Insurance Settlement
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Life settlement - A life settlement is a financial transaction in which a senior citizen possessing an unneeded or unwanted life insurance policy sells the policy to a third party, as opposed to surrendering it back to the life insurance company. The seller receives immediate cash for the policy from the purchaser.
Viatical settlement - A viatical settlement is the sale of a life insurance policy by the policy owner, before the policy matures. Such a sale, at a price discounted from the face amount of the policy but usually in excess of the premiums paid or current cash surrender value, provides the seller an immediate cash settlement.
Property insurance - Property insurance provides protection against risks to property, such as fire, theft or weather damage. This includes specialized forms of insurance such as fire insurance, flood insurance, earthquake insurance, home insurance or boiler insurance.
Mary Ansell - Mary Ansell (1877-1899) was a English house maid who poisoned her sister Caroline in order to obtain a small insurance settlement. Mary sent a cake to the Leavesden Asylum where Caroline resided.
insurancesettlement
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