Who will end up owning my policy?

Submitted by netdividend on Tue, 09/14/2010 - 08:06

I'm thinking about a life settlement, but I'm apprehensive about who will end up owning my policy. I have this vision of some company eagerly waiting for me to die, or worse. Is there some form of protection or built in anonymity for me once my policy is sold?

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Comments

cabroker1 year ago

Established Commercial Funding Sources

You should insist on working with established commercial funding sources. Commercial providers will keep their policies in "blind pools". Your policy is known only by account number and neither employees or investors can access your personal information until there is a claim or need to know.

vageshu1 year ago

If it makes you feel any

If it makes you feel any better, life settlements aren't the only situation where someone else has an interest in your death. For example, anyone who retires with a pension benefits the company if they die early. I'm sure GM and Ford know exactly who their big retirement recipients are. Should they fear for their lives?