Spin-Life Policies

A vast number of seniors are selling their life insurance policies to investors. When the senior dies, the investor receives the death benefit. Further, many investors are paying for seniors to apply for life insurance, lending them money to purchase the policies and reselling these policies to speculators. These policies are known as speculator-initiated life insurance, AKA "spin-life policies."

Purchasing spin-life policies is a great opportunity for investors to help seniors live the rest of their lives without worry, while taking advantage of a highly lucrative investment. This revolutionary concept is spreading across the country like wildfire, and savvy investors are cashing in. In fact, investors predict that spin-life policies worth up to $13 billion will be sold in 2007.

While investors experience huge financial gain by purchasing spin life policies, seniors also reap the rewards. Many seniors sell their policies because they desperately need the money for medical care and living expenses due to depleted bank accounts and the exorbitant cost of healthcare.

In 2006, the Financial Accounting Standards Board issued rules allowing investors to record spin-life policy purchases as profits immediately rather than waiting until the policyholder died, which further increased the demand for the purchase of spin-life policies by investors.

To find out how spin-life policies work, please read the article "Late in Life, Finding a Bonanza in Life Insurance" by Charles Duhigg.

If you're an investor who wants to enjoy the potential financial rewards afforded by the purchase of a spin-life policy, give our firm a call today.

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News Articles

Spin Life Policies — A $30 Billion Market
3/26/07 — AngelReyesBlog.com
After several years of remaining in the shadows, spin life policies are now squarely in the limelight. (read more...)

Life Settlements — Senior Life Insurance Policies
3/26/07 — AngelReyesBlog.com
Life settlements, for seniors with life insurance, are a terrific way for seniors, who no longer need life insurance, to free up substantial amounts of money that can be used as the policy holder sees fit. (read more...)

Wealthy Seniors Find Bonanza with "Spin-Life" Policies
12/17/06 — Spin-Life-Policies.com
Trading in life insurance policies held by wealthy seniors has quietly become a big business. Hedge funds, financial institutions like Credit Suisse and Deutsche Bank, and investors like Warren E. Buffett are spending billions to buy life insurance policies from the elderly. (read more...)

Deals & Suits: Cigna Insurance Lawsuit
5/31/99 — By Angela Ward
Jim Orr of Hurst and Joe Fisher II of Beaumont won a $1.4 million verdict May 20 in a personal-injury suit against Cigna Insurance Co. of Texas. The verdict, which came after a week-long jury trial before 136th District Judge Milton Gunn Shuffield of Beaumont, awards $545,000 in actual damages and $900,000 in punitive damages. (read more...)