Preventing Life Settlement Fraud in NY

Jun 9, 2015 | Caregiving

life-settlement-fraud-pdfWhat is a life settlement?

A life settlement is a lawful and regulated transaction under New York State law. A “life settlement” can be defined simply as the sale of a life insurance policy by the policy owner to a licensed Life Settlement Provider. The original owner is paid an amount more than the cash surrender value that the owner could obtain from the insurer, and less than the current death benefit payable under the policy…

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