What is a Viatical Settlement? A viatical settlement is a financial transaction in which a person sells their life insurance policy to a third-party buyer in exchange for a lump sum cash payment. This transaction typically happens when the policyholder has medical concerns, financial concerns or does not need their life insurance policy anymore. Did you know that 98% of life insurance policies lapse and ONLY 2% are sold for cash? Insured must be age 65+, the death benefit on life insurance policy must be at least $100,000. Free policy review to determine eligibility. Too often a client, as they aged, are not able to afford their life insurance premium. Often, they have health concerns, or their finances are strained. A viatical settlement allows a person to sell their life insurance policy for cash. Of course, not every policy is eligible. There is no fee to see if your policy is eligible for a cash payout. We welcome your questions. Over 38 years in the insurance industry.