I didn’t know where else to post these questions so am posting it here..
Please people if u know the answer or know any related website tat can help please please and please post it.. I really need the answer for these questions..
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Can an agent or financial service professionals legally buy a policy from a client/policy owner, and if so are there any issues in doing so? What are some of the procedures?
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Is it legal to buy or sell a life insurance policy? Is it addressed in either federal or provincial law or regulations?
Re: Urgent, Insurance law questions…
life insurances can be bought and sold legally by investors. Investors buy life insurance policies from people who are not expected to live very long, for example. The investors buy the policy at a discounted rate. When the person who sold the policy dies, the investor receives the full amount of benefits from the insurance company.
One can sell the policy to an investment company. but for personal usage a broker is a vital link to sell a policy as they will generally know where to go to sell the policies.
more info at the Viatical Website.
Re: Urgent, Insurance law questions....
^ wow thanks alot Chat walla.. tat helped me alot.. In case if u find or got some other information about this .. Please don't forget to post it or pm me..
Once again thanks..