What is Viatical Fraud

Fraud shows itself in many forms. Misrepresenting an insured person as terminally ill in order to sell a life insurance policy is a textbook example.

An additional example of what a viatical settlement broker or settlement finance company means by "anti-fraud" policies  might be, for example, a life insurance policy applicant failing to admit intention to sell the policy not even underwritten and issued by the insurance company yet.

A physician providing false medical records as to an illness, thus affecting a life settlement cost-versus-buying price calculation by a bank or pension fund interested in buying is yet another example of fraud a life settlement broker must monitor to avoid trouble.

Opulen Capital's position is straightforward: numerous studies, including a report published by the Wharton School of Business at the University of Pennsylvania in 2002, believe the life settlement and viatical life insurance settlement provide a great service to policy owners.

Opulen oversees proper logistics in every transaction and has never been subject to any claims of wrongdoing, which speaks volumes for a financial services and brokerage industry fueled by earning opportunity.