Viatical Settlement Option

If you are diagnosed with a terminal condition, you may enter into a Viatical Settlement. A Viatical Settlement makes a Viatical Settlement provider the permanent beneficiary of the life insurance benefits at the time of death in exchange for a payment of a percentage of your Optional Term Life benefits now.

You will need to research and select a Viatical Settlement provider. Upon your death, payment will be made to the Viatical Settlement provider if your life insurance is still in force.

Note: If you are diagnosed with a terminal condition, you may elect to receive payments under the Viatical Settlement Option only if you have not previously received an Accelerated Life Benefit. Please consider your situation carefully before making your selection.