Life settlement is fairly straightforward. As the policy owner, you sell your life insurance policy to an individual or a life settlement company in exchange for cash. The new owner will keep the policy in force (by paying the premiums) and reap a return on the investment by receiving the ...
Betting on Death or Just Cashing In?: Taking a Look at the Life Settlement Industry Through the Lens of Kramer V. Phoenix Life InsuranceThe article presents information on the Stranger Originated Life Insurance (STOLI) transactions with reference to the trial of Kramer v. Phoenix Life Insurance ...
Quinlan:I recently met with a financially successful woman who deposited several hundred thousand dollars into a single premium life insurance policy (creating over $1 million in death benefits at her death). She named her three grandkids as beneficiaries. Nice gift for her grandkids, right? How...