78522431
Nov 24, 2004
enables consumers who own a term life insurance policy to convert a lapsing term life policy into two permanent policies; They then can sell one of the new permanent policies through Life SettlementInsights and purchase SPIA (Single Premium Immediate Annuity) with proceeds from this Life Settlement transaction; The SPIA proceeds can then be used to fund other new permanent insurance policies and the remaining excess settlement cash is available for the owner's investment
Insurance and Financial