What Does Life Settlements Mean?

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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

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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