https://www.thezebra.com/resources/personal-finance/6-ways-to-use-life-insurance-while-still-alive/
" A life settlement is a financial transaction where a life insurance policyowner sells their life insurance policy to a third party for a lump sum cash payment."
Many years ago, I was offered a life insurance policy on a stranger and the payoff was substantial.
I thought on it, then said no. It’s perfectly legal and I’m told surprisingly common. But waiting for someone to die had a “icky” factor to me.