Friday, February 09, 2007
NASD Investor Alert Cautions Investors About Life Settlements
NASD today warned seniors about the potential pitfalls of selling their existing life insurance polices for cash in transactions known as "life settlements" or "senior settlements."
The transaction involves selling a life insurance policy that's no longer wanted or needed to a third party -- a person or business entity other than the insurance company that issued the policy -- typically for more than the policy's cash surrender value but less than its net death benefit.
NASD Investor Alert Cautions Investors About Life Settlements
Source: PR Newswire
The transaction involves selling a life insurance policy that's no longer wanted or needed to a third party -- a person or business entity other than the insurance company that issued the policy -- typically for more than the policy's cash surrender value but less than its net death benefit.
NASD Investor Alert Cautions Investors About Life Settlements
Source: PR Newswire
Permalink posted by armandn @ 9:47 AM 
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