What Does Life Settlement Transaction Mean?

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What does Life Settlement Transaction mean? Read on to discover the definition & meaning of the term Life Settlement Transaction - to help you better understand the language used in insurance policies.

Life Settlement Transaction

Life Settlement Transaction

Transfer of an ownership interest in a life insurance policy to a third party for compensation less than the expected death benefit under the policy, or the sale of a life insurance policy for a dollar amount that is less than the policy's face amount.

We hope the you have a better understanding of the meaning of Life Settlement Transaction.

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