investing in insurance policies - Posted by Robert

Posted by Jimmy on October 29, 2007 at 05:32:45:

do a websearch for viatical and Mort Greenberg !! one of the few players in this space who is reputable.

I always steered my clients away from this garbage, because it was not in their interest to sell their LI policies at steep discounts. and the viatical people I met along the way were slimy b@stards. Mort was the exception.

If you want to get in this with YOUR OWN MONEY, go for it. If you want to use OPM, forget about it. better talk to a securities attorney before you do anything. and have lots of insurance to cover your errors and omissions. expect to be sued by your investors when things don;t go as planned.

investing in insurance policies - Posted by Robert

Posted by Robert on October 25, 2007 at 16:48:55:

Where would I go or go about finding investors who will buy
insurance policies?

Buyer beware - Posted by blogger

Posted by blogger on October 26, 2007 at 13:13:47:

Be very cautious about buying any LI policies as there’ve been lots of cons and shady promos on this.

And think about this: what can you really promise any would-be buyer or investor?

You certainly can’t guarantee a pay-off date or even come close with 99% of all living beneficiaries.

And finally, would YOU buy such?

Life Insurance policies? - Posted by Jimmy

Posted by Jimmy on October 26, 2007 at 04:49:42:

if you’re talking about LI policoes, there are several players in the game. the process of transferring a LI policy to an investor inknown as a viatical settlement. became popular in late 80’s as doomed AIDS patients sold off policies to get cash while they were alive. as it turned out, the early investors made money, and the later ones did not. the protease cocktail treatment allowed a lot of otherwise dead people to live indefinitely.

do a websearch for “viatical mort greenberg”. Mort heads up one of the best known (and reputable) viatical companies. he won’t mess around with little stuff,however.

Re: Buyer beware - Posted by Robert

Posted by Robert on October 29, 2007 at 04:52:19:

The very fact that there are millions of these(Cash value variety) seems to me that someone values them. If you’re looking to buy groceries next week, not a good deal. If you want to finance a college education, well… Guarantee? How about control and little to no downside risk? I do appreciate your comments. As you can tell I see LI in a different light. Yes, I see myself buying.

Re: Life Insurance policies? - Posted by Robert

Posted by Robert on October 29, 2007 at 01:13:04:

Thanks Jimmy. Anything you can think of would be helpful. Any mentors out there? Are you? I would like to know terms if one wants to bring in investors. You know any one doing this? Thanks for your help.