• FreeAdvice has a new Terms of Service and Privacy Policy, effective May 25, 2018.
    By continuing to use this site, you are consenting to our Terms of Service and use of cookies.

Life Insurance Settlements or Viaticals

Accident - Bankruptcy - Criminal Law / DUI - Business - Consumer - Employment - Family - Immigration - Real Estate - Tax - Traffic - Wills   Please click a topic or scroll down for more.


Junior Member
What is the name of your state (only U.S. law)? Illinois
Are life insurance settlements safe? I was thinking to take out a life ins. policy on myself then sell it in a few years. Is this feasible?What is the name of your state (only U.S. law)?


Senior Member
Except for the fact the numbers probably won't work out, it's feasable.

Remember, the insurance company wants to make a profit so will underwrite your life to their favor. Then the viatical folks will do the same thing.

If you're looking for an investment, you are going to have to be able to out figure *both* sets of professionals. And, the sooner you die, the more you "win".

Find the Right Lawyer for Your Legal Issue!

Fast, Free, and Confidential