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Simple English definitions for legal terms

Investor Protection Guide: Viaticals

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A quick definition of Investor Protection Guide: Viaticals:

A viatical settlement, also known as a life settlement, is when someone who is very sick sells their life insurance policy to someone else for less than the policy's value. The buyer gets the money when the seller dies. This can be a risky investment because the buyer doesn't know when the seller will die. If the seller dies sooner than expected, the buyer makes more money. But if the seller lives longer, the buyer loses money. Before buying a viatical settlement, investors should do research and ask for advice from their state insurance commissioners.

A more thorough explanation:

A viatical settlement, also known as a life settlement, is when someone sells their life insurance policy to another person for less than the death benefit. The seller is usually someone who is terminally ill and wants to cash out their policy before they die. However, people who are not terminally ill can also sell their policies. The buyer of the policy will collect the death benefit when the seller dies.

Viatical settlements can be risky investments. Salespeople who earn large commissions may pressure investors to buy them. The return on a viatical investment depends on the seller's life expectancy and the actual date of death. If the seller dies before the estimated life expectancy, the investor will receive a higher return. But if the seller lives longer than expected, the investor's return will be lower. The investor may even lose part of their investment if they have to pay additional premiums to maintain the policy.

For example, if someone buys a viatical settlement for $50,000 and the death benefit is $100,000, they will make a profit of $50,000 when the seller dies. However, if the seller lives longer than expected and the investor has to pay additional premiums, they may lose some of their investment.

Before investing in viatical settlements, investors should do their research and ask their state insurance commissioners for more information.

For more information, see: , National Association of Insurance Commissioners (NAIC).

Investor Protection Guide: Systematic Investment Plan (SIP) | invidious discrimination

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9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
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