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.
