Viatical vs. Life Settlements: Which Is Right for You in Fort Lauderdale?
Choosing between a viatical settlement and a life settlement can be confusing. Both provide cash now—but they serve different needs. At Summit Life Settlements, we help Fort Lauderdale clients make the best choice.
Key Difference:
| Feature | Viatical Settlement | Life Settlement |
|---|---|---|
| Health Requirement | Terminal or chronic illness | Age 65+ or impaired health |
| Taxation | Often tax-free | Partially taxable |
| Speed of Process | Fast (30–60 days) | Average (45–90 days) |
When to Choose a Viatical Settlement:
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You need funds for treatment or living expenses.
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You qualify based on a chronic or terminal illness.
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You want tax-free access to funds.
When to Choose a Life Settlement:
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You no longer need your policy.
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Premiums are too high.
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You want to unlock retirement cash.
Summit Life’s Local Advantage:
As a trusted viatical settlement broker in Fort Lauderdale, we bring tailored solutions to your unique situation.
Talk to a Specialist:
Not sure which fits you best? Get a free policy review with Summit Life Settlements.
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