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Friday, February 15, 2008

Wet Paper Life Settlements

We keep hearing about the term "Wet Paper Life Settlements". This can usually refer to life settlements that are sold before the life insurance policy passes the 2 year contestable period.

Wet Paper Life Settlements that are policies that are issued are usually premium financed and have certain restrictions involved before being sold. Non-issued but approved policies have other restrictions including structuring of the trust, proving insurability, etc..

It is important to know that Life Insurance Companies will strictly underwrite new policy issues for seniors. If you cannot provide an insurable interest you could lose your license for fraud.

Call 1-888-973-8377 to see if we can assist with any potential, and inform you with the truth about Wet Paper Life Settlements.