Tanya, who is terminally ill, has a $500,000 cash value policy. Tanya has significant medical...
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Tanya, who is terminally ill, has a $500,000 cash value policy. Tanya has significant medical bills and is unable to work to cover those bills. Tanya is approached by a company that buys life insurance policies through viatical settlements. If Tanya sells the policy to the company,
| A. | she will receive less than the face value of the policy. |
| B. she will receive annual income for the rest of her life. |
| C. she can tap into the cash value of the policy while still keeping the policy in effect. |
| D. | she will receive the full face value of the policy. |
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