Georgia probes Life Insurance Scams Viaticals integration

Aa national agency of a criminal investigation by brokers and companies, buying and selling of insurance contracts on the lives of sick people terminal.

Arrests could be soon, according to a letter from Georgia’s Insurance Department for insurance agents.

The insurance division under investigation for several months, centres of a new investment SCAM, Aufschweißen in Florida and elsewhere, it will viatical settlements.

In these transactions, a person with an incurable disease sells life insurance to a percentage of the nominal value in cash for the remainder of residence or medical expenses.

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