12-08-2008, 03:10 PM
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Confirmed User
Industry Role:
Join Date: Jun 2002
Location: Medellin, Colombia
Posts: 6,445
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Quote:
Originally Posted by mona_klixxx
Hidden ones, at least...
There is also something called Viaticals...Basically, somebody is terminally ill, they have a life insurance policy and want to cash out. So, an investor buys a, let's say 500,000 life insurance policy for 350,000 (they give the owner/beneficiary the cash), and the policy is then signed over to them. When the person passes away, they collect. If you want more info, let me know 
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interesting, tell me more
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