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In a message dated 4/19/99 9:06:12 AM Pacific Daylight Time,
gmkramer@xxxxxxxxxxxx writes:
<< There was an episode on "Dateline" or Primetime or one of the other news
shows within the last year about these viatical settlements for Aids
patients. Investors were buying an interest in the discounted life
insurance proceeds with the expectation that the insured individuals would
pass away shortly. >>
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This is also a dwindling market because practically all insurance policies
issued in the last 10 years have a provision that allows for the patient to
get most of the insurance proceeds directly from the insurance company in
these situations. They would have lost heavily on me because I was diagnosed
with terminal cancer back in 1989. Of course, I may be the only person to
survive this type of cancer when it is first diagnosed as stage 4,
metastasized. (Stage 5 is death and metastasized means it had spread
throughout the lymph nodes). The investors on my policy would have really
been upset.
Lynn
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