About those seasoned, old life insurance policies that we think we don’t need any more: Neighbor will remember, we’ve explored the various options about what to do with them. Now surging also is the “life settlements” business. Now the profit seeking speculators in the business are being joined by the long term care facilities who are willing to buy your policy from you as an alternative to accepting an “assignment”, thus assuring that it will stay in force until you die and they can file a death claim to cover part of your bill.
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