A: Viatical settlements have existed almost as long as the insurance industry itself. It wasn't until recently, with the advent of the AIDS epidemic, that companies began to offer them to the public. Before the epidemic people could only arrange viatical settlements privately between family and friends. The "viatical industry" as it's known today began in about 1988.
Q: Are they legal?
A: Yes, the United States Supreme Court ruled that life insurance is a form of personal property and should be freely transferable. In the case Grigsby vs. Russell, the ruling permits the insured to dispose of their human life value with the same freedom they may exercise in the disposing of their property at death.
Q: Do Viaticals protect me from adverse investment conditions?
A: Yes, Viaticlas are based on a fixed return which is completely independent from any investment conditions.
Q: Do viatical investments entail any risk?
A: Your Principal and interest are Guranteed and backed by an "A" rated insurance company. The only risk is if the terminally ill lived beyond his life expectancy. Lets say they lived 5 years, 42% total return divied by 5 years is still an 8.6% return. Here's One of the safeguards We have for You. "At 36 months if the policy hasn't matured, You may opt to surrender. You will receive your orginal investment plus 15% simple interest." (5% per Annum)
Q: What is the difference between a "non-contestable" and "contestable" policy? "We Only purchase Non-Contestable policies."
A: A non-contestable life insurance policy is one which has passed the contestable period, generally two years from the date of issue. In this instance, under any circumstance, an insurance company must honor the beneficiary claim. A contestable policy is one which matures within the contestable period. Under certain conditions an insurance company may contest the beneficiary claim.
Q. How do I know when my Investment Policy Matures?
A. Through a sophisticated tracking system, Financial Federated Title and Trust, will keep you apprised regarding the status of each policy you have purchased. You will be promptly notified when the life insurance policy matures.
Q. I've never heard of this Insurance Company?
A. Rest assured that to protect your investment we only consider life insurance companies
that are rated "A" or better by AM's Best
Q. Can Retirement Funds be Invested?
A. Yes. You can use IRAs, SEPs, 401K, Keough, and Pension Plans.
Q. How soon can I start helping?
A. --TODAY!
--Viatical investing provides attractive returns.
--The question is not IF I will be paid, but WHEN!
--The need for Viatical Settlements is expected to surpass $4 billion dollars by the millennium.
