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.

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.

Following the decision of the NAIC Life Insurance and Annuities (A) Committee to adopt varied amendments to the Viatical Settlements Model Act, officials and members of the Life Insurance Settlement Association (LISA) vowed to continue the fight and condemned NAIC’s so-called consumer protection measure as “a direct assault on consumer rights and established law, on the contrary.”

Examination Management Services, Inc. (EMSI), a life settlement service provider, has been asked by two leading organizations in the life insurance industry to provide presentations on life settlement issues.

Ernst & Young LLP today announced its Global Insurance Center will be the lead sponsor of the 2006 Annual Executive Conferences for the Insurance Industry that address “Managing Change” in the Property/Casualty and Life/Health sectors. The events are organized by The Conference Group, Ltd., a division of National Underwriter Company.

The Lifetrade Fund B.V., has received a Standard & Poor’s Credit Quality rating as a life settlement investment fund. Lifetrade is the first open-ended fund to receive such a rating from Standard & Poor’s in the secondary life insurance market.