利用者:Settlement901

When you sell a life insurance policy to get cash now, it's referred to as a viatical. What happens is a third party buyer will invest in the policy from the individual who is insured (which is called a viator). Before a sale takes place, the buyer and the seller are required to come to an agreement on specifically what is being sold and for how much. It is most common to see viaticals come about when the viator is likely to not live much longer. The time they have left may be anywhere from a few months to several years, but whatever the time, a doctor has to diagnose and verify it. In these cases, the person who is insured (viator) usually is not in any shape to work and therefore, will most likely not have a lot of income coming in. This is why they turn to viaticals. They are able to sell their policy and receive a helpful sum of cash for it now to spend however they see fit. They will not get the full amount of the insurance policy though. The average they will receive is 60 to 80 percent. Good news though is that is normally tax free. To learn more about viaticals and how they can be of benefit, click here.