Message Font: Serif | Sans-Serif
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev | Next
Author: fooldaveonce One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19599  
Subject: "Viaticals" Date: 9/28/2001 2:52 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
I have received information from U.S.-Financial Resources Inc. concerning its "Absolute Assurance Life Settlements" program. The company "guarantees" (through insurance by Lloyd's of London) both principal and profit (10.5% to 12.6% annual).
Basically, the company offers "insured return life insurance settlement," which means buying the beneficiary rights to a life insurance policy of someone whose life expectancy is between three and eight years.
Aside from the morbidity of the concept (the company says its program does good things for the near-dead by helping pay off medical bills or giving them one last fling), does anyone have thoughts on this?
The minimum investment is $10,000.
With CD rates in the 3% to 4% range and money market accounts in the tank, this sounds too good to be true.
Anyone have any comments -- especially anyone with experience with the so called "viaticals?"

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev | Next


Kiddie Card Board
Should kids have their own credit card?
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Saul's Investing Discussions

INBK Q1 2015 Earnings Analysis
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.