RESALE OF LIFE INSURANCEAppeals court ruling on viaticals stands (The State)
Tuesday, December 4th, 2007WASHINGTON The Supreme Court declined Monday to rule on a case that tests whether states can regulate the sale of life insurance by policyholders to investors, a practice known as viatical or life settlements. Under viatical settlements, individuals sell their life-insurance policies for less than face value to third parties, including investors such as hedge funds, in order to realize an …
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[Source: Yahoo! News Search Results for Life Insurance]
