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Life Insurance
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Dictionary
Viatical Settlements
The Dictionary of Insurance Terms and Definitions
A terminally ill policyholder can sell his life insurance policy to a viatical company, who will pay a portion of the death benefit (usually 60–80%). The viatical company will collect the full death benefit upon the decease of the insured, but in the meanwhile, the insured can make use of the money from the sale.
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R. Jan Pinney CLU, ChFC, is a licensed life insurance agent in all states and the District of Columbia. The following agent license numbers are provided for R. Jan Pinney as required by state law: CA agent #0440057, LA agent #291116, MA agent #1674866, MN agent #20270113, UT agent #58330, agent R. Jan Pinney, DBA Pinney Wholesale Insurance Services. Commercial use by others is prohibited by law. This site provides term quotes. Each rate shown is a quote based on information provided by the carrier. No portion of WholesaleInsurance.net may be copied, published, faxed, mailed or distributed in any manner for any purpose without prior written authorization of the owner.