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insurance

Life settlements investment

November 16, 2010 by · Leave a Comment 

The practice of life settlements investment is growing. Yes, it may seem like a morbid way of making money, but it is legal. As far as investment opportunities go, this is quite a secure one and this is why it is gaining popularity.

The whole point of going in for a senior life settlement is that you can buy cheap and reap the rewards. Buying cheap refers to buying the insurance from the seller at just over the surrender value. Then later on when the original policy holder dies, you collect the total sum that was insured. This may seem incredulous, but it is reality and financially a great way to invest.

When looking at senior life settlements insurance, try and consult a broker. Although it may seem tempting to go it alone, having a little help in the beginning always helps you to avoid any problems and avoid any pitfalls. Once you know how things work, you can try and do the negotiations yourself. Whichever way you go, be careful and try not to cheat the seller out of any money due to them. Even though this is a business deal, what you are purchasing was originally intended to be a lifeline for a loved one. Even though you are not stealing it away, you are taking it away from them (albeit legally). So while you negotiate with the seller, have a heart and don’t sit on them too hard in an effort to get the best possible price.

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