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Simple English definitions for legal terms

Investor Protection Guide: Viaticals

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A quick definition of Investor Protection Guide: Viaticals:

A viatical settlement, also known as a life settlement, is when someone who is very sick sells their life insurance policy to someone else for less than the policy's value. The buyer gets the money when the seller dies. This can be a risky investment because the buyer doesn't know when the seller will die. If the seller dies sooner than expected, the buyer makes more money. But if the seller lives longer, the buyer loses money. Before buying a viatical settlement, investors should do research and ask for advice from their state insurance commissioners.

A more thorough explanation:

A viatical settlement, also known as a life settlement, is when someone sells their life insurance policy to another person for less than the death benefit. The seller is usually someone who is terminally ill and wants to cash out their policy before they die. However, people who are not terminally ill can also sell their policies. The buyer of the policy will collect the death benefit when the seller dies.

Viatical settlements can be risky investments. Salespeople who earn large commissions may pressure investors to buy them. The return on a viatical investment depends on the seller's life expectancy and the actual date of death. If the seller dies before the estimated life expectancy, the investor will receive a higher return. But if the seller lives longer than expected, the investor's return will be lower. The investor may even lose part of their investment if they have to pay additional premiums to maintain the policy.

For example, if someone buys a viatical settlement for $50,000 and the death benefit is $100,000, they will make a profit of $50,000 when the seller dies. However, if the seller lives longer than expected and the investor has to pay additional premiums, they may lose some of their investment.

Before investing in viatical settlements, investors should do their research and ask their state insurance commissioners for more information.

For more information, see: , National Association of Insurance Commissioners (NAIC).

Investor Protection Guide: Systematic Investment Plan (SIP) | invidious discrimination

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BulbasaurNoLikeCardio
18:23
Ill just keep arguing for more money off until I get it or they end up paying me to take it lmao
18:24
what other guns ya got
are we losing hope for gtown lol
yeah i dont think gtown does A's this late unfortunately
18:25
it is like 630 on a friday there bud
18:25
think it is safe to say it aint happenin today\
damn it was a slow day today
BulbasaurNoLikeCardio
18:26
I got a custom built Leftie ar15 I run suppressed, a regular ar15, a .270 axis savage bolt gun, xd9, xd40 and have my AR10 I run suppressed.
BulbasaurNoLikeCardio
18:26
I do not think we will see a wave until after thanksgiving. Adcoms will be nice and not ruin someones thanksgiving with an R
18:28
ruin my thanksgiving law schools uwu
PerpetualCheerfulBeaver
18:53
I really thought a texas schools wave was going to hit today...guess it will be December 1
7Rings
19:00
No news is good news 😜
PerpetualCheerfulBeaver
19:10
the mentality im embracing
ClassyPleasantHeron
19:23
You will see some A waves next week, just before Thanksgiving. Schools like to give people things to talk about over the holidays.
19:26
my predict monday berk from earlier td
snow
19:33
Oregon decision rendered…
snow
19:33
Bro why don’t they just tell me lol
damn ive been under review for a month and no movement, when did u apply snow?
snow
19:39
The day apps opened. I still don’t know what the decision is tho lol
Dang. Crossing my fingers for you!!
snow
19:41
Thank you!!
shaquilleoatmeal
19:44
Snow dude wtf you been
snow
19:46
Working! I was prepping for a trial but it got reset!
snow
19:47
Have you don your gulc interview?
JumpySubsequentDolphin
19:47
@snow: snow!!!! I’m in Oregon should I break into admissions office and demand your decision be sent
shaquilleoatmeal
19:49
Better to be prepared than not, otherwise it always happens when you don’t prep
shaquilleoatmeal
19:50
Yea did it a week and half ago, told us we won’t hear anything until end of December if we’re lucky, most likely first week of jan
shaquilleoatmeal
19:50
Said no one works after Monday this week and no one works week of Christmas
shaquilleoatmeal
19:50
So holiday takes time away from app review
snow
19:54
True @shaq and do it jumpy!!
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