Life Settlement policies
From WallStreet JournalA Study about keeping a life insuance policy vs selling it. You sell the policy because you don't have money to pay the premiums or you don't have any beneficiaries. For others, the study mentioned 2 reasons why we should keep it - selling has high transaction costs; on average you get only 20% when it is worth 64% of the face value.
posted by Valli @ 9:31 AM
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