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What is the difference between Life Settlements and Viatical Settlements?

Life Settlement and Viatical Related Definitions

Life Settlement and Viatical Settlement qualifications




Requirements

In order for policies to qualify for a Life or Viatical Settlement we generally require that the following guidelines be met:
  • The insured is age 60+ or terminal
  • The policy has been in force for two or more years
  • The policy is for $100,000 or more
  • Minimum loans on the policy (less than 30% of Face Amount)
  • Low Premiums (less than 6% a year of the Face Amount)
  • Surrender Values less than 40%

Application

Click on your state below to download the correct application. It only takes a few minutes to complete and we take care of everything else. There is no cost to apply and you are under no obligation to sell your policy. Once you finish the application, choose one of three options to return it:
  • Email: scan and attach it to Submit@AtAge60.com
  • Fax it to: (703) 319-0922
  • Mail it to: Settlement Funding LLC
                    1714 Tyvale Ct.
                    Vienna, VA 22182

Click on your state to download the appropriate forms to apply today


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Call Settlement Funding LLC today at (877) 282-4360 to speak with one of our Purchasing Specialists at your convenience, email us your questions, or request a quote.

What's the Process?

Step 1: Settlement application and medical/insurance release forms are completed, signed and returned.

Step 2: Medical records and insurance illustrations are ordered.

Step 3: Once records are received (usually 30 days), case is submitted to all eligible funding sources.

Step 4: Negotiation phase.

Step 5: Life Settlement offer accepted. Documents finalized and executed.

Step 6: Policy assigned to new owner. Monies transferred to a licensed escrow agent and released. A 15-day rescission period applies in most states.