Supporting Yourself During A Severe Illness

Have you ever asked yourself “Why would I sell my life insurance policy”?  It is a fair question to ask, especially if one is unfamiliar with the concept of life insurance policies; these are known as viatical settlements.  A viatical settlement is when one ends up selling their existing life insurance policy to a third party, who then provides the seller with a lump sum in return.  This has become an increasingly popular tactic for those looking for money to pay for medical bills, especially when one is fighting sicknesses such as cancer.   

“Viatical” is a word that was derived from the Latin word “viaticus”; it essentially means “provisions for a long journey”.  When facing an illness such as cancer or something equally as serious, money can become an issue.  Paying for treatment of these illnesses is no small task, and it requires a large amount of money over a period of time.  What if you are unable to work? At one point or another, one generally loses time from work in order to undergo treatment, so how do you pay for your bills then?  Viatical settlements, though relatively new as investments go, easily help provide you with the money you need. 

The state of America’s healthcare system ends up requiring those facing severe illnesses to pay a lot of money for treatment.  Standard health insurance just doesn’t cut it at times, and finances are always the impasse for proper treatment.  If you have no other options and are wondering if there is any possible way to make more money, consider a viatical settlement, and sell your life insurance policy to get the cash that you need.