Why Would You Sell A Life Insurance Policy To A Viatical Company?

Companies that purchase life insurance policies from terminally ill people are known, as viatical firms. These firms make an offer to the policy holder that is lucrative enough to make the policy holder accept the deal, but also favors the company. When the policy holder dies the firm becomes the beneficiary of the policy.

Many people that are terminally ill, take advantage of these companies because it provides them with the income needed to pay off medical bills, take an incredible vacation or take care of necessities before they pass away.