Life Settlement News

While analyzing what steps to take to restrict the sale of life insurance policies purchased only to be resold again, state legislators are closely evaluating the issue of life settlements.
Usually, in life settlement transactions, an elderly person sells a survivorship, whole, universal, variable, or term life insurance policy for a certain portion of the policy’s face value.

The Life Insurance and Annuities (A) Committee of the National Association of Insurance Commissioners (NAIC) today adopted highly debated amendments to the Viatical Settlements Model Regulation during the Association’s Winter National Meeting in San Antonio.

The suitability of ‘experienced investor funds’ (EIFs) within offshore bonds based in the Isle of Man has been questioned by a former regulator in the territory.

The Life Insurance Settlement Association will meet in conference in New York from November 29 to December 1. This will be the twelfth consecutive year for this conference, and it will occur in New York City at the Crown Plaza Hotel in Times Square. As in previous years, LISA will continue to provide leadership for the industry and to confront the challenges of the day. Industry leaders have shown confidence in LISA by breaking registration records for the conference, which is fast approaching 500 attendees.

Fasano Associates announced today that it will host its Third Annual Life Settlement Conference on Wednesday, November 8, 2006 at its headquarters in Washington, DC. The conference will address regulatory, investment and other issues affecting the life settlement market with presentations by Lehman Brothers, Baker & McKenzie and Fasano Associates.

Super-wealthy families will win twice if estate tax repeal or reform eventually becomes law, according to Ashton Group CEO Stephen Wolff. Beyond the obvious tax savings, America’s richest citizens would greatly benefit from selling off the multi-million dollar life insurance policies that they no longer need—at an enormous profit.

The Life Insurance Finance Association (“LIFA”) commends the Congress for its decision to protect the retirement financial security of millions of Americans while also preserving the value of the secondary life insurance market for consumers, commonly known as “life settlements.”