Life Partners Holdings (LPHI) corporate fraudLife Settlements (Viatical) Lawsuit

Life Partners Holdings (LPHI) corporate fraudLife Settlements (Viatical) Lawsuit

Life Partners Holdings INC (LPHI) Life Settlements (Viaticals)

Information about the Life Partners Life Settlements (Viaticals) Lawsuit on ArticlesBase.

Viatical Settlements

A viatical settlement will allow you to invest in an additional person's life insurance policy. When the seller dies, you gather the death advantage.

Your return depends upon the seller's life expectancy and the actual date he or she dies. If the seller dies ahead of the estimated life expectancy, you could obtain a greater return. Viatical settlements can be risky investments. To uncover out who your state insurance regulator is, please check out the internet site of the National Association of Insurance Commissioners. The Federal Trade Commission also has information for these who are thinking about promoting their life insurance policies.

What is a life settlement?

A spouse might have died, young children may well have grown up, or a corporation with life insurance on a important officer may well have been sold or gone out of organization. Other policy owners could have difficulty producing premium payments or merely will need money. In such circumstances, many policy owners surrender their policies or let their policies lapse by ceasing to make premium payments. How does a life settlement take place and who are the parties involved?

In some cases, the policy owner might be solicited straight by a life settlement broker. Life settlement brokers may well also be life insurance agents or securities brokers. Depending on the specifications of the states in which they do organization, life settlement brokers might be licensed.

The life settlement broker obtains the insured's authorization to release medical records and forwards the policy owner's application and medical details to one particular or much more organizations known as life settlement providers. Several, but not all, states regulate life settlement providers, who also charge a commission.

The life settlement provider obtains life expectancy estimates on the insured and bids on the application. The return on a life settlement depends on the insured's life expectancy and the date of the insured's death. If the insured lives long adequate or if life expectancy is miscalculated, additional premiums might require to be paid and the cost of the investment could be higher than anticipated.

Life Partners Holdings (LPHI) Life Settlements (Viaticals) Lawsuit

The competence of a life expectancy underwriter and the accuracy of the life expectancy estimate are critical to the return on a life settlement.

Life settlements can give rise to privacy concerns. Traders, on the other hand, want access to the insured's medical and other private facts to assess the advisability of their investment and to monitor it on a continuing basis.

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