-find person above age 55 that's still insurable
-find person above age 60 is better
- sell life insurance policy to them.
- finance there premiums
- sell life insurance policy to viatical company (life settlement company).
why would you do this?
- as a agent you will make commissions on the premium and the loan.
- You will get a referral bonus for the life settlement company.
Why would the insured do this?
- they can get 1/4 to 1/3rd of the face value of the coverage paid out to them in advance no questions asked.
Legalized insurance fraud