So I’ve been thinking about these.
If you were to pool them, and sell them, are they annuities? Or are they life policies, i.e. do you become an insurer? Are they governed by SEC rules as investments? LLC’s?
If these questions are too personal, please say so; my curiosity is less about your position than about the mechanism. Thanks!
Do not know the answers. But whatever I do, I hope to not ever suffer the wrath of the SEC.
These would be existing life policies with perhaps 2 to several more people owning a piece.