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We do not buy
or sell
viatical or life settlement contracts
 To
Order Books
Click links
at the bottom
of the page
(not the actual cover)
   
In sympathy
with people
from 86 nations
who lost loved ones
on 9-11 | |
Quick Tips
for Viators
 | Are you holding back from
medical treatment? Because you think this will give you a larger Viatical Settlement? Don't. It won't, and
you may impair your health. |
Viatical providers take
into account Investigational New Drugs (INDs) when they price policies. Even if you never
took any and don't plan to, they expect viators will try anything that gives hope ... and
they price accordingly.
| Was your policy resold by
the viatical company? Unless the contract you signed obligates you to all
future investors, you have no obligation to these unknown entities. This is like selling a car: If you
sell the car to B and B resells it to C, you have no obligation to C.
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| Be sure to check with
your insurer to find out if your policy includes
Accelerated
Death Benefits. If so, and if you qualify, you will get much more money -- and
it will be paid faster. This applies to some group term life as well as individual
policies.
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| If you check with the insurer and speak to a
customer service representative who appears ignorant, ask for someone who is a decision maker (i.e., claims,
a vice president, etc.). Some companies will provide accelerated death benefits (also known as living
benefits), if they know your only alternative is to sell to a settlement company. These companies prefer to
help you, rather than add to the profits of settlement companies.
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| Don't apply to only one
viatical company -- even if the referral was made by your doctor, lawyer, insurance agent,
social worker, or credit union. If you ignore this advice, you're likely to get thousands
of dollars less.
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| Deal only with licensed
companies but be careful. Some licensed companies are disguises for companies
that cannot get approved for licenses. And some states give licenses to any
company that pays their fee -- with no investigation, no concern for charges
brought against them by other states, no concern for complaints filed by other sellers. To the best of our
knowledge, Virginia is the only state that fought a settlement company that underpaid a viator. |
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