When a Lung Cancer Diagnosis Changes Everything, Financial Options Matter

A diagnosis of late-stage lung cancer brings not only emotional and physical challenges—but often overwhelming financial strain. Treatment costs, caregiving expenses, and time away from work can quickly add up, leaving families searching for practical options.

What many don’t realize is that an existing life insurance policy may be an important financial asset that can help. Through a viatical life settlement, it’s possible to access the value of that policy now—while it can still make a difference.

What Is A Viatical Settlement And How Does It Work?

A viatical settlement is the legal sale of a life insurance policy by someone diagnosed with a terminal illness. Instead of lapsing or surrendering the policy, the insured receives a lump-sum cash payment. The funder then assumes future premium payments and becomes the policy’s new beneficiary.

This option provides access to funds during the client’s life, allowing patients to:

• Pay for out-of-pocket care
  
• Reduce financial stress
  
• Support their families
  
• Create meaningful moments with loved ones

There are no restrictions on how the funds are used—and the process is regulated, legal, and can often help the insured.

Does Lung Cancer Qualify For A Viatical Settlement?

Often times, late-stage (Stage III or IV) lung cancer is generally considered a qualifying condition for a viatical settlement. If you or your loved one has been diagnosed and owns a life insurance policy valued at $100,000 or more, a settlement may be possible.

Other factors that may influence eligibility include:

• The insured’s age and prognosis
  
• The type and terms of the policy
  
• The current cost of premiums

Even if you’re unsure, the first step is requesting a free policy appraisal—there’s no cost or obligation to find out what your policy may be worth.

How Can Viatical Settlement Funds Be Used?

The cash from a viatical life settlement can be used in any way the policyholder chooses. Common uses for families facing lung cancer include:

• Medical treatments or experimental therapies
  
• In-home nursing or palliative care
  
• Travel for care or final family trips
  
• Paying off outstanding debts or mortgage
  
• Supporting caregivers or family members
  
• Creating meaningful comfort and choice in one’s final months

When financial stress is reduced, there’s more space for what truly matters: time, dignity, and presence.

Why Families With Loved Ones Facing Lung Cancer Turn To LifeRoc

When dealing with a serious illness, experience and support matter. At LifeRoc, we specialize in helping individuals and families access the value of their policies through viatical settlements. Here’s what makes LifeRoc a trusted resource:

• Over $20 billion in life insurance face value settled
  
• A team with extensive experience in both life insurance and life settlements
  
• The  large, leading network of funders, offering competitive payout opportunities
  
• No third-party broker commissions—so more of the offer goes to the policyholder
  
• A streamlined, compassionate process designed to reduce stress and simplify every step

   

We handle the paperwork, details, and communication so families can focus on care—not complexity.

Take The Next Step With Clarity And Compassion

When facing a serious illness like late-stage lung cancer, financial stress shouldn’t be part of the equation. If you or your loved one owns a life insurance policy, you may have more options than you realize—options that could bring comfort, choice, and breathing room during a difficult time.

At LifeRoc, we’re here to help you understand what your policy may be worth—quickly and without obligation. Whether you choose to move forward or simply want to explore what’s possible, we’ll guide you every step of the way.

Request a fast, free policy appraisal today to learn:

• If your policy qualifies for a viatical settlement
  
• How much cash it may provide
  
• What the process looks like—handled fully by our experienced team

   

Contact LifeRoc today to request a fast, free policy appraisal

Because when everything else feels uncertain, having the right information can offer a sense of control—and a little more peace.

Contact us today to learn more about your options. Fill out the form below or give us a call at (833)678-7355 — our team is here to help you every step of the way.

Have more questions? Visit our Frequently Asked Questions Page