which he said was the nation's first institutionally funded and publicly held viatical settlement company
One way to defraud the investor is to sell a viatical knowing that the insured lied about his or her health condition when applying for the policy, as did one Florida viatical settlement company
The most remarkable aspect of this business is its tremendous cash negativity," said Banks, who has guided Viaticus since its beginnings as a pioneering viatical settlement company
within CNA Financial in 1994, and recreated it in 1998 to pursue a radically different line of business.
To determine the life expectancy of the viator, the viatical settlement company
has a board of physicians evaluate the person's illness, basing their findings on medical records, laboratory reports and current actuarial tables.
4) The viatical settlement company
may then hold the policy, sell the policy to an individual investor, or pool the policy with others and sell fractions of the pool to investors.
In the first possible event, the insured irrevocably assigns his life insurance policy to a Viatical settlement company
in consideration of a payment of an accelerated death benefit by the company (not the company that issued the policy).
In addition, these new rules also apply to the sale or assignment of a terminally or chronically ill individual's life insurance policy to a qualified viatical settlement company
(one that typically purchases those policies for a percentage of face value).
is the nation's oldest and largest viatical settlement company
is a seasoned viatical settlement company
, whose sales and marketing plan's and name recognition have been firmly established since its formation in 1992.
Page & Associates is a Fort Lauderdale-based viatical settlement company
that buys life insurance policies from terminally ill patients.
a viatical settlement company
and Private Mortgage Bankers, Inc.
For the past four years, Mutual Benefits Corporation, the country's leading viatical settlement company
, has donated and helped to raise hundreds of thousands of dollars and has provided hundreds of volunteer hours to CenterOne, Broward County's oldest and largest not-for-profit AIDS service and education agency.