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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 POLICY TYPE

There are several main policy types including Term, Universal Life, Adjustable Life, Variable Life and Whole Life. Within these main categories, some carriers have modified the policy's chassis to create sub products based on varying payments, charges, underwriting criteria and other factors.

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