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Relieve Financial Stress
For Those Living with Cancer or
Other Life-Threatening Illnesses

Relieve Financial Stress

An unexpected side effect of a cancer diagnosis, or another life-threatening illness, is the financial burden that comes with fighting the disease. When you combine ever increasing medical bills with lost wages, even managing day-to-day expenses becomes a major struggle. Did you know that you can sell your existing life insurance policy and use the funds to help you through this difficult time?

A viatical settlement is the process whereby a person with a life-threatening illness can turn their life insurance policy into cash through the transfer of ownership and beneficial rights of the policy. The seller receives a lump sum payment, which is a percentage of the policy's face value. Viatical settlements create immediate cash for medical expenses, alternative treatments, daily living expenses, fulfillment of life-long wishes or dreams, and so on. You can sell your life insurance policy to fund all of these things and more.

Making the Most of Your Policy

As a licensed viatical broker, Whitestone Settlements works for the policy owner. Our job is to get the most money for your policy that the industry has to offer. You take the cash, the buyer takes the asset and the resposibilty to pay all future policy premiums. Many of our clients are able to pay off their medical expenses and live more comfortably.

Smell the flowers

How it Works

The entire process takes about four to six weeks. During this time, we gather all the necessary insurance and medical information. We then contact our buyers whose purchase criteria matches the policy's parameters. We receive their offers and present them to the policy owner.

When an offer to sell the policy is accepted, contracts are completed between the buyer and the policy owner. Once finalized, forms are sent to the insurance company transferring ownership of the policy. Upon the confirmation that the ownership has been transferred, the policy owner receives their money. In many cases these transactions are non-taxable.