Frequently Asked Questions About Viaticals


1. Do I have to pay premiums after I sell my policy?
    No, you no longer have to make any premium payments.

2. Are there any fees or costs to me?
    No, there are no costs to you at all.

3. Once I submit an appraisal form do I have to accept the offers?
    No, our appraisal process is non binding to our clients.

4. What types of life insurance policies qualify?
    All types of life insurance qualify including term and whole life.

5. What is the minimum amount of life insurance that can be sold?
    Policies need to have a minimum face amount of $50,000.

6. How long do I need to own the life insurance policy before I can sell it?
    2 years

7. Does it matter who owns the life insurance policy?
    No, the policy can be owned by the insured, a family member, a friend, trust,   
    corporation, or charity.

8. Do my beneficiaries get the life insurance proceeds when I pass?
    No, when you complete a viatical settlement, you are selling the rights to your
    life insurance policy.

9. Do I have to take a medical exam?
    If you have a question you do not see here, you can complete our question form
    or call us at 1.800.622.7079


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