On May 19, 6:41 pm, Douglas Johnson <p...@[EMAIL PROTECTED]
> wrote:
> Which exposes the "ick" factor -- waiting for someone to die to get your
money
> back. I'm not against them; They provide a useful service. But I
think I'll
> invest in other things.
Yeah, I'm not sure viaticals even exist in the respectable marketplace
anymore. Life settlements (LS) have become the norm. Viaticals refer
specifically to insureds that are "terminally ill" and typically have
less than 24 months to live. Life settlements, on the other hand,
refer to all other institutionally sold life insurance policies. LS
targets those who no longer need the coverage but want more than the
cash surrender value. Viaticals focus on dying individuals who
probably still need the insurance, but unfortunately, need the money
more. The policy seller is almost assured to get screwed in a viatical
sale.
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