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Life settlements specialist Michael Abraham talks about the latest news on traded life policies and life settlements.
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Latest:
2 trillion dollars of life policies lapse every year.
20 trillion being purchased of which 18 trillion are term policies.
Only 1% of polices have been settled.
In the GAO 2006-2009 (General Accounting Office – an independent nonpartisan federal agency) it was noted that policy holders received 5.6 billion dollars above surrender value (SV) which is 11 times SV.