Jove
Visualize
Contact Us
JoVE
x logofacebook logolinkedin logoyoutube logo
ABOUT JoVE
OverviewLeadershipBlogJoVE Help Center
AUTHORS
Publishing ProcessEditorial BoardScope & PoliciesPeer ReviewFAQSubmit
LIBRARIANS
TestimonialsSubscriptionsAccessResourcesLibrary Advisory BoardFAQ
RESEARCH
JoVE JournalMethods CollectionsJoVE Encyclopedia of ExperimentsArchive
EDUCATION
JoVE CoreJoVE BusinessJoVE Science EducationJoVE Lab ManualFaculty Resource CenterFaculty Site
Terms & Conditions of Use
Privacy Policy
Policies

Related Experiment Videos

Viatical settlements: easing the financial burden.

M F Silverman1

  • 1ViatiCare Finanical Services, Minneapolis, MN, USA.

Caring : National Association for Home Care Magazine
|February 6, 1997
PubMed
Summary
This summary is machine-generated.

Related Concept Videos

You might also read

Related Articles

Articles linked to this work by shared authors, journal, and citation graph.

Sort by
Same author

AIDS: a need for ongoing education.

Statistical bulletin (Metropolitan Life Insurance Company : 1984)·1992
Same author

AIDS and the hospital. Interview by Christopher Rauber.

The Healthcare Forum journal·1989
Same author

The San Francisco experience with regulation of smoking in the workplace: the first twelve months.

American journal of public health·1986
Same author

AIDS.

Emergency·1986
Same author

AIDS: Definition, overview, and "new" virus.

The Journal of the Louisiana State Medical Society : official organ of the Louisiana State Medical Society·1985
Same author

AIDS and the threat to public health.

The Hastings Center report·1985
Same journal

Zachary Certner.

Caring : National Association for Home Care magazine·2014
Same journal

Will Lourcey.

Caring : National Association for Home Care magazine·2014
Same journal

Nicholas Cobb.

Caring : National Association for Home Care magazine·2014
Same journal

Allyson Ahlstrom.

Caring : National Association for Home Care magazine·2014
Same journal

Father Patrick Devine.

Caring : National Association for Home Care magazine·2014
Same journal

The honorable Daniel Inouye.

Caring : National Association for Home Care magazine·2014
See all related articles

Life insurance policies can be sold to viatical companies by terminally ill individuals. These companies provide a tax-free lump sum, offering financial relief for medical expenses during the patient's lifetime.

Area of Science:

  • Finance
  • Healthcare Economics
  • Insurance Law

Background:

  • Life insurance policies represent a significant asset.
  • Terminally ill patients often face substantial medical expenses.
  • Existing financial options may not fully cover end-of-life care costs.

Purpose of the Study:

  • To explore the viability of selling life insurance policies.
  • To examine the role of viatical settlements in financial planning for the terminally ill.
  • To assess the benefits of viatical settlements for patients.

Main Methods:

  • Analysis of life insurance policy transferability.
  • Review of viatical settlement market operations.
  • Examination of tax implications for viatical settlements.

Related Experiment Videos

Main Results:

  • Most life insurance policies are eligible for sale.
  • Viatical companies offer lump-sum payments for policies.
  • Viatical settlement payments are tax-free.

Conclusions:

  • Viatical settlements provide a financial resource for terminally ill patients.
  • Tax-free lump-sum payments can alleviate medical cost burdens.
  • Selling life insurance policies offers a viable financial strategy for individuals with terminal illnesses.