Life Settlement Company Investment Scam
Texas Lawyer Pleads Guilty to Life Settlement Investment Scam
A lawyer, Mackert, in Spring, Texas has pleaded guilty to a life settlement investment scam.
What Are Senior Life Settlements?
Senior life settlements are transactions where investment groups or companies will purchase permanent policies from older people in exchange for cash which is less than the face value, but more than the owner could get if they sold the policy back to the insurer.
The investment companies make money when the insured people pass away, and they collect the proceeds of the policy. Since they purchased the policies for less than the death benefit, this difference is their profit.
Categories: Insurance Scams Tags: Life Insurance, life settlements, seniors
Single Premium Life Insurance Explained
Explain Single Premium Life Insurance (SPLI)
As the name implies, single premium life insurance (SPLI) is funded with one large payment. This is different than 
paying monthly premiums like most of us are used to. Since this is whole life, that one lump sum payment will guarantee that the death benefit will be payed upon the insured person’s death. As with any other life policy, the premium will vary by the insured person’s health and age, the insurance company, and the amount of the death benefit.
Categories: Life Insurance Tags: estate, Life Insurance, retirement, single premium life
ROP Pays You Back!
Return of Premium (ROP) Gives Back Money
What if you could purchase an insurance policy, be lucky enough not to ever use it, and then get all of your money back at the end. This would seem like a win-win situation. You would be protected, but if you never needed to make a claim, you could get all of your premiums back in a nice check.
Well, this situation does exist in the real world sometimes. You can find return of premium term life insurance policies. You will still purchase your policy to last for a specified amount of time, like 20 or 30 years. Then, when the policy expires, if nobody has collected on the policy, a check comes back for the amount of all of the premiums paid.
Categories: Life Insurance Tags: Life Insurance, return of premium, rop, term life
How Life Insurance Policies Work
A life assurance policyholder pays a certain amount of money in his or her lifetime to an insurance company to 
safeguard their future or the future of their dependants. People do this by paying the insurance company a premium either at regular intervals or in one sum depending on the type of life assurance policy. In the event of the policyholder’s death, his or her dependants receive the stipulated amount that has been paid for in the policyholder’s lifetime, which helps greatly especially in case their children are young and incapable of looking after themselves.
Categories: Life Insurance Tags: Life Insurance, term life, universal life, whole life
