Life Settlements and Viaticals: Video and Audio Overview

2 Wisconsin CE credits · Course #63357

Life Settlements and Viaticals is a 2-credit Wisconsin insurance continuing-education course from CEWisconsin, Wisconsin OCI-approved provider #20781. A look at these controversial products from two very different angles. This page has a free 7-minute video overview and a 21-minute audio overview to use before you enroll or while you study. CE credit comes from the course material and its test, not from watching or listening.

Watch the video overview (7 min)

Published August 10, 2025 · 7 min · MP4

Listen to the audio overview (21 min)

Published April 26, 2025 · 21 min · MP3

What the course covers

The course material offers a comprehensive discussion of life settlements and their predecessor, viatical settlements, which involve the sale of an existing life insurance policy to a third party. The sources explain that a viatical settlement is when a terminally or chronically ill individual sells their policy for a lump sum, while a life settlement applies to elderly individuals, typically over 65, who are not terminally ill but whose policy no longer meets their needs, often resulting in a payout significantly higher than the cash surrender value. One source argues that life settlements are a "win-win" for the insured but a significant loss for the beneficiaries and, to an extent, the insurance company due to reduced policy lapses. The text cautions against various issues, including Stranger-Owned Life Insurance (SOLI) schemes, suitability concerns, and potential tax implications, stressing that while life settlements offer a viable option for those unable to maintain their policies, they may be an unsuitable and poor financial choice for others.

Course facts

Credits: 2 (Wisconsin requires 24 every two-year license period)
Ethics credits: none; pair it with an ethics course if you still need your 3
Course number: 63357
Format: self-study reading, then an online multiple-choice test (70% to pass, unlimited free retakes, disinterested-party proctor required)
Reporting: CEWisconsin files your completion with the Wisconsin OCI
Note: (Does NOT fulfill Wisconsin Life Settlement Training Requirements.)

Ready to take Life Settlements and Viaticals?

2 CE Credits

Open the course in the catalog, buy the credits you need, read, and test. Pricing is all-inclusive.

Go to the course in the catalog

Frequently asked questions

Do the video or audio overviews earn CE credit?

No. Wisconsin CE credit for Life Settlements and Viaticals comes from reading the course material and passing its proctored online test with a score of 70% or better. Retakes are free and unlimited. The video and audio are free study aids.

How long are the video and audio overviews?

The video runs about 7 minutes and the audio about 21 minutes. Both were produced from the course material with Google NotebookLM; the video was published August 10, 2025 and the audio April 26, 2025.

How do I take Life Settlements and Viaticals?

Buy CE credits on the catalog page (pricing is all-inclusive: the state submission fee and retakes are included), open the course, read the material, and take the test. This course uses 2 credits.

Does this course satisfy the Wisconsin life settlement training requirement?

No. Does NOT fulfill Wisconsin Life Settlement Training Requirements.

About these previews: the video and audio overviews were produced with Google NotebookLM from the course material. They summarize; the course text and its test are the authority. Page updated September 5, 2026.

Questions about a course?

Call or text Bill at 608-219-4985 or email mailadmin@cewisconsin.com