"Viatical"-- an odd word, hmm?
Odder, still, that few people know anything
about Viatical or Life Settlements.
Most of what you read or hear
is from sales promoters.
Most of it is untrue.
Information presented here
is based on original research by
Gloria Grening Wolk, MSW
author of the only consumer advocacy books on Viatical Settlements:
Ca$h for the Final Days: A Financial Guide for the Terminally Ill and
their Advisors (1997)
An Investor's Guide (1998)
Principles & Practice
and the new
Viatical & Life Settlements: An
Ralph Nader had this to say
about Ca$h for the Final Days:
"Until this book
there was no guide for the terminally ill and their loved ones through the maze of the
Viatical Settlement industry; no way to maximize the cash going to the ill person;
no help in making the decision whether to use Viatical Settlements at all; no discussion
of other options for cash available to a very ill person."
Why Insureds (sellers) Need This Information:
The internet has tens of dozens of ads from viatical and life settlement providers.
Most of these companies are not licensed, and it is dangerous to deal with them. Seniors are a new target for
fraud--as sellers of policies.
Why Investors Need This Information:
The Internet has tens of dozens of ads from companies eager to sell you viatical & life settlement
No federal agency regulates this investment; states are just beginning to do so.
Investors are completely on their own -- and have lost in excess of one billion
dollars in the
short life of this industry.
To learn more, Enter