Why do Australian Policy Traders buy old Life Insurance Policies?
Australian Policy Traders buys old life insurance policies for investment purposes. 17. Who do Australian Policy Traders on-sell the policies to & Can I invest in Traded Life Policies? Australian Policy Traders will on-sell the policy to an investor. If you would like more information about investing in Traded Life Policies then we recommend you visit our sister company website www.outlookgroup.com.au 18. What happens if I die? Under the Privacy Act Australian Policy Traders does not pass personal information about you onto the investor who buys your policy. In the event of your death, one of two things would happen; • Neither the Life Co. nor Investor knows. (In this case your policy will just run to its maturity date, with the Maturity Value being paid to the investor) • Someone from your family advises the Life Co. that you have passed away. ( The Life Co. will generally contact the investor and ask them to complete some paperwork which will payout the Maturity Value earlier than sc
