Strapped for Cash for Your Treatments? Get Help

If you have a life-threatening illness, the last few years can't have been easy for you. Even though the media is claiming that the economy is slowly bouncing back from the recession, many people aren't out of the woods yet -- and if you are suffering from a serious illness, you're probably one of them. If you've finally reached that place where you're not sure how you will pay for your next treatment or mortgage bill, don't despair! Here are a few ways that you can get the funding you need.

• Viatical Settlement – People with an active life insurance policy may have the option of selling it for cash so they can fund everything from their cancer treatments to their trips to the grocery store. The way that this settlement works is that the holder sells their policy to a third party in exchange for cash. The third party then becomes the new owner of the policy and takes over paying the monthly premiums. The great thing about this option is that people are able to get the much-needed cash in their hands quickly.

• Sell the Home – If a person owns a home, it may be time to find out how much equity they have in it. If they’ve been in the home for a decent amount of time, selling it at a fair price will probably bring a large amount of money their way. Real estate experts say that the homes that sell the quickest are the ones that are priced to move. Once the home is sold, it’s smart to move in with friends or family until everything is settled.

• Garage Sale – Yard sales are an effective way of earning money quick. Once people realize the severity of their financial situations, they are more willing to part with their personal possessions. They can also ask family members and friends if they have any items to donate to the sale so that it generates more of a profit. If enough people were willing to donate, the sale could be turned into a neighborhood-wide event. 

When people have life-threatening illnesses, they have to be willing to think outside of the box to make ends meet. Selling one's home, having a garage sale or opting for a viatical settlement are just some of the ways that people can ensure that they have the funds they need for care and day-to-day expenses.