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Life Settlement Firm To Buy Smaller Policies

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Advanced Settlements Inc. says it will be handling a wider range of life insurance policies.

Advanced, Orlando, Fla., says it now will arrange life settlements for some life insurance policies with death benefits as low as $50,000.

The insureds submitting the smaller policies must be ages 65 to 90 and fill out a simplified underwriting questionnaire, Advanced says.

In the past, companies that arranged life settlement transactions tended to focus on policies with death benefits of $250,000 or greater.


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