How To Cope During a Viatical Settlement

Julietta Jorgensen

Individuals with chronic or terminal illnesses may have financial or personal needs that prompt them to sell assets to access funds. Viatical settlements allow these individuals to sell their life insurance policies and access the funds while they’re still alive.


Securing a viatical settlement can be a stressful process. You may be coping with painful medical treatments and dealing with calls from creditors you owe money. You may also have to suspend treatments if you’re unable to afford them. These tips can help you manage your needs while you’re securing a viatical settlement.

Find a reputable viatical settlement company.



Google “American Life Fund Viatical Settlement Company” to locate a respected viatical settlement company that can help you navigate the process. Experienced viatical settlement companies will ensure you qualify for a viatical settlement without being intrusive. Their team will reach out to potential buyers and present you with the best offer. Once you agree to the terms of sale, the viatical settlement provider will finalize the paperwork.


The buyer will make a single payment in exchange for the life insurance policy. The buyer becomes the policy’s beneficiary, and they also assume responsibility for any outstanding policy payments owed. You receive a tax-free cash payment. There are no restrictions on the money, which means you can opt to use the funds to pay bills, cover the cost of future medical treatments, purchase medications, or take a dream vacation.

Make yourself comfortable.



Invest in low-cost treatments that can increase your comfort. Cannabidiol (CBD) products are popular, legal options. All-natural muscle recovery is a gluten- and allergen-free tincture that’s ingested orally. It’s made from natural ingredients, such as turmeric, cloves, black pepper, and hemp CBD. Turmeric is an antioxidant that can reduce inflammation and promote heart health.


Cloves stimulate your body’s immune system, which can help you fight off infections. Cloves also help regulate your blood sugar levels. Black pepper also regulates blood sugar levels and lowers your cholesterol. Taking all-natural CBD products, such as RECOVER, will help promote muscle and joint health and ease your discomfort.

Seek emotional support.


Learning you have a terminal or chronic illness is stressful. You may also struggle with your emotions. You may be depressed because you’ll be unable to fulfill life-long dreams or engage in preferred activities. It’s also common for patients with terminal or chronic illnesses to feel angry or anxious.


Counselors who offer therapy for patients with terminal illnesses can help you process your diagnosis. Whether your condition is chronic or terminal, you may have many critical decisions you need to make. You may also want to resolve personal issues. Therapy can help you identify the significant issues you need to address and determine how to repair damaged relationships or make crucial decisions about who will manage your finances and care in the future. Your therapist can also help you cope with any stress you’re experiencing while negotiating your viatical settlement.

Apply for benefits and assistance.



A viatical settlement may ease your financial concerns, but you may still qualify for other assistance. Several nonprofit organizations assist individuals with chronic and terminal illnesses. For example, cancer patients may receive financial aid from organizations such as CancerCare, which helps cancer patients cover practical costs, such as child care and insurance copays. Faith-based organizations may offer financial and practical aid. Pharmaceutical patient assistance programs make it possible to access affordable prescription medications.


You may also be eligible to receive benefits. Individuals with chronic and terminal illnesses may qualify to receive disability benefits. The U.S. Department of Health and Human Services also offers financial aid and food stamps to people in the United States who qualify. If you’re unable to work due to your health condition, you may also qualify for Medicaid.


Although a viatical settlement can provide you with financial resources, you may be struggling with bills and medical expenses while you’re negotiating your settlement. You can manage your physical discomfort with CBD supplements while applying for benefits and seeking assistance from nonprofit organizations. Receiving benefits and assistance can address your immediate financial needs. Working with a reputable viatical settlement provider and seeing a therapist can also help you manage your stress.

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