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Posts from ‘December, 2008’

Universal Settlements may have to let policies lapse

A life settlement funder/provider (Universal Settlements International, Inc.) is running out of money to pay premiums of settled cases they hold in their portfolio.
He writes in an affidavit filed in court there will be no money to pay premiums on $13 million worth of policies in February, $10.3 million in March and $3.7 million in [...]