A New York Times article by James Vlahos about some people with existing life insurance policies that become terminally ill, (or sometimes even non-terminally ill folks) and they sell their life insurance policy to a 3rd party in exchange for an immediate cash payment while still alive. The immediate cash settlement is generally a much smaller portion then what their beneficiaries would have received if they had kept their life insurance policy and died. A transaction that is known as a vatical settlement (for terminally ill patients) or a life settlement (for everybody else). Click on link below to read more.
http://www.nytimes.com/2012/08/12/magazine/are-you-worth-more-dead-than-alive.html?pagewanted=all
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