Read More: Wm. Scott Page, Texas, The Lifeline Program, Viatical, Medicaid, Life Insurance, Life Insurance Settlements, Moody's, Life Settlements, Fifty News
While the Texas law may not be good news for insurance companies, it opens up a whole new range of possibilities for those facing daunting healthcare costs. It brings a new mark of legitimacy to life settlements while helping those most in need pay for medical care.
Wall Street has realized that the desperately ill are willing to sell their life insurance policies at a deep discount to get the money they need for their final expenses, a practice bankers call "life settlements."