In regards to life settlements, this article is not completely true. The policy does not have to be a whole life and does not have to be a minimum of $250,000 in face value. I know of a provider (<a href=’http://www.milestonesettlements.com’>Milestone Providers, LLC</a>) that purchases policies as low as $50,000 in face value and the policy can be a Universal Life, Whole life, term policy (must be convertible), and Survivorship Universal Life.
http://www.milestonesettlements.com/
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