life settlements

At 89, Betty White is America's sweetheart. This elder stateswoman of show business was recently named the country's most trusted celebrity -- and she's just thrown her prestige behind William Page and Associates' "life settlements."

Christian M. Allmendinger, a top executive at a company that defrauded hundreds of investors out of more than $100 million, has been convicted by a federal jury for his role in the scheme, the Justice Department announced. Allmendinger, a 39-year-old Houston resident, was co-founder and vice...

More people are selling their life insurance policies for much-needed cash while they're still alive. But are these "life settlements" a bad deal? Here's why they can come with a high cost, both for investors and for sellers -- along with some tips to keep both from getting burned.

Are you older or in poor health? Here's a pitch that you'll hear a lot in the near future -- Your life insurance policy will pay plenty when you die; why not enjoy that money now when you need it? Investors will buy your policy today, for a percentage of the settlement after you pass, and pay you...