Viatical settlements are handled by lawyers and insurance companies for the terminally ill patient.

Question

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Viatical settlements involve the sale of a life insurance policy by a terminally ill person to a third party. The process is typically handled by viatical settlement companies, brokers, or investors, and may involve legal and financial professionals. However, the terminally ill patient may not necessarily be represented by a lawyer or insurance company.

Viatical Settlements Are Handled by Lawyers and Insurance Companies for the Terminally