Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Old 04-20-2015, 01:15 PM   #41
Full time employment: Posting here.
Join Date: Mar 2011
Location: Dallas
Posts: 528
Originally Posted by Big_Hitter View Post
it's called reinsurance
Reinsurance is when a company wants to "share the risk". They then take out a policy on the policy they sold that may limit their losses...If they write $1 million and only want to risk paying $200k, they'll buy another policy from the likes of AIG or Travelers for the $800k additional. If you die, they only pay $200k...

I was talking of a company (or individual) who buys policies from individuals, continue to pay for the policy vs. you, and profiting if they kick the bucket...

Surewhitey is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 04-20-2015, 02:22 PM   #42
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
Join Date: Nov 2010
Location: Vermont & Sarasota, FL
Posts: 21,674
Surewhiety, I think Big_Hitter is an actuary so there is no need to explain what reinsurance is to him. But I suspect he is a pension actuary, and life/viatical settlements such as you described were new to him. Just an educated guess on my part.

If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56...60/35/5 AA
pb4uski is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
A Phone Call...From Mystery to Happy easysurfer Other topics 8 10-12-2014 12:08 PM
Firecalc and a phone call Lisa99 Life after FIRE 6 03-13-2012 09:31 PM
Not a house call, a bar call... REWahoo Other topics 5 11-18-2010 01:28 PM
Strange phone call REWahoo Other topics 32 03-28-2010 10:04 AM
No Call List? What No Call List? mickeyd Other topics 5 10-04-2006 09:50 AM

» Quick Links

All times are GMT -6. The time now is 03:12 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2019, vBulletin Solutions, Inc.