Senior Citizens Selling Their Life Insurance Has Become Big Business

For several years there have been advertisers on SeniorJournal.com offering to purchase life insurance policies from senior citizens, but, this industry has now reached new heights, according to a recent article in the New York Times. Today, investors are funding some older Americans to buy life insurance and then helping them find other investors willing to buy them at big profits for the original investors and the senior whose life has been insured. This transaction is also referred to as a "Life Settlement."

Senior Citizens Selling Their Life Insurance Has Become Big Business
Source: Seniour Journal
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