Viatical Settlements
"People with limited life expectancies often face significant financial difficulties brought on by the rising medical costs and loss of income. Viatical Settlements enable them to sell their life insurance policy and use the proceeds to preserve their financial security."
- Trusts & Estates
Individuals have been selling or trading their ownership of life insurance policies since the very beginning of the insurance industry. This, however, was a relatively unknown practice until the AIDS epidemic heightened in the late 1980's. As insured's stricken with the disease learned that there was a living value to life insurance, the Viatical Settlement Industry was born.
After a decade of industry growth, legislation and regulation, viaticals have become an important financial option to many terminally-ill individuals. By selling a policy, many of these policy owners can ease the financial burdens brought on by increased medical costs and compensate for a loss of income due to illness.
Benefits to policy owners/insureds
- Relief of monthly premium expenses.
- Settlement income may Be tax-free.
- Immediate cash to ease financial burdens.
- Additional money to compensate for loss of income.
- Funds to seek treatments not covered by health insurance.
- Funds to pay off debts now, instead of burdening family members in the future.
Why choose welcome funds inc.?
Welcome Funds Inc. is an authorized and registered Viatical & Life Settlement Broker. As an authorized broker, it is our responsibility to negotiate with registered providers to maximize settlement offers for each and every client.
- Only one application is required to receive multiple offers from the top providers in the industry!
- We represent the best interests of the policy owner and insured during the entire life insurance settlement transaction.
- There are never any fees to apply and there is absolutely no obligation to accept an offer from any of our funding sources.
- It is our goal to provide a quick, professional and hassle-free settlement process.
- All personal information obtained during the application process is strictly confidential.
By choosing to work with a broker to negotiate offers on your behalf, you have only one point of contact to follow up with regarding your application status. In addition, your physicians and insurance company will only be contacted by one firm. It is quite common for medical records staff and customer service representatives to become overwhelmed and inconvenienced by multiple requests for the same information, which translates into considerable delays in the underwriting process.
How do we work for the policy owner?
The following brief, hypothetical example illustrates the negotiation process we experience during most Viatical Settlement transactions:
Insured |
Female - Age fifty four (54) |
Original Offers: |
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Negotiation Phase: |
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Final Offers: |
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Purchase Price |
$76,000 |
As you can see, the offers made by Viatical Settlement providers can vary greatly. There is absolutely no benefit if you work with only one provider - or even three for that matter. In this case, Provider # 6 raised their bid by six percent (6%) during the negotiation process.
The Broker's Power of Negotiation Yields Higher Offers.
What Is The Next Step?
- Learn more about Life Settlement Process.
- Review the qualification requirements for a Life Settlement.
- Read the most frequently asked questions on Life Settlements.
- Analyze the tax implications of a Life Settlement.
- Examine some recent Life Settlement Case Studies.
- Request our Free Educational Package or visit our Download Center!