AARP - Viaticals: Watch Out
http://www.aarp.org/money/credit_debt/a2002-10-01-FraudsViaticals.html Investing in a life insurance settlement promises big profits with low risk. This article focuses on the very real risks involved. Learn how to spot viaticals, one of the top ten investment scams.Connect with the AARP Community. James thought he was doing the right thing when he invested $50,000 in a viatical contract. The retired investor was told he would be making a humanitarian investment by purchasing the life insurance policy of a terminally ill person and that he could expect a large Life > Viatical and Senior Settlements buying someone's life insurance policy discounted insurance policies financial planning insurance fraud insurance sales insurance scams
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Non-profit resource site describes viatical settlements, their history, benefits, and potential problems.
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Describes the process, including what policies are eligible, who qualifies to sell a policy, and points to consider.
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Investing in a life insurance settlement promises big profits with low risk. This article focuses on the very real risks involved.
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Offers information, including pros and cons, on viaticals and life insurance settlements.
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Encyclopedia article including information such as how it works, history, and fast facts.
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