Bruce,age 62,was Approached by a Representative of a Group of Investors.The

Multiple Choice

Bruce,age 62,was approached by a representative of a group of investors.The representative asked Bruce to purchase a large life insurance policy which the investor group would purchase from Bruce.Bruce doesn't need life insurance.The investor representative told Bruce to tell the agent he needed the policy for estate liquidity.Bruce purchased the policy,and then sold it to the investor group.The arrangement described in this scenario is called a(n)

A) stranger-owned life insurance policy.
B) life settlement.
C) absolute assignment of a life insurance policy.
D) viatical settlement.