VIATICAL & LIFE SETTLEMENTS CONSUMER INFO

for Prudent Sellers and Investors

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viatical or life settlement contracts

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(not the actual cover)

False Claims
by Viatical Investment Companies

The following are typical of false claims. They were taken from an existing web site. 

#1: "While returns of 15-20% are typical for investors, policies can sometrebuchet ms result in more spectacular profits - Wall Street Journal, 1994"

The Truth: The Wall St. Journal never said this. It was a quote printed in the Wall Street Journal. The person quoted was principal of a viatical company.

#2: "The New York trebuchet ms has estimated the Viatical and Senior Settlement Industry to reach $1 billion this year. The federal government projects that this industry will soon reach $20 billion dollars."

The Truth: The New York trebuchet ms did not make this estimate -- again, it was quoting a source within the industry.  No agency of the federal government has not made any such projections. 

#3: "When an investor purchases a Viatical or Senior Settlement they become the irrevocable beneficiary of the policy, which is freely assignable by the owner. Viatical investments can be TAX FREE to the investor, as well as the insured, according to a 1996 federal law (HIPAA Public Law 104-191)."