Where does the value come from? I can’t sell my car insurance policy so how is life insurance different?
Who is buying them and why?
UK based if it makes a difference
In: 5
It’s not a ‘sale’ so much as a trade. They’re trading the future lump sum payment for a smaller one now. The person on the other side of the trade gets the future payment.
It works because a funded, vested life insurance is basically guaranteed to pay out, eventually. Everyone dies. It’s just a matter of timing.
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