Life insurance twist: Policies that pay off--before death

Russell, Judi
March 1996
New Orleans CityBusiness (1994 to 2008);3/18/96, Vol. 16 Issue 37, p18
Reports on the introduction of a `viatical settlement', for insured terminally ill people, which allows them to sell their life insurance policy at a discount to a company. What happens to the policy when it is sold; When viatical settlements became effective; Regulations of the law in Louisiana; Comments from William Kelley, executive director of the Viatical Association of America. INSET: About viatical settlements..


Related Articles

  • Help for the terminally ill. Maldonado, Jose E. // Caribbean Business;2/29/1996, Vol. 24 Issue 8, p19 

    Reports that in Puerto Rico, persons suffering from terminally ill diseases, now have an option known as viatical settlement, which allows them to sell their life insurance policies to third parties. How the term viatical settlement was derived; How the settlement is handled; Remarks from...

  • Indianapolis life companies offer living-benefit riders. Feaver, Christopher // Indianapolis Business Journal;10/11/93, Vol. 14 Issue 28, Focus Insurance p5B 

    Reports on Indianapolis, Indiana-area life insurance companies' adoption of a policy which allows terminally ill policy holders to collect life insurance benefits. Indianapolis Life Insurance Co.'s `Caring for Today' program; State Life Insurance's living-benefits option; Possible taxability of...

  • Financial AIDS. Zicklin, Erik // Spy Magazine;Feb94, Vol. 8 Issue 4, p14 

    Provides information on death futures, an investment opportunity wherein a terminally-ill person sells his life-insurance policy to an investor at a lower price than the insured amount. Low risk due to protection state insurance departments offer to holders of life-insurance policies; Minimal...

  • Options available for terminally ill patients. Wira, Richard J. // San Diego Business Journal;4/3/95, Vol. 16 Issue 14, p26 

    Focuses on insurance options for terminally ill patients. Inclusion of a living benefit rider in group policies; Viatical settlements; Payouts; Factors to consider when purchasing a life insurance policy.

  • Avoiding the IRS' Grim Reaper. Langdon, Thomas P. // Best's Review / Life-Health Insurance Edition;Aug97, Vol. 98 Issue 4, p77 

    Discusses a tax benefit provided by Congress for terminally ill individuals who own life insurance policies. Federal Tax Code's provision on death benefits from life insurance policies; Significance of a viatical settlement to the value of a life insurance policy.

  • Hospice providers compete for terminally ill. Levin, Amanda // National Underwriter / Life & Health Financial Services;11/16/98, Vol. 102 Issue 46, p30 

    Reports that the financial viability of hospice care in the United States is being threatened as providers compete for terminally ill patients. Requirements of Medicare and private insurers for terminally ill patients before entering a hospice care; Uncertainty in longevity predictions.

  • Viaticals offer opportunities for investors--and scam artists. Wilkinson, Kaija // New Orleans CityBusiness (1994 to 2008);9/17/2001, Vol. 22 Issue 12 

    Focuses on the United States viatical industry. Opportunities for investors as well as for scam artists; Emergence of viatical companies in 1990 by purchasing the life insurance policies of terminally ill people; Accelerated death benefits; Forms of fraud.

  • Being There. Thompson, Helen // Advisor Today;Jul2007, Vol. 102 Issue 7, p16 

    The article presents a story related to selling life insurance. A terminally ill woman, who has less than a year to live, was able to acquire permanent whole life insurance. Her death benefits would give her a firm foundation of her daughter's upcoming marriage by accelerating the benefits for...

  • The terminally ill can cash before dying. Pandya, Mukul // Central New Jersey Business;7/26/95, Vol. 8 Issue 16, p6 

    Profiles Ardan Group and their business of buying life insurance policies from terminally-ill people. Boom of industry related to the AIDS growth; Policies and procedure; Death benefits programs; Risks. INSET: Where to find help..


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics