Viatical Settlement Broker: A person or company that offers or attempts viatic billing between a Viator and a viatic billing provider. There are a few basic rules for thinking that you need to follow before investing in viatic billing: from an investment point of view, viatic billing can be extremely risky. Performance is unknown because it is impossible to know when someone is going to die. If you invest in a viatic colony, you speculate on death. The longer the life expectancy, the more expensive the police. However, because of the current value of money (TVM), the longer the person lives, the lower the return. People who do not face a health crisis may also choose to sell their life insurance to get cash, which is commonly referred to as the life count. A life count is different from a viatic billing by the lengthening of the life expectancy of the insured. In a viatic count, the life expectancy of the insured is usually two years or less. When a life insurance taker is considering life insurance, they should first consider all available options to get the money they need. There may be a better way to use life insurance.
Viatical Settlement Provider: a company that enters into several viatic transaction contracts with Viators. The supplier arranges such comparisons between Viators and one or more investors. Viatical Settlement Contract: A written agreement between a viatical settlement provider and a Viator setting out the conditions under which the supplier pays the Viator and the Viator`s retraction rights. The purchaser of a viatic settlement pays the seller a lump sum payment in cash and pays all future premiums that remain in life insurance. The buyer becomes the sole beneficiary and cashes the entire policy if the original owner dies. There are several points to note before opting for either a viatic subdivision or a life count: viatic bills allow life insurance owners to sell their policies to investors. Investors buy the complete policy or part of it at a price less than the death money of the policy. The investor`s return depends on when the seller dies. The yield will be lower if the seller exceeds his or her estimated life expectancy.