The Viatical Marketplace is an industry that provides a secondary option for life insurance policy owners. In this marketplace, viatical settlement providers (investors) offer policy owners a lump sum of cash in exchange for the ownership of their life insurance policies. The investors then assume responsibility for all future premium payments until the policy reaches maturity. Upon maturity, the investors directly collect the net death benefit from the life insurance company.

Traditionally, the term "viatical" referred to transactions involving terminally or chronically ill insured individuals. However, many states have expanded their laws to encompass transactions involving insured individuals of any age and any medical condition within this definition.

At Welcome Funds, we specialize in the viatical marketplace, assisting policy owners in navigating this secondary option for their life insurance policies. Contact us today to explore the potential benefits and considerations of viatical settlements and discover how we can help you make informed decisions about your life insurance coverage.

Typically, this term is used for transactions involving only terminally ill or chronically ill Insureds; however many states have begun to adapt their existing laws to cover all transactions with Insureds of any age and any conditions under this definition.

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