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Selling life-insurance policies on the secondary market is an increasingly popular way for investors to capitalize on one of life''s surest events: death.
Investors, including some major players on Wall Street, buy the policies in bunches, pay the premiums and collect millions upon the death of the insured.
First introduced in the late 1990s, the life-settlement industry has swelled to at least a $12 billion market, according to Connecticut-based Conning Research & Consulting Inc.
Added on: Mon Jul 27, 2009 10:27 am by :
RupertWBradson
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