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Viatical Settlement Broker
A viatical settlement broker is a person or entity who on behalf of a viator and for a fee, commission or other valuable consideration, offers or attempts to negotiate viatical settlements between a viator and one or more viatical settlement providers. The viator is the owner of a policy insuring the life of an individual who has a catastrophic, life-threatening or chronic illness or condition.
Regulations concerning licensing and conduct of viatical settlement brokers, providers and representatives may be found under your state's Insurance regulations.
Viatical Broker Process
Your viatical broker will review the information and ask an independent medical expert to assess your medical condition and life expectancy.
The broker will then send all the information to various viatical providers who buy insurance policies as a business. Each provider will assess all the information and make an offer, which will be a percentage of the face value of the policy.
Your viatical broker will then relay the best offer to you, and perhaps give you an idea of the range of lower offers as a point of comparison.
If you accept the offer, you�ll be asked to sign legal documents, including:
• A Purchase and Sale Agreement
• Life insurance policy change forms
• Beneficiary Waivers
You can expect payment within days of closing the sales transaction.
If you have a bad experience with a viatical settlement broker or provider, contact your state�s Department of Insurance to file a complaint.
Life Settlement Pro
Life Settlement Pro has over 32 years of Insurance experience. We affliate with the top brokers in the viatical business. Not only will we work hard to achieve the highest viatical setttlement amount, we will conduct the settlement with honesty, confidentiality and professionalism.
For the largest life settlements and viatical settlements remember Life Settlement Pro! Don't forget to request a Free Information Packet of our Life Settlement & Viatical Settlement Solutions! Whether you're looking for a life insurance settlement, senior settlement, senior life settlement, or any kind of settlement, Life Settlement Pro has the perfect solution for you.
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