Viatical Life Settlement Process

For most, the viatical life settlement process will be unfamiliar. However, it is not difficult. This information should help you through the process. Viatical and life settlements are regulated state by state so treat this as a general guide line. You should consult with a qualified financial professional familiar with the regulations in your area.

Preparation: By reviewing the process beforehand you will make your quest for a better viatical settlement easier.

Eligibility and requirements for viatical and life settlements.

Review your viatical financial alternatives.

Get several quotes. Whether you are dealing with agents on your own or using a broker. Contact several agents licensed in your state. If you are using a broker have him show you all the quotes.

The money:
Confirm availability. The last thing you want is to have to wait weeks while the investor gets the money together. Use escrow services. Then you will know the money is on hand.

Request disclosures. Usually presented when you sign the contract. They will have information on alternatives and agent or broker responsibilities. Sometimes an agent will try to slip it by as, "Just another form you have to sign." This is one of those times you really should read everything you are signing.