There are many benefits of entering into a viatical settlement. However, the two most common reasons people do it are for the money and to ease the burden on their loved ones.

Some other benefits include:

• No medical exams are required
• You can use the money however you want
• It’s a speedy process
• You can choose the settlement company you want to work with

American Life Fund is one of the leading viatical settlement companies serving the citizens of the USA. We have helped many people through this difficult time in their lives.

The payout you receive from a viatical settlement is based on several factors, including but not limited to:

• The death benefit of your life insurance policy
• Your health condition
• The type of life insurance policy you have

These are just a few of the factors that will affect your payout. For an accurate and free quote, call us at 877-590-4088, and one of our expert representatives will be more than happy to help you.

Not sure if a viatical settlement is a right move for you or your loved one? Here are some things to keep in mind.

Here are a few examples of how people have used their viatical settlement payouts:

• John had a life insurance policy with a $500,000 death benefit. He was diagnosed with terminal cancer and decided to enter a viatical settlement. He received a payout of $300,000 and used the money to travel and spend time with his family members.
• Mary had a life insurance policy with a $250,000 death benefit. She received $150,000 and used the money to pay for her medical expenses and treatments.
• Mike had a life insurance policy with a $150,000 death benefit. He received $90,000 and used the money to pay off his debts.

As you can see, viatical settlements can be very beneficial for seriously ill people who need financial assistance.

When looking into viaticals, you may hear the term “viatical life settlement” thrown around — but viatical settlements and life settlements are two separate transactions. A life settlement is similar to a viatical settlement, but the two have several key differences.

How do life settlements work?

• A life settlement is a transaction that occurs when an individual over 75 sells a life insurance policy to a settlement provider for cash, usually yielding considerably more than the policy’s surrender value.
• The size of a life settlement payout is mostly determined by the policyholder’s health status and the premium payments of the policy. The money from selling life insurance policies can be used to finance long-term care, medical procedures, travel, or family events.
• Many people are unaware they can sell their life insurance policy for cash. When a policy becomes too expensive or unnecessary, the owner typically lets it lapse without knowing there is another option—the life settlement market.

Not sure if a viatical settlement is right for you? Here are some other options to consider

With life insurance policies increasing daily, it’s important to consider all options before deciding. For those with a chronic or terminal illness – selling your policies may be one way to afford quality care while still securing a financial cushion that will help you improve your quality of life.

If you or a loved one is facing a life-threatening illness and needs a Viatical Settlement, please call us at 877-297-4592 to see how we can help.

In Colorado, viatical settlements provide an important financial lifeline for individuals facing life threatening illnesses. These settlements allow policyholders to sell their life insurance policies in exchange for a lump sum payment, which can be helpful  in covering medical expenses, paying off debts, or improving the quality of life.

According to recent data, the average cost of treatment for life-threatening illnesses in Colorado is steep. For instance, the Colorado Department of Public Health and Environment reports that the average annual cost of cancer treatment can range from $30,000 to $60,000, depending on the type and stage of cancer. Similarly, treatments for conditions like advanced heart disease can also exceed $50,000 per year.

Given these high costs, a viatical settlement can offer immediate financial relief. In Colorado, individuals from a variety of counties can benefit from this option.

Adams, Alamosa, Arapahoe, Boulder, Chaffee, Clear Creek, Denver, Douglas, Eagle, El Paso, Elbert, Fremont, Garfield, Grand, Gunnison, Jackson, Jefferson, Kit Carson, La Plata, Lake, Larimer, Mesa, Montezuma, Montrose, Morgan, Moffat, Otero, Ouray, Park, Pitkin, Pueblo, Rio Grande, Routt, Saguache, San Juan, San Miguel, Summit, Teller, and Weld.

Colorado, home to approximately 5.8 million people, faces unique healthcare challenges. With around 10% of those under 65 living with a disability and 8% without health insurance, many residents are at risk of big financial strain due to medical expenses.

Being diagnosed with a life-threatening illness is an unimaginable event. The medical bills start piling up, and the stress of managing everyday expenses becomes overwhelming. For many Colorado residents, this is a reality. Without adequate insurance, the costs of treatments, medications, and hospital visits can quickly deplete savings.

A viatical settlement can provide a lifeline in these situations. By selling your life insurance policy for a lump sum cash payment, you gain immediate financial relief. This money can be used to cover:

• Medical Bills: Pay for treatments, surgeries, medications, and other healthcare needs without the burden of debt.
• Living Expenses: Ensure that rent, mortgage payments, utilities, and daily necessities are taken care of, reducing the stress on you and your family.
• Personal Goals: Fulfill dreams or important personal goals, such as taking a memorable family trip, funding education, or securing your loved ones’ future.

For Colorado residents facing these challenges, a viatical settlement isn’t just a financial transaction, it’s a pathway to peace of mind and a better quality of life during difficult times.