I have been selling auto insurance for the last couple of years, and want to make a career change. I have heard the viatical life insurance business is very lucrative (buying existing policies).
How would one go about getting into this field? Is it as lucrative as I may have been told? Do you know of any specific companies in the Los Angeles area that may hire a new agent?
Answer: It was very lucrative about 5 years ago. Now that there are so many people in the field, it is not so lucrative. And in order to do it right, you need a good amount of resources.
I Purchased 5 Viatical Life Insurance Policies And I Would Like Some Contact To Inquire About Sellin Them.?
Question by Edward T | Posted in Insurance
My net cost is $99,000 and matured value is $131,000. Will negotiate for one or all five.
Answer: Individually owned viaticals are incredibly risky. The only way to do it is to have a large enough pool with accurate risk assessments. Try going to Credit Suisse or one of the large purchasers to unload this. If you can get the insureds re-examined, that might help immensely.
Does Anyone Know Anything Apout VIATICAL Or LIFE SETTLEMENT Programs???
Question by curious | Posted in Insurance
One of my relatives is a 75 year old retired MD and has
been approached by a group that says if he will take out
a 10milllion dollar life insurance policy on himself that they
will loan him the money to make the first 2 premium payments
and at the end of the 2nd year sell the insurance policy for
a profit and he will make 1.5 million dollars.
this just sounds too good to be true but the company says
that another retired doctor has already purchased
Answer: I believe you answered your own question in the fourth paragraph. There are times when a viatical settlement is a good thing but most of those companies are borderline scam artists.
Who Is Making Money In The Life Settlement Market And How??
Question by curious | Posted in Insurance
I understand the the life settlement/viatical industry started out
when aids caused those afflicted with the condition to sell their
life insurance policies to either use or enjoy a percentage of the
death benefit while still alive.
and since convenience always has a cost--people like warren
buffet and others with vision and available operating capital
would buy large bundles of these policies at a discount and
make a profit upon the death of the
Answer: I almost ignored this question without knowing why you were asking. I get it now. Unfortunately, the life settlement market was really developed in a sophisticated enough environment so that everyone involved could wash their hands. That just means it'll be more of a challenge for your guy to find legal fault. Am I getting warm?
Finance firms are big, investor firms are huge, brokers and BGA's are sometimes gullible when money is involved, and insurance companies occasionally know more than they let on to their re-insurers.
If you were local, I'd say "let's do lunch", how about email me? I'll help you find a niche.
How Does One Go About Becoming A Viatical Investor?
Question by Sonny M | Posted in Investing
Are there companies that specialize in buying viaticals (life insurance policies), and how does one become an investor in one of these companies, and what companies are there out there looking for investors?
Life Insurance Settlement from www.FreeLifeKit.com
Information about life insurance settlement, viatical settlement and selling your life insurance policy. www.FreeLifeKit.com. LifeGuardian is a ...
Selling Life Insurance Policies for Instant Cash: Senior ...
Life settlements are when policyholders sell their life insurance for less than the policy face value but more than the cash value that the insurance company would pay. Benefits of Life or Viatical Settlements Typically seniors age 65 or over with a life expectancy from 3 to 18 years, sellers receive an immediate cash payment when they sell their life insurance policies to a third party. A viatical settlement is a life settlement when the life insured has a chronic or terminal illness like final-stage lung cancer. Often life insurance premiums rise dramatically after age 65, so original policyholders can save a significant amount of money in premiums otherwise paid to insurance companies. Economist magazine estimates that the U. S. market for selling life insurance policies to third-parties for cash has grown to US$19 billion....
Another example of this process was the development of "viaticals". These were insurance policies that had been taken out earlier in their lives by people who were dying of Aids. The lifeinsurance policies of these dying patients were valuable – so a
Welcome to the world of viatical industry, a legitimate offspring of free-for-all capitalism. Your employer may also collect a large sum of cash if you die of any cause, work related or not, because companies can take out life insurance policies on
In the viaticals and “life settlement” industries, investors buy the life insurance policies of the sick and elderly in the hope that they will die sooner rather than later. Investment banks are busy bundling such policies into securities known as
These include so-called "dead peasants insurance", whereby corporations take out policies on the life of their employees, originally without their consent; and the investment index of "viatical" insurance policies, whereby the investor buys at a
Subsequently, the Ontario Securities Commission (OSC) ruling, which has also been obtained by Tribune Business, detailed how the New Life group's business was in the viatical and life insurance settlement industry. The group purportedly acquired life
Another example of this process was the development of "viaticals". These were 
In the viaticals and “life settlement” industries, investors buy the life insurance policies of the sick and elderly in the hope that they will die sooner rather than later. Investment banks are busy bundling such policies into securities known as