December 2009, Volume 3, Issue 9

Exploring the life settlement option for clients

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…
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Ask the expert: What about privacy?

Question: My client is a good candidate for a life settlement. However, he has asked about the privacy of his medical information during the transaction. How do I advise him on this point?
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Strategies from the pros

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Settlement news from National Underwriter

New York passes settlement bill
Rhode Island enacts settlements law
Florida Judge dismisses Coventry case
Securities and Exchange Commission taps settlement experts
Settlement securitization will grow, predicts Mazonas
Secondary market woes bad for life sales: Moody's
Life settlement courses debut
Wentworth pays off notes
Life Insurance Settlement Association chooses broker

Related news

Life insurance industry seen as still profitable
Biological age pricing and the life insurance future
Estate tax deliberations underway
Graphic: Where does your client fit?
Did you know: Life insurance applications are up
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Quiz question: Who opposed the California bill?

With the recent passage of the Life Settlement Act by the state of New York, how many states now have some regulation of life settlements?
a) 49
b) 39
c) 29
d) 19

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