1. Alternatives or options. Possible alternatives to or options that can be used in conjunction with viatical settlement contracts for persons with catastrophic or life-threatening illnesses, including, but not limited to, accelerated death benefits or policy loans offered by the issuer of the life insurance policy;

2. Federal tax implications. The fact that some or all of the proceeds of the viatical settlement contract may be free from federal income tax under the federal Health Insurance Portability and Accountability Act of 1996, Public Law 104-191; and that restrictions, qualifications and other tax laws, particularly those of the state in which the viator resides, may apply and assistance should be sought from a professional tax advisor;

3. State tax implications. The fact that some or all of the proceeds of the viatical settlement may be free from state income tax under section 6809; and that restrictions, qualifications and other tax laws, including those of the State state in which the viator resides, may apply and assistance should be sought from a professional tax advisor;

4. Claims of creditors. The fact that proceeds of the viatical settlement could be subject to the claims of creditors;

5. Effect on government benefits. The fact that receipts receipt of viatical settlements the proceeds of the settlement may adversely affect the recipient's eligibility for Medicaid or other means-based government programs, benefits or entitlements and that advice should be obtained from the appropriate agencies;

6. Right to rescind. The policy owner's or certificate holder's fact that the viator has the right to rescind a viatical settlement contract before the earlier of the 30th day 30 calendar days after the date upon which the viatical settlement contract is executed by both all parties or the 15th day 15 calendar days after the date upon which payment is received by the viator as provided in section 6809; and.__If exercised by the viator, rescission is effective only if both notice of the rescission is given and repayment of all proceeds and any premiums, loans and loan interest to the settlement provider is made within the rescission period.__If the insured dies during the rescission period, the settlement contract is deemed to have been rescinded, subject to repayment of all proceeds and any premiums, loans and loan interest to the settlement provider;