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How does life settlements work?
Say you have an 87 yr old decent shape (for 87../smile) with a 100k paid up policy.
What would that person receive as an offer? Thinking- 50-60%?
Next, aren't Life companies going to start to disallow these sales in the future for new policies?
How closely is this regulated?
Can see alot of potential abuse from agents to greedy family members/care givers.
Say you have an 87 yr old decent shape (for 87../smile) with a 100k paid up policy.
What would that person receive as an offer? Thinking- 50-60%?
Next, aren't Life companies going to start to disallow these sales in the future for new policies?
How closely is this regulated?
Can see alot of potential abuse from agents to greedy family members/care givers.