selling insurance policy
Selling Your Life Insurance Policy
Defining the Terms
A viatical settlement is the sale of a life insurance policy to a third party. The owner (viator) of the life insurance policy sells the policy for a percentage of the death benefit. The buyer becomes the new owner and/or beneficiary of the life insurance policy, pays all future premiums, and collects the death benefit of the policy when the insured dies. In the past consumers with a life-threatening illness have sold their insurance policies in return for immediate cash. A healthy person might also sell his life insurance policy to get cash.
A viatical settlement provider is the person or company that buys the life insurance policy from the viator.
The person or company who represents the seller and can shop for viatical offers is a viatical settlement... http://for-insurance.ucoz.com/news/selling_insurance_policy/2013-05-25-2439
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