Is Anyone Here Knowledgable About Viaticals?

As the term viaticals refer to the viaticals settlements is the sale of a policy owner's existing life insurance policy to a third party for more than its cash surrender value, but less than its net death benefit.Such a sale provides the policy owner with an lump sum. The third party becomes the new owner of the policy, pays the monthly premiums, and receives the full benefit of the policy when the insured dies.
 
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