They utilise exactly the same principles as an annuity.
Until the Keydata collapse not much was written about Life Settlements, which is odd given that the underlying problems with the Keydata issue are nothing to do with the asset class itself.
Life settlements are not new and have actually been around for a while - nearly 100 years to be precise. What is new is the number of recent market entrants trying to promote something perceived as new, with relatively little substance behind them.
