Alaska Viatical Settlement Provider License Surety Bond
A Viatical Settlement Provider is one who sells an existing life insurance policy for more than the cash surrender value, but less than the net death benefit. The new owner becomes the beneficiary of the policy amount upon death of the original policy insured and provides the initial insured party a lump sum of cash.
In the State of Alaska, Viatical Settlement Providers are required to be licensed and provide a Viatical Settlement Providers License Surety Bond.
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