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Life Settlements are NOT Viaticals

Wednesday, June 4, 2008 at 4:06 PM Posted by Dan Williams

Life Settlement (LS) vs Viatical (V)


(LS) Insured is 65 years or older (V) Insured has a terminal illness

(LS) Life expectancy longer than 3 years (V) Life expectancy typically less than 3 years

(LS) No terminal illnesses (V) Insured suffers from chronic or catastrophic condition

(LS) No chronic or catastrophic conditions (V) No age requirements

(LS) Average face value of policies are $1 - $2 million (V) Policy face value is typically smaller

(LS) Institutional capital (V) Can be regulated differently than life settlements

(LS) Regulations settlements (V) Can be private pools of money

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1 comments:

Carole Fiedler, Innovative Settlements (R)

June 6, 2008 at 12:40 PM

Good job, Dan. I made a few minor but important additions. Carole

Life Settlement (LS) vs Viatical (V) – Definitions revised just a bit


(LS) Insured is 65 years or older (V) Insured has a terminal illness (24 months or less) and can be any age.

(LS) Life expectancy longer than 3 years (V) Life expectancy typically less than 3 years

(LS) No terminal illnesses (V) Insured suffers from chronic, terminal or catastrophic condition

(LS) No chronic or catastrophic conditions (V) No age requirements

(LS) Average face value of policies are $1 - $2 million and not less than $250K
(V) Policy face value is typically smaller but not less than $100K

(LS) Institutional capital (V) Institutional and private investor capital.

(LS) Limited regulation but numerous States are currently working on this
(V) More States have regulations on the books currently.

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