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Viatical Settlement Process

Seniors learn about the life settlement process

Learn about the viatical settlement process and how easy it is to convert your life insurance policy to immediate cash.

The viatical settlement process starts with our initial free consultation and ends with payment to you.  There are no credit checks or medical exams required.  Your eligibility is determined solely on whether your medical profile and policy qualify.  A viatical settlement or life insurance loan can typically be completed within a few weeks of completing our underwriting process.

How It Works

Find out how easy it is to convert your life insurance policy to cash.


After you request your instant estimate, we will determine whether you and your policy qualify.  We will talk about your options, explain the process and answer any questions you may have.  We will also discuss your financial goals and provide you with a preliminary valuation.  After speaking with you, we will send you a short questionnaire by email, fax or mail.  There will never be any up-front fees or medical exams required during the viatical settlement process.

Let Us Get To Work

After you have returned our client questionnaire, we will obtain records from your medical providers and your life insurance company.  After reviewing the records, we will complete our underwriting phase and start the competitive bidding process with our network of licensed viatical settlement and loan providers.  We will negotiate the highest offer for you and communicate with you frequently to keep you updated throughout the viatical settlement process.

Review Offers And Close

As soon as bidding is completed, we will report all offers to you and help you decide which one works best for you.  If you decide to move forward, we will help you review and complete the necessary documents to finalize the transaction.  Once completed, the funds will be wired directly to your bank account by the escrow agent.  And once everything is done, there are no further premiums and you can start enjoying your money – with no restrictions on the use of funds.

Frequently Asked Questions

Read common questions and answers about the viatical settlement process.

Are there any up-front fees or obligation to sell my policy?

There are no application fees or up-front costs.  If at any point you aren’t satisfied with the offers we present, you are free to walk away at no obligation or cost to you.  If you accept an offer, our fee will be paid directly by the purchaser.

Is a health exam or credit check required?

No.  Unlike when you purchased your life insurance coverage, a health exam isn’t required for you to qualify for a viatical settlement or life insurance loan.  Medical underwriting decisions are based on an independent review of the medical records we will obtain from your health care providers.  Also, there are no credit checks for a viatical settlement or life insurance loan.

How long will it take to get the funds from my policy?

Depending on your state’s laws, funds are typically released from escrow within 72 hours of the buyer’s receipt of confirmation of change of ownership and beneficiary rights from the insurance company.

Who is going to buy my policy?

Life insurance policies are typically purchased by licensed viatical settlement provider companies who are interested in buying a variety of assets to balance their overall investment portfolios.  Most provider companies work with large institutional investors such as banks and pension funds.

Will I have to pay any premiums after my policy is sold?

No.  Once the policy is sold, you will have no future premium obligations whatsoever.

Should I sell my policy or borrow against it?

Depending on your individual situation, a life insurance loan may work better for you than a viatical settlement.  Typically, this decision will depend on whether you have a smaller immediate cash need and/or desire to preserve some of the policy’s benefit to pass on to your beneficiaries.  When you contact us, we will help you decide which option is best for you and your family.

Will my privacy be protected?

With a viatical settlement or life insurance loan through BRAVEPORT, our privacy policy and advanced transaction procedures ensure that your identity is never revealed to anyone without your consent.

How am I protected financially?

There are no out of pocket costs when you work with us and you have no obligation to sell your policy or to accept any offer.  In most states, a third party escrow company is used to disburse the funds.

Am I allowed to change my mind?

In most states you have 15 days (in some states up to 30 days) after the receipt of the proceeds to change your mind.

Do you still have questions?

Visit our Frequently Asked Questions page for a comprehensive list of questions and answers about viatical settlements and life insurance loans.  Or, feel free to contact us anytime for a free policy review and to learn more about the life insurance loan or viatical settlement process.

Viatical settlement process chart
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A Viatical Settlement | Sell Life Insurance Policy | Life Insurance Loan