Tapping The Value of
    Your Life Insurance Today
             Viaticus, Inc.

A FINANCIAL OPTION IN TIME OF NEED

Your company offers a cost-free employee benefit that will change the way you look at life insurance and help you protect against financial uncertainties in the future.

This benefit, called a "viatical settlement", enables individuals facing a severe chronic disease or life-threatening illness, such as cancer, to sell their life insurance policy for cash. Your company group life insurance policy already qualifies for a viatical settlement. It is also likely that any other policy you own may qualify. The money can be used for any purpose and in most circumstances is free of Federal income tax.
 

ANTICIPATING THE NEED TODAY

Each year, more than 2 million Americans are diagnosed with a life-threatening illness. Unfortunately, many of these individuals and their families will experience financial difficulties. While health insurance may pay for many medical expenses, most severely ill individuals will eventually no longer be able to work. Yet these same individuals are still responsible for non-reimbursable medical expenses, mortgage payments, car payments and other day-to-day living expenses.

While a life-threatening illness is not something you may want to contemplate, it is important to determine if you and your family will be financially secure in the event of such a circumstance. You have already started the planning process by saving and by purchasing life insurance. However, recent studies show that this may not be enough. According to the Journal of the American Medical Association, 33% of families depleted all or most of their life savings as a result of a life-threatening illness.
 

ANOTHER FINANCIAL OPTION

The viatical settlement option is not the only option available to individuals facing a life-threatening illness. Some life insurance policies feature a rider called an accelerated death benefit (ADB) which enables the policy holder to receive a cash "advance" of the policy's face value. This is not the same as a viatical settlement. The table below compares ADBs to Viatical Settlements.

As the table above illustrates, viatical settlements provide individuals with flexibility. Additionally, the viatical settlement benefit can be used to complement the ADB. For example, an individual may receive a cash advance on their policy, through the ADB option and sell the remaining death benefit.
 

LEARN MORE ABOUT THE SERVICE

We encourage you to take time today to consider how you might utilize this service, should you or your family ever need financial assistance.

Please e-mail us if you have any questions about this new employee benefit.
 

HOW THIS SERVICE WORKS

The process of selling a life insurance policy is simple and non-threatening. Experienced insurance and viatical professionals will guide you through every step of the process.

• If diagnosed with a life-threatening illness an individual may decide to sell all or part of their group or individual life insurance policy in order to acquire necessary funds.

• The process of applying for the Viatical Settlement benefit is simple and completely confidential.

• There are no interviews, just a single application form to complete. Once this form is completed, and the individual gives authority to proceed with the application, the life insurance policy and the medical records are obtained and reviewed.

• The amount paid for your life insurance policy is determined by several factors, including projected life expectancy and premium obligations. As a regulated industry, there are guidelines which have been established in order to ensure that individuals receive a fair price for their policies. These guidelines are established by the National Association of Insurance Commissioners (NAIC).

• Within an average period of 2-3 weeks, the application, the medical records, and the insurance policy are evaluated and a decision is made. At this point, an offer is tendered and the closing process starts and payment is made. As part of the closing, the following occurs: the company buying the policy becomes the beneficiary named on the life insurance policy; coverage is assigned to them; and, they assume the premium payment responsibility, if applicable.