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Coventry Direct
Old 02-12-2018, 10:09 AM   #1
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Coventry Direct

Anyone have an experience selling a term life insurance policy for a “life settlement” similar to what Coventry Direct promotes?

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Old 02-12-2018, 10:27 AM   #2
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Hmmm, haven't heard of this before. My take is they are buying the policy from you and become the beneficiary?

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Old 02-12-2018, 11:41 AM   #3
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I have seen the ads. While I am not certain what they are doing, I suspect they will only be interested in a term policy if the insured has been diagnosed with an incurable malady. They would simply be advancing the death benefit. Obviously, they will take a hefty fee, similar to a viatical. But, once again, I am only guessing.
"Oh, twice as much ain't twice as good
And can't sustain like one half could
It's wanting more that's gonna send me to my knees" - John Mayer
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