Funding life settlement policy purchases is usually done by hedge funds and institutional funders. These investors have a life settlement company manage the purchasing and funding life settlement policy purchases so that the investors see the return on investment, but do not have to deal with the daily work of managing portfolios of hundreds of life insurance policies.
Those funding life settlement policy purchases rarely if ever see the actual client information, and those that do see the information are bound by federal Health Insurance Protection and Accountability Act (HIPAA). Those that see the policy information are doing so in order to service the policy and for no other reason.
There are those funding life settlement policy purchases that are not institutional or hedge fund investors, and these are the funding sources that you should be leery of. Make sure you know who is buying your life insurance policy, if for nothing else but for a piece of mind.
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