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What is a Viatical Settlement?

A viatical settlement is a financial transaction in which a lump sum cash payment is made to the owner of a life insurance policy in exchange for the sale of ownership and beneficiary rights to the life insurance policy. Typically, this term is used for transactions involving only terminally ill insureds who have a life expectancy of less than 24 months. For those insureds, the viatical settlement proceeds may be considered tax-free. The viatical settlement option allows policy owners to use the proceeds of the sale to help pay for medical bills, living expenses or anything else they choose.

Viatical Settlement Regulation

Viatical settlements are regulated in most state jurisdictions by the Department of Insurance. Typically, viatical settlement laws fall under the same legislation as life settlements. Anyone presenting themselves as a viatical settlement broker or buyer must be properly licensed or authorized by the Department of Insurance in the home state of the policyholder.

Welcome Funds is a Licensed Viatical Settlement Broker

Welcome Funds has been helping viatical settlement clients secure offers from the viatical market since 2000. We are authorized throughout the nation to represent life insurance policyholders as their viatical settlement broker. Our experienced team will work closely with the policyholder, their family, and advisors to ensure that the best price has been secured from the viatical settlement market. Welcome Funds will prepare all of the appropriate documentation required to solicit official offers from viatical settlement providers. We then submit the files to our auction platform where these state licensed viatical settlement funds compete to purchase viatical settlement policies. It's fast, easy, and free to determine if you or your loved one is eligible for a viatical settlement.

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