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I, ___ Secretary / President of ___, a corporation organized under the laws of the Country or state of ___ (the Corporation), do hereby certify that at a meeting of the Board of Directors of the said
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How to fill out application for viatical settlement

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How to fill out application for viatical settlement

01
Gather all necessary documentation such as medical records, life insurance policy information, and proof of terminal illness.
02
Research different viatical settlement companies to find the best option for you.
03
Complete the application form provided by the chosen viatical settlement company.
04
Submit the application along with all required documentation for review.
05
Wait for the company to assess your application and make an offer for your life insurance policy.
06
Review the offer and accept if it meets your financial needs.
07
Sign the necessary documents to finalize the viatical settlement agreement.
08
Receive the funds from the viatical settlement company and use them as needed.

Who needs application for viatical settlement?

01
Individuals diagnosed with a terminal illness who have a life insurance policy and are in need of immediate funds to cover medical expenses, end-of-life care, or other financial obligations.
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An application for viatical settlement is a request submitted by a policyholder to sell their life insurance policy to a third party for a lump sum payment, typically at a discounted value, based on the insured's life expectancy.
The policyholder or the individual who owns the life insurance policy is required to file the application for a viatical settlement.
To fill out an application for viatical settlement, the policyholder needs to provide personal information, details about the insurance policy, financial information, and medical records that verify the medical condition of the insured.
The purpose of the application for viatical settlement is to facilitate the sale of a life insurance policy, allowing policyholders who are terminally ill or facing chronic illnesses to access funds for immediate financial needs.
The information that must be reported on an application for viatical settlement includes the insured's medical information, policy details, policy beneficiary information, and the reason for seeking the viatical settlement.
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