What Does Life Settlements Mean?
What does Life Settlements mean? Read on to discover the definition & meaning of the term Life Settlements - to help you better understand the language used in insurance policies.
Life Settlements
a contract or agreement in which a policyholder agrees to sell or transfer ownership in all or part of a life insurance policy to a third party for compensation that is less than the expected death benefit of a policy.
We hope the you have a better understanding of the meaning of Life Settlements.
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