Life settlements
If you're facing a serious illness, your life insurance may be able to provide cash while you need it most.
A viatical settlement is the sale of a life insurance policy by someone with a terminal or chronic illness. The buyer pays a lump sum now, takes over the premiums and receives the death benefit later. The money can go toward medical bills, care, living expenses, or time with family.
Life Settlements Now helps policyholders and families in Phoenix, Arizona understand whether a viatical settlement is an option. We handle a difficult conversation with care and explain every step clearly, so you can decide without pressure.
Symptoms
Viatical settlements are generally for people with a terminal illness or a chronic condition that significantly shortens life expectancy. A consultation can help you understand whether your circumstances may qualify.
Treatment, in-home care and lost income can strain a household quickly. A viatical settlement can turn a future death benefit into money available today.
If paying premiums is becoming hard during an illness, letting the policy lapse may mean walking away with nothing. Selling it may be a better alternative.
Viatical settlements raise questions about taxes, benefits and family plans. A conversation gives you time to understand the process and involve the people you trust.
Our process
We start with your goals and concerns at a pace that works for you and your family.
Buyers consider the policy's face amount, the premiums needed to keep it in force, and medical records that establish life expectancy. We explain what's needed and why, and your information is handled confidentially.
Presenting your policy to more than one buyer helps you see the strongest offer available.
You review any offer with your family and advisors. There's no obligation to accept, and everything is disclosed in writing before you sign.
Scope
We discuss the consultation and every next step with you directly, starting with your first call.
Request a consultationBoth are sales of a life insurance policy to a third party. A viatical settlement involves a policyholder with a terminal or chronic illness. A life settlement typically involves a senior, often 65 or older, who may be in good health.
Proceeds from a viatical settlement may qualify for favorable federal tax treatment when the insured is terminally or chronically ill, but it depends on your circumstances. Talk with a tax professional before accepting an offer.
A lump sum can affect eligibility for need-based programs such as Medicaid. We recommend reviewing this with a benefits advisor or elder law attorney as part of your decision.
No. The first conversation is for information. You can take the time you need and include family members or advisors before deciding anything.
Related services
Clear guidance for seniors and policyholders considering life settlements and alternatives to letting a policy lapse.
Clear guidance for understanding universal life policy options.
Clear guidance for understanding second-to-die life insurance and possible alternatives to surrender or lapse.
If you are considering surrendering a policy or allowing it to lapse, a consultation can help you understand life settlements and other available alternatives.
Life Settlements Now
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