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Life Settlement
Educational Information
Welcome Funds has compiled every term, phrase & definition related to life settlements. Have more questions? Call us toll-free at 1-877-227-4484 or complete our Quick Online Qualifier to determine your eligibility.

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DEFINITION OF DUPLICATE POLICY

A carrier issued, duplicate copy of the full or partial original life insurance policy that was given to the Policy Owner at time of issue. Note, a carrier will usually charge a fee to obtain this duplicate copy. Once issued, this becomes the actual asset that a Policy Owner owns and the original policy is voided, even if it is found at a later date.

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