Virginia residents with a serious illness and a life insurance policy can borrow against their death benefit — without selling the policy, without monthly payments, and without a credit check. Funding in as few as 3 days.
Approximately 48,200 Virginia residents are diagnosed with cancer each year. Add in other serious illnesses — ALS, heart failure, Alzheimer's, kidney disease — and the number of people facing catastrophic medical costs grows significantly. Many of these individuals have life insurance policies they don't realize they can leverage.
48,200
New Cancer Cases/Year
8.7M
Population
3 Days
To Funding
A Living Benefit Loan lets you borrow against the death benefit of your life insurance policy while you're still alive. Unlike a viatical settlement — where you sell your policy to a third-party investor — a Living Benefit Loan lets you keep ownership. Your beneficiaries still receive the remaining death benefit.
Contact Life Credit with your basic policy information. No medical exams required. We'll tell you how much you may qualify for — typically up to 50% of your death benefit.
Our underwriting process is fast. Most Virginia applicants receive a decision within 24-48 hours. No credit check, no income verification.
Funds are deposited directly into your bank account in as few as 3 days. Use the money for anything — medical bills, rent, experimental treatments, travel, family expenses.
The loan is repaid from your death benefit. You never make a payment. Your beneficiaries receive the remaining balance.
If you meet these requirements, you may be eligible:
Life insurance policy with a death benefit of $75,000 or more (term, whole, universal, or group)
Diagnosed with a serious illness — cancer, ALS, Alzheimer's, heart failure, kidney disease, or other qualifying conditions
Policy is active with premiums current (or within the grace period)
Virginia resident — Life Credit serves patients in all 50 states and the District of Columbia
Find out how much you can access — no obligation, no credit check.
Compare the ways Virginia residents can access cash from their life insurance.
| Feature | Accelerated Death Benefit | Viatical Settlement | Living Benefit Loan |
|---|---|---|---|
| What Happens | Early payout from insurer | Sell policy to investor | Borrow against policy |
| Keep Your Policy? | Partial — reduces benefit | No — ownership transfers | Yes ✓ |
| Amount Available | 25-50% | 50-80% | Up to 50% |
| Speed to Cash | Weeks | 2-4 months | As fast as 3 days ✓ |
| Monthly Payments | None | N/A — policy sold | None ✓ |
| Beneficiaries Protected? | Reduced payout | No | Yes — remaining balance ✓ |
Life settlements and viatical settlements in Virginia are regulated by the Virginia Bureau of Insurance. These regulations are designed to protect consumers by requiring licensing, disclosure, and fair dealing standards.
A Living Benefit Loan is structured differently from a life settlement or viatical settlement — you're borrowing against your policy, not selling it. Life Credit Company, LLC is a California licensed consumer lender (License #601K051) that serves Virginia residents nationwide.
Life Credit provides Living Benefit Loans to seriously ill individuals throughout Virginia, including Virginia Beach, Norfolk, Chesapeake, Richmond and all surrounding communities. Our application process is done entirely by phone and online — no office visits required.
Find out how much cash you can access from your life insurance — no obligation, no credit check, funding in as few as 3 days.
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