Quiz question: what is a smaller face value?
May 13, 2008 – 2:13 pmThe question was: Some life settlement companies are beginning to look at the idea of buying smaller face value policies than settled in the past. What was considered the traditional “floor” value of a policy to be sold on the secondary market?
a) million
b) million
c) 0,000
d) 0,000
The answer is: c). In past years, 0,000 was considered to be the traditional floor value of a life policy sold in the secondary market. Now the floor is going lower. click here for related article
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