Dealing with a serious illness can be overwhelming—both emotionally and financially. For many Fort Lauderdale residents, a viatical settlement provides an opportunity to access the value of their life insurance policy right when it’s needed most. Choosing the right viatical settlement broker in Fort Lauderdale is crucial to ensure you receive the highest payout and compassionate support throughout the process.
At Summit Life Insurance, we specialize in helping policyholders navigate the viatical settlement process with care, professionalism, and expertise.
What Is a Viatical Settlement?
A viatical settlement is the sale of a life insurance policy by a person diagnosed with a chronic or terminal illness. Instead of surrendering the policy to the insurance company for a minimal cash value, you can sell it to an institutional buyer for a significantly larger lump-sum payment.
The buyer then takes over premium payments and receives the death benefit later, while you gain immediate funds to cover:
-
Medical bills and treatments
-
Long-term care expenses
-
Household costs and debt repayment
-
Improving quality of life for you and your family
The Role of a Viatical Settlement Broker
A viatical settlement broker represents you—the policyholder—not the buyers. Their role is to ensure that you receive the best possible value for your policy.
At Summit Life Insurance, our team of licensed brokers:
-
Evaluates Your Policy: We review your coverage to determine eligibility for a viatical settlement.
-
Shops the Market: We present your policy to a wide network of institutional buyers.
-
Negotiates Competitive Offers: We encourage buyers to compete, often leading to higher payouts.
-
Ensures Compliance: All transactions meet Florida’s strict viatical settlement regulations.
-
Guides You Compassionately: We understand the sensitivity of your situation and provide supportive service.
Why Fort Lauderdale Residents Choose Viatical Settlements
Residents of Fort Lauderdale often turn to viatical settlements because they offer:
-
Immediate Financial Relief: Access funds in weeks, not months.
-
Relief from Premium Payments: Buyers assume responsibility for all future premiums.
-
Better Returns: Often receive more than the policy’s surrender value.
-
Flexibility: Use the funds for medical care, daily expenses, or anything you need.
With Summit Life Insurance as your trusted viatical settlement broker in Fort Lauderdale, you can focus on your well-being while we handle the details.
Our Simple 5-Step Process
We’ve streamlined our viatical settlement services to make the process as stress-free as possible:
-
Free Consultation: We start with a confidential discussion about your needs and policy.
-
Policy Review: Our team determines your eligibility and potential value.
-
Market Exposure: We share your policy with multiple institutional buyers.
-
Offer Presentation: We explain each offer clearly so you can make an informed decision.
-
Closing & Payment: Once you accept an offer, we manage all paperwork for a smooth transaction.
Most clients receive funds within a few weeks of choosing an offer.
Benefits of Working with Summit Life Insurance
By choosing Summit Life Insurance as your viatical settlement broker in Fort Lauderdale, you gain:
-
Higher Payouts: Our market reach encourages buyers to compete for your policy.
-
Licensed & Regulated Service: We comply with all Florida viatical settlement laws.
-
No Hidden Fees: We’re transparent about every step of the process.
-
Compassionate Support: We provide care and respect throughout your journey.
-
Confidential Transactions: We safeguard your personal and medical information.
Who Qualifies for a Viatical Settlement?
You may be eligible for a viatical settlement if you:
-
Have been diagnosed with a chronic or terminal illness
-
Own a life insurance policy with a face value of at least $100,000
-
Find premium payments difficult to maintain
-
Need immediate funds for medical or personal expenses
At Summit Life Insurance, we help you understand your eligibility and explore all your options.
Final Thoughts
When you’re facing a challenging medical situation, financial worries should be the last thing on your mind. A viatical settlement broker in Fort Lauderdale like Summit Life Insurance can help you turn your life insurance policy into the financial support you need—without added stress.
Contact Summit Life Insurance today for a free, confidential consultation and find out how a viatical settlement can help you and your loved ones during this difficult time.
