When Chris Orestis founded Life Care Funding in 2007, he helped to pioneer what some advisors regard as an elegant solution for people who lack long-term care insurance but still have life insurance policies.

Life Care Funding offers life settlements — transactions that allow life insurance policyholders to sell their policies at a discount in the secondary market. After buying the policy, Life Care Funding assumes responsibility for the premium payments and eventually collects the death benefits.

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