s is a life insruance policyowner and enters into a written agreement to receive immediate cash in exhage

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02-09-2022
Business

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s is a life insruance policyowner and enters into a written agreement to receive immediate cash in exhage

Sagot :

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2.3 + 6.82 ÷ 3.74 + 1.09

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AnnuG AnnuG · Answer 1 · 2022-09-08T06:07:35-04:00

S, a life insurance policyholder, signs a formal agreement to sell and transfer her life insurance policy in exchange for instant cash. A Viatical Settlement is the name given to this arrangement.

A contractual settlement is a written agreement to give a life insurance policy holder instant cash in exchange for the sale and transfer of a life insurance policy. A contract between an insurance policy holder and an insurance company in which the insurer agrees to pay a quantity of money in exchange for a premium upon the demise of an insured person or after a specific amount of time is known as life insurance.

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