Life Settlements, often called Viatical Settlements, can create immediate cash if you are living with a life-threatening illness. A Viatical Settlement offers a unique opportunity to receive money for much needed medical expenses, alternative treatments, travel, daily living expenses, fulfill wishes or dreams, etc.
A Viatical Settlement is the process whereby a person with a life-threatening illness can turn an existing life insurance policy into cash through the transfer of ownership and beneficial rights of the policy. The seller receives a lump sum payment which is a percentage of the total face value of the policy.
Through a Viatical or Life Settlement, the seller is able to access a dormant asset, their own life insurance policy, and turn it into cash when they need it most. This transaction has been in existence since the dawn of the life insurance industry. It was a little known transaction that usually took place among family members to help a relative who needed money because of a life-threatening illness. During the mid 1980's and 1990's, the AIDS epidemic expanded the Viatical industry and was a godsend to AIDS sufferers who had no where to turn for financial assistance.
In recent years the viatical industry has expanded to all life-threatening illnesses. People suffering from cancer, ALS or other life-threatening illnesses are able to sell their life insurance policies, relieve financial stress and live out their lives with financial dignity.
Asset Funding Corp. is committed to providing efficient and professional service while maintaining a compassionate and sincere concern for your particular needs and circumstances. We understand a Life Settlement is an important financial decision and AFC works with you and your financial, legal and insurance advisors to help you meet your present financial needs.
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Call 800-542-9513 or email us today for more information on how to turn your life insurance policy into cash!