Viatical Settlement Professionals, Inc. and Stephen M. Watson are licensed brokers of life and viatical settlements. If you meet certain underwriting criteria, you can sell your life insurance policy for cash and use the funds to…
Sell Your Life Insurance Policy with a Viatical Settlement
In the past, your only options were to cancel the policy and lose all you had invested, or turn it in for its low cash surrender value, if it had any.
The playing field has changed, and now some well-heeled financial institutions have capital devoted to the life and viatical settlement market. As a result, many clients are finding that their life insurance policy has taken on new value, and that policies can be sold for more than just their cash value.
You provide VSPI information about you and your policy
You provide VSPI information about you and your policy. We present your case to several financial institutions that are looking to purchase policies like yours. They make their best offers to compete for your business, and we relay the quotes to you. This stage is pure research. At no time are you under any obligation to sell your policy. The decision to sell — or not — is yours.
Your policy’s value is determined by factors that include prevailing interest rates, premium obligations, and your projected life expectancy.
If you sell, once an institution pays you cash, it assumes ownership of your policy and makes all future premium payments. It recoups its investment by receiving the policy’s death benefit at the time you pass away.
The life and viatical settlement industry is regulated in the vast majority of states. Both the buyer of the policy and the broker are required to be licensed to handle these transactions in the state where they’re completed.
VSPI and Stephen M. Watson are licensed in most states to handle both life and viatical settlements. Visit the Get Started page to see if your state is one of them.
Let VSPI help you receive maximum return on your investment in life insurance you no longer need. We are committed to Bringing Benefits to Life.