This statement is false.
Since the middle of the 1960s, the expansion of social welfare programs has been a major concern for American domestic politics.
Conservatives criticized the continuous growth of these programs, saying it had put an unacceptably high cost on the American taxpayers while doing little to help the poor's long-term concerns.
Reagan quickly slowed the rate of growth in domestic spending after being elected president in 1980 in part due to dissatisfaction with social programs.
Reagan has maintained that his budget-cutting initiatives are primarily intended to benefit low-income people who have been able to generate significant incomes by fusing their work-related gains with federal funding and "inkind" benefits.
The "really needy"—those with the lowest incomes—would be exempt from budget cuts. In February 1981, Reagan remarked, "Those who, through no fault of their own, must depend on the rest of us, the poor, the handicapped, the aged, all those with actual need, can rest confident that the social safety net of programs they depend on are exempt from any reduction."
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Due to a large inheritance, a Life Insurance policy owner no longer requires the policy and agrees to sell it to a third party for more than its cash value. This type of transaction is called a Life Settlement.
<h3>What is the Purpose of a Life Settlement Contract?</h3>
The Life Settlement Contract is simply a contract that transfers the insurance cover afforded by the Life Insurance Policy form one person to another.
The life assured of the new holder of the policyholder becomes eligible to receive the benefits of the policy when the insured dies while the policyholder takes responsibility for payment of premiums.
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Answer:
Is untrustworthy or could be lying. Looks/sounds suspicious or changed there story
Explanation:
