Sometimes, people have a life insurance policy, but life changes. Maybe they need money now, or paying the insurance is hard. Viatical settlements can help. But what are they, and how do they work? Understanding this can help people make smart choices about their life insurance.

A viatical settlement broker may not be the best option to facilitate the sale of your existing life insurance in a life settlement in every case.  Sometimes, buyers avoid making offers on policies they’ve seen from multiple sources.

When faced with the high costs of assisted living or long-term care, families often struggle to remain financially stable.  Fortunately, many have an asset that can be used to cover the costs that they may have never even thought about.  Selling life insurance policy for cash in a life settlement or Medicaid life settlement can provide funds when needed the most.