Is it legal for Seniors to sell their excess Life Insurance Capacity to an institutional investor with the understanding the beneficiary of the policy is who they get money from

Answers:3   |   LastUpdateAt:2012-08-07 16:22:44  

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cI heart ▎ ╰ つ -
Asked at 2011-12-12 20:21:46
Is it legal for Seniors to sell their excess Life Insurance Capacity to an institutional investor with the understanding the beneficiary of the policy is who they get money from
Answer1naan thrower Answered at 2011-12-12 20:55:16
Yes, it's legal, and is called a life settlement .
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