Get a Life, Plus Cash, for Insurance Policy

Need money? Got a cash-value life insurance policy? Not feeling too well these days? You may be approached to sell your policy to an investor for cash up front. Maybe that's a good idea, but maybe not. You might part with a valuable policy unnecessarily and incur taxes you didn't expect.

I'm talking about the life-settlement industry, which appeals to older people seeking cash.

Get a Life, Plus Cash, for Insurance Policy
Source: Bloomberg