Florida Laws on Life Settlements
Written on August 23, 2010 – 2:05 pm | by Eden Rudduck
- firma contract 20309 image by pablo from Fotolia.com Florida regulates life settlement contracts to protect consumers and investors. Life settlements date back to the 1980s, when they were known as viaticals. Viatical settlement companies brokered the sale of life insurance policies from terminally ill consumers to investors. Viaticals were particularly popular among AIDS patients who would sell life insurance policies for less than they were worth so that they could pay for expensive treatments and live longer. Companies and investors eventually moved beyond the terminally ill to purchase policies from senior citizens.