Finance Department

 

Date of this Version

1997

Document Type

Article

Citation

Journal of Actuarial Practice 5 (1997), pp. 105-123

Comments

Copyright 1997 Absalom Press

Abstract

There are three options available for terminally ill insureds who are interested in accessing all or part of the face value of their life insurance policies: through the life insurance company (accelerated death benefits), through a viatical company (a via tical settlement), or through a via tical loan company (a via tical loan). This paper explores the definitions and tax regulations, calculations, and the claims process associated with accelerated death benefits and via tical settlements and loans.

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