Why Time Matters in a Viatical Settlement

When someone is facing a serious illness, time is one of the most valuable things they have. In a viatical settlement, timing also has a direct impact on the options available — and the cash offer you may receive.

Viatical settlement buyers evaluate policies based in part on the insured's life expectancy. In general, a shorter life expectancy means a higher offer as a percentage of the policy's face value. However, waiting too long can create complications — including a policy lapse, a change in policy terms, or a health decline that affects eligibility.

There is also the practical reality that the process takes time. From initial policy review to receiving a cash payment typically takes several weeks. Starting the process earlier gives you more time to evaluate offers without pressure.

Many families wait until a financial crisis forces the issue. By that point, options may be more limited. Starting a free policy review now — even if you are not ready to make a decision — means you will know exactly what your options are when the time comes.

Call Jack Davis at Eagles Soar Enterprises — 727.735.3200 — for a free, confidential policy review. There is no obligation, and knowing your options costs nothing.