe health issues and are terminal or have less than two years left to live.  Furthermore, those states typically define a Life Settlement to be for those policy owners who have longer life expectancies of greater than two years, out to more than 20 years in some cases.  

We at Opulen Capital value our clients and work hard to dispel myth and promote transparency and information sharing throughout the industry.  A Life Settlement can be a vital part of an individual's overall financial picture and working with a team who values client integrity as of the utmost importance should be top priority in the Life Settlement Broker selection process. Our strong relationships with the secondary markets will yield maximum dollar value to our clients who opt to sell their life insurance policies.  Choose to work with Opulen Capital for your Life Settlement needs and call us today for a free consultation or contact here.