Chris Orestis believes he has a perfect solution for many people who lack long-term care insurance but hold life insurance policies. His company, Life Care Funding, offers life settlements - transactions that allow life insurance policyholders to sell their policies at a discount in the secondary market. In exchange, the buyer - Orestis' company - takes over premium payments and consequently collects the death benefits.

Although such settlements are offered by many companies, Orestis' company has added an unusual twist. Instead of a cash payout, his company offers prefunded irrevocable benefits accounts, then hires professional administrators to oversee these accounts and make monthly payments to long-term care providers.

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