Your insurance premium may be higher because you will be required to pay the portion that your employer has been paying. Contact your employer benefits office. Contact your insurance agent or employee benefits office. Viatical Settlements Viatical settlements are cash lump sums given to persons who are terminally ill in exchange for the death benefits in their life insurance. The National ALS Association has published an FYI on Viaticals.
Viatical settlements are a newly regulated activity.
Proceed with caution. The Florida Department of Insurance website contains a publication, Accelerated Death Benefits, Viatical Settlements and You. Answers to frequently asked questions can be found at the National Viatical Representatives website. You can find more information concerning viatical settlements at the Gloria Grening Wolk, MSW website. SSDI is based on the funds you have paid to Social Security as a worker.