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Subject:  Re: Low CD RAtes Date:  4/14/2008  5:48 PM
Author:  cliff666 Number:  12847 of 20590

He does have a John Hancock Life insurance policy which they bought as a life settlement.
It is a 45 month term at 9%. If the policy owner dies, the policy will pay off, if not a Bond company pays. The broker tells me that it is safe and sure.

I understand what a life settlement is, but have not heard of selling it off to investors in chunks. Is this all legit and one way of earning more on your money?

Hope someone with experience can help
Thanks much,

Sounds different from but similar to a viatical settlement. If it's a viatical, don't do it. In any case due a lot of due dilligence on that bond company. If something sounds too good to be true, it probably is. There are plenty of people still picking up the pieces from viatical settlements ten or more years ago (Including me.)

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