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What are the pros and cons of Senior Settlements?

Updated: 8/20/2019
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10y ago

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The pros of Senior Settlements are, that seniors participated in the settlement, will benefit from the following: sell life insurance to a third party for payment, or have been diagnosed with a terminal condition and want/need money before they die. The cons are the senior will lose the policy once it is sold, and the senior payment will go to the third party that buys the policy and not to the heirs.

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10y ago
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Q: What are the pros and cons of Senior Settlements?
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