Can anyone give me the pro's and con's of selling one's life insurance policy (viatical settlement)? We have a relative who is terminally ill with stage 4 lung cancer and has serious financial problems. She is divorced, her sons are grown, all in their late 30's. One is disabled, lives at home with her, but has a job. Her house has been refinanced several times and her mortgage note is over $1,000/month.
I'm just doing research on options on making her last days easier and less stressful and came across this option. Thank you, in advance, for your advice.