The Zebra: "6 ways you can use your life insurance while you're 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.