Buying The Beneficiary Position On A Life Insurance Policy May 2026

Viaticals involve terminally ill insureds; life settlements typically involve seniors with longer life expectancies.

In the industry, they call it a life settlement. To the uninitiated, it’s a "death bond." I prefer to think of it as a high-stakes bridge. I provide the capital for a man to enjoy his final years in a villa in Tuscany, and in exchange, I inherit the right to collect when his heart finally stops. buying the beneficiary position on a life insurance policy

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The first year was a game of silent observation. I checked the social media accounts of the Italian resort where he retired. I saw photos of him drinking Brunello and staring at the Mediterranean. Every month, I cut a check for the staggering premiums. It was an overhead cost, like rent, but with a person attached. Learn more The first year was a game of silent observation

Arthur didn’t look at the lawyer. He looked at me. His eyes were milky with cataracts but sharp with a residual, biting intelligence. "I understand that I am selling you my expiration date," he said. His voice was a low rasp. "I get two million now. You pay the premiums until I’m gone. Then you get the full four."