The Mutual Benefits Corporation (MBC), a life and viatical corporation based in the US, is targeting...
The Mutual Benefits Corporation (MBC), a life and viatical corporation based in the US, is targeting UK intermediaries. MBC takes people with life insurance policies who want to sell their policies as they approach death and matches them with investors who either purchase part or all of the policy. The investor is recorded on the life insurance policy and as a result receives the pro-rata payment of the death-benefit directly from the insurance company when the insured person dies. Viatical and life settlements create a secondary market for the sale of people's life insurance policies ...
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