Shop Talk: Life settlement as a wealth management tool

Did you know that almost 88 percent of universal life insurance policies do not result in a payment or claim? In 2014, $602 billion of individually owned insurance benefits lapsed or were surrendered. Life settlement companies are trying to change that by purchasing existing life policies in return for cash. GWG Holdings executives Michael Freedman and Bill Acheson explain how it works. (06/2016)

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