Not exact matches
A company or business
entity will
purchase a
life insurance policy on an owner, founder, or another key employee, and pay the premiums on the
life insurance policy.
Sometimes a group of investors or other financing
entity will provide the capital the
life settlement provider uses to
purchase life insurance policies from consumers.
A key step in
purchasing a
life insurance policy is choosing your
life insurance beneficiary — the person (or
entity) who will receive the cash benefit from your
policy after you die.