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House approves bill allowing terminally ill policyholders to sell life‑insurance proceeds after heated debate over protections
Summary
House Bill 69, permitting viatical settlements (sale of life‑insurance proceeds by terminally ill policyholders), passed the House after sponsors argued it preserves dignity and opponents raised concerns about licensing and consumer protections.
Representative Suazo introduced House Bill 69 to allow terminally ill policyholders to sell life‑insurance policies to viatical settlement companies. The sponsor framed the bill as a property‑rights and humanitarian measure that gives patients immediate resources to pay medical bills and improve quality of life. “This legislation would allow the terminally ill person to live healthier, longer lives with their own resources,” the sponsor said on the floor.
Floor questioners…
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