{"id":4373,"date":"2007-02-14T10:57:05","date_gmt":"2007-02-14T10:57:05","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2007\/02\/nasd_warns_seniors_about_selli"},"modified":"2022-03-28T13:38:55","modified_gmt":"2022-03-28T18:38:55","slug":"nasd-warns-seniors-about-selli","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/nasd-warns-seniors-about-selli\/","title":{"rendered":"NASD Warns Seniors About Selling Life Insurance Policies For Cash"},"content":{"rendered":"

The NASD has issued an Investor Alert warning senior citizens regarding the risks that come with selling their life insurance policies for “senior settlements” or “life settlements”- transactions that are paid in cash.<\/p>\n

In its alert, the NASD says that while life insurance policies can be liquidated for cash, the costs that come with receiving a life settlement can be high, while negatively affecting a person’s finances. In addition, it is not easy to know whether or not a person is getting a fair rate for his or her policy. Factors to consider when thinking about whether or not to sell a life insurance policy include evaluating transaction costs, the financial effect of the sale, and the price to be received for the settlement. The NASD warns that it doesn’t have jurisdiction over all life settlements-only those connected to variable policies. It therefore cannot deal with any complaints involving other kinds of life settlements.<\/p>\n

What Is a Life Settlement and How Does It Work?<\/strong><\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

The NASD has issued an Investor Alert warning senior citizens regarding the risks that come with selling their life insurance policies for “senior settlements” or “life settlements”- transactions that are paid in cash. In its alert, the NASD says that while life insurance policies can be liquidated for cash, the costs that come with receiving […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3803],"tags":[],"class_list":["post-4373","post","type-post","status-publish","format-standard","hentry","category-senior-investors"],"yoast_head":"\nNASD Warns Seniors About Selling Life Insurance Policies For Cash — Investor Lawyers Blog — February 14, 2007<\/title>\n<meta name=\"description\" content=\"The NASD has issued an Investor Alert warning senior citizens regarding the risks that come with selling their life insurance policies for "senior — February 14, 2007\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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