Feature: Execs address adverse publicity for settlements industry
By Trevor Thomas - One of the myths and misconceptions surrounding life insurance settlements is that they take advantage of the terminally ill and elderly, said William Scott Page, chief executive officer of Wm. Page & Associates Inc., Atlanta, at a recent webinar. "That's not true," he said. "No one forces anyone to sell their policy." Consumers understand exactly what's involved when they sell their policy, because the typical settlement deal takes four to eight weeks to complete, he noted. Rather than poor consumer protection, a bigger concern for the settlement industry is…
click here for more
|
|