Buying The Beneficiary Position On A Life Insurance Policy File
The buyer must pay all future premiums to keep the policy in force; failure to pay results in a total loss of investment.
In the industry, they call it a life settlement. To the uninitiated, it’s a "death bond." I prefer to think of it as a high-stakes bridge. I provide the capital for a man to enjoy his final years in a villa in Tuscany, and in exchange, I inherit the right to collect when his heart finally stops. buying the beneficiary position on a life insurance policy
"You understand the terms, Mr. Vance?" the lawyer asked, sliding a thick stack of documents across the mahogany desk. The buyer must pay all future premiums to
My heart plummeted. If there was fraud, the insurance company could contest the payout. "What are you talking about?" I provide the capital for a man to
He signed. I watched the ink dry on the beneficiary change form. My name, Elias Thorne, replaced his estranged daughter. With that stroke of a pen, I became the person most invested in Arthur Vance’s mortality.
Should the story focus more on the between Elias and the insurance company?