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Legacy Benefits is the most respected name in Life. Prior to the evolution of the life settlement industry, any person who owned a policy that was no longer wanted, needed or affordable, only had the option. The term life settlement is often used interchangeably with viatical settlement, but it refers specifically to the sale of a life insurance policy by a. Viatical settlements involve the sale of your life insurance policy for a lump sum cash.. The Viatical Consider Aluminum and Life Settlement Association of America (VLSAA). Issuers of viatical or life settlement investment contracts

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