A viatical settlement is the sale of a life insurance policy by the policy owner before the policy matures. Such a sale, at a price discounted from the face amount of the policy but usually in excess of the premiums paid or current cash surrender value, provides the seller an immediate cash settlement. Similar to reverse mortgages, viatical settlements involve insured individuals with a life expectancy of less than five years. In countries with high health care costs (such as the United States), this is a practical way to pay extremely high health insurance premiums and other senior care expenses that severely ill people face. Some people are also familiar with life settlements, which are similar transactions but involve insureds with longer life expectancies (two to fifteen years). - From Wikipedia and other sources 5/2007SecureLifeSettlements.com Offers New Tools to Help Seniors Obtain Life Settlements
(PRWEB) November 8, 2006 -- Secure Life Settlements today announced the launch of several improvements to its site, located at www.securelifesettlements.com, which will ensure that seniors who want to sell their life insurance will receive the maximum amount of cash for their life insurance policy.
The Policy Calculator helps senior citizens determine the estimated life settlement that could be obtained by selling a life insurance policy. A life settlement is the sale of a life insurance policy that results in a cash payment to the policyholder larger than the cash surrender value of the policy.
Investors often buy life insurance policies in order to balance out their investment portfolios. These investors are willing to pay much more for a life policy than the insurance company offers as the surrender value. In fact, they pay an average of three or four times as much. This can mean the difference between tens of thousands and hundreds of thousands of dollars.
SecureLifeSettlements.com now provides the tools and information that senior citizens need when trying to make an informed decision about their financial futures. Many seniors are considering new sources of income as they struggle to pay for care home living, prescription drug costs or the daily expenses of living alone.
About Secure Life Settlements
Secure Life Settlements ™ is a top rated Viatical and life settlement company for seniors who have a life insurance policy they would like to sell. Viatical and Life Settlements ensure that seniors who want to sell their Life insurance receive the maximum amount of cash for their life insurance policy, through Secure Life Settlements™. Get the Maximum Cash for your Policy through Secure Life Settlements™ today! For more information, visit www.securelifesettlements.com.
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