Buying The | Beneficiary Position On A Life Insurance Policy

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.

I was twenty-nine, possessed a predatory line of credit, and was about to buy his death. buying the beneficiary position on a life insurance policy

The buyer must pay all future premiums to keep the policy in force; failure to pay results in a total loss of investment. In the industry, they call it a life settlement

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. I was twenty-nine, possessed a predatory line of