Do You Qualify For A Viatical Settlement?

Viatical settlements have strict eligibility requirements to keep both buyers and sellers safe. These include:

Health Status

Insured has been diagnosed with a terminal disease or chronic illness.

Health impairments—Policyholders must have been recently diagnosed with either a terminal disease or a chronic medical condition. Typically, the life expectancy cannot exceed two years. Policyholders in good health may still qualify for a life settlement.

Policy Size

Face amount of policy at least $100,000.00.

Value of the policy—Qualified policies have a minimum face amount of $100,000.00.  In most cases, policies under $100K in face value are not eligible.

Policy Age

Policy must be in force at least two years.

Policy in force for two years—Policyholders must own their life insurance policy for more than two years.  Some states require policies be held for a five year period before qualifying for a settlement.

Policyholders that do not qualify for a viatical settlement may still be able to sell a life insurance policy using a life settlement.  Use a viatical settlement calculator to determine whether you qualify for viatical settlements.

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  • Viatical settlement vs. life settlement: whats the difference?
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  • Alternatives to viatical settlements and more!

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