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Settlement Broker Seeks AIG Policies

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Settlement SYNC says it can find new buyers for in-force life insurance policies underwritten by units of American International Group Inc.

The policies must have a death benefit of at least $50,000 and insure an insured who is at least 70 years old, according to Settlement SYNC, New York, an arm of Big Blue Turtle Inc.

The firm says it has relationships with about 24 institutional investors.

The firm notes that it is seeking queries from turnaround specialists, asset advisors and portfolio managers as well as from insurance agents.