Here are 3 red flags to review when considering investing in Life Settlements.
Guaranteed results - No legitimate investment adviser or seller will guarantee positive results. Though they can offer past performance data, honest advisors should freely admit that the past is not a predictor of the future. There is always risk. As a result, it is always possible that an investment will fail and money will be lost. Life Settlement Portfolio investments strive for a 9-15% return, but nothing is gauranteed.
Agents in a hurry to close the deal - Tell-tale signs of a scam are high-pressure sales and demands for secrecy. Real investment opportunities rarely require instant decision-making. Serious investors almost always take time to research their decisions.
Unsolicited telephone calls, postcards or e-mail – Consumers should be skeptical of unsolicited offers for services from unknown companies. Though some legitimate life settlement brokerage firms and companies will contact potential investors, an online search can help distinguish between small-time operators and established firms.
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