Anyone know about investing in life settlements?

[Burnt C6]

I was given some investment info on buying life insurance policies from old people. Basically the group of investors pay their premium and receive the death benefit when they die. Less fees and all the other stuff the company you are investing with takes out. Has anyone heard of these or know of anyone who has done it?

Retirement Planning, College Savings & Personal Investment - Bank On Yourself (http://www.bankonyourself.com)

LPI (http://www.lifepartnersinc.com/default.html)

[DAB]

that's a game for rich guys. how rich are you?

[Burnt C6]

that's a game for rich guys. how rich are you?


I'm on this forum so I must have Bank. :D

[Admiral Blue]

Yes. While I have never advised a client to buy or sell a policy, I know it is a very complicated arena and it is far less lucrative now than it used to be.