Viatical settlements were first introduced in the early 1980's as a way to help chronically ill individuals gain access to money by selling their personal life insurance policy to a third party in return for a percentage of the face amount of the policy.  After the policy is sold, you no longer have to make premium payments and no longer have any responsibilities to the life insurance policy.

There are many reason to consider viatical settlements.  The mains ones are:

- To enhance quality of life
- To pay for current medical treatments
- To pay medical bills
- To pay for daily expenses
- To eliminate out-of-control debt
- If the policy is about to lapse.

People often ask why someone would want to do a viatical? Well when someone needs to obtain funds to cover the cost of living and medical expenses, they consider what assets can I sell? Instead of selling your home or your car, selling your life insurance policy will not affect your life . Instead a viatical settlement will provide a large portion of your death benefit now and also save you from having to make anymore premium payments.

Now that you are familiar with what viatical settlements are all about why not find out how Lyons Ward & Associates LLC. can make this idea into a reality for you and your family. Learn about our viatical broker services and get started on your viatical settlement.

Feel free to contact us anytime for a free no-risk consultation email us today