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Q. Is this the same thing as a viatical settlement?
A. No. A viatical settlement is the sale of a life insurance policy
or certificate issued on the life of a person who has a catastrophic
or life threatening illness or condition that is likely to result in
death within 84 months. A senior settlement is the sale of a life
insurance policy or certificate that issued on senior with limited
life expectancies of under 12 years.
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