About

Viatical Settlement Company

If you’ve been diagnosed with a terminal illness and own a life insurance policy, a viatical settlement company may be able to help you access its value before the death benefit is paid. A viatical settlement allows qualifying policy owners to sell their life insurance policy for a lump sum cash payment that can be used for medical expenses, living costs, debt, or any other financial need.

Settlement Group is a licensed viatical settlement provider that has been helping policy owners for more than 20 years. We are licensed in 38 states and Washington, D.C. As a licensed provider, we work directly with qualifying policy owners, coordinate the transaction, and pay policy owners at closing.

What Does a Viatical Settlement Company Do?

A viatical settlement company assists eligible policy owners who have been diagnosed with a terminal illness and want to sell their life insurance policy for cash.

The company reviews the policy, gathers the necessary medical and policy information with your authorization, evaluates eligibility, presents an offer when appropriate, coordinates the required paperwork, and completes the transaction.

A viatical settlement company generally:

Reviews your life insurance policy to determine whether it may qualify
Collects medical and policy information with your authorization
Evaluates the policy and supporting medical information
Presents a cash offer if the policy qualifies
Coordinates the required paperwork
Completes the transaction and pays you at closing

Who Qualifies for a Viatical Settlement?

While every case is different, viatical settlements are generally available to policy owners who:

Have a life expectancy of two years or less
Own a life insurance policy that meets eligibility requirements
Need access to cash during treatment or end-of-life care

Many permanent life insurance policies qualify, and some term life insurance policies may also be eligible depending on the policy and individual circumstances.

How Is a Viatical Settlement Different from a Life Settlement?

Although the two terms are sometimes confused, they serve different purposes.

A viatical settlement is designed for policy owners whose insured has a life expectancy of two years or less. These transactions allow qualifying policy owners to sell their life insurance policy for a lump sum cash payment while the insured is still living.

A life settlement is for policy owners who no longer need or want their life insurance coverage because of age, changing financial circumstances, or estate planning needs. Unlike a viatical settlement, a terminal diagnosis is not required.

In many cases, proceeds from a qualifying viatical settlement are not subject to federal income tax, while the tax treatment of a life settlement may be different. Because every situation is unique, it’s important to consult a qualified tax professional regarding your specific circumstances.

What Is the Difference Between a Viatical Settlement Provider and a Broker?

A viatical settlement provider works directly with the policy owner to complete the viatical settlement transaction. The provider reviews the policy, arranges funding, prepares the transaction documents, coordinates the ownership transfer, and pays the policy owner at closing.

Viatical settlement brokers represent the policy owner and seek offers from licensed providers in exchange for compensation. In many cases, broker fees can significantly reduce the amount ultimately received by the policy owner.

Settlement Group is a licensed viatical settlement provider. We work directly with qualifying policy owners throughout the transaction, from the initial policy review through closing.

Why Work with a Licensed Viatical Settlement Company?

Working with an experienced, licensed viatical settlement company provides important protections throughout the transaction.

A reputable company should:

Explain the viatical settlement process clearly
Answer your questions honestly
Obtain your written authorization before requesting medical records
Protect your confidential medical and personal information
Provide the disclosures required by state law
Coordinate the required documentation
Keep you informed throughout the transaction

Choosing a licensed viatical settlement company can give you greater confidence throughout the process.

Why Choose Settlement Group?

Settlement Group is a licensed viatical settlement provider that works directly with qualifying policy owners throughout the transaction. From your initial policy review through closing, our team coordinates the process, answers your questions, and keeps you informed every step of the way.

We understand that many people exploring a viatical settlement are facing significant medical and financial challenges. Our goal is to make the process as straightforward as possible while treating every policy owner with professionalism, respect, and compassion.

Find Out if You Qualify

If you have a life expectancy of two years or less and own a life insurance policy, a viatical settlement may provide immediate access to cash while you’re still living.

Settlement Group can review your policy and explain whether you may qualify for a viatical settlement based on your individual circumstances.