Can a Caregiver Help Apply for a Viatical Settlement?
If you are helping someone with cancer or another serious illness, you may wonder, can a caregiver help apply for a viatical settlement? Yes. A caregiver can assist with gathering policy information, completing paperwork, coordinating medical records, and communicating with the settlement provider. However, helping with the application does not give a caregiver the legal […]
What Medical Records Are Needed for a Viatical Settlement?
If you are considering selling your life insurance policy because of a serious illness, you may wonder, what medical records are needed for a viatical settlement? Medical records are an important part of the evaluation because they provide information about your diagnosis, treatment, overall health, and prognosis. The records needed will depend on your medical […]
What Happens to Your Life Insurance Policy After a Viatical Settlement?
If you are considering selling your life insurance because of a serious illness, you may wonder, what happens to your life insurance policy after a viatical settlement? Once the transaction is completed, ownership of the policy generally transfers to the buyer. The buyer becomes responsible for keeping the policy in force, including paying future premiums, and receives […]
Can You Get a Viatical Settlement if You Have Medicare or Medicaid?
If you rely on government health coverage, you may wonder, can you get a viatical settlement if you have Medicare or Medicaid? Having Medicare or Medicaid does not automatically prevent you from selling a qualifying life insurance policy through a viatical settlement. However, the financial impact can be different depending on which program provides your […]
I Need Money to Pay for Cancer Treatment
“I need money to pay for cancer treatment, but I have no idea where to start.” A cancer diagnosis is stressful even before considering finances. There may be several sources of financial help available though. Depending on your situation, you may be able to get assistance with treatment costs, medications, travel, household bills, and other […]
Can You Sell a Life Insurance Policy with Stage IV Cancer?
A Stage IV cancer diagnosis can create significant financial challenges at the same time that patients and their families are trying to focus on treatment and quality of life. If you own life insurance, you may be wondering, can you sell a life insurance policy with Stage IV cancer? In many cases, the answer is yes. People […]
How Cancer Patients Pay for Treatment When Insurance Isn’t Enough
Health insurance can cover a significant portion of cancer treatment, but it does not always cover everything. How cancer patients pay for treatment when insurance isn’t enough often depends on a combination of financial assistance programs, payment arrangements, personal resources, and, for those who qualify, the value of an existing life insurance policy. Understanding the […]
How Long Does It Take to Receive Money from a Viatical Settlement?
If you are facing mounting medical bills or other financial challenges after a serious illness, you may be wondering, how long does it take to receive money from a viatical settlement? While every situation is different, many viatical settlements are completed in just a few weeks once the required documentation has been received. The exact […]
Can You Sell a Term Life Insurance Policy After a Cancer Diagnosis?
A cancer diagnosis can affect nearly every aspect of your financial life, including your life insurance coverage. If you are wondering, can you sell a term life insurance policy after a cancer diagnosis?, the answer depends on the type of term policy you own and your specific circumstances. While many term life insurance policies have […]
Can You Sell Your Life Insurance Policy While Undergoing Cancer Treatment?
A cancer diagnosis often brings more than medical decisions. It can also create significant financial stress, as many people search for ways to pay for treatment, replace lost income, or reduce financial pressure on their families. Can you sell your life insurance policy while undergoing cancer treatment? The answer may be yes. Depending on your […]