January 2010, Volume 3, Issue 10 |
Exploring the life settlement option for clients |
Feature: Experts see a happy year for settlements
By Trevor Thomas - More regulatory scrutiny, higher consumer awareness and a return of buyers to the market are likely developments for the life settlement business this year, according to industry experts. Doug Head, executive director of Life Insurance Settlement Association, Orlando, Fla., thinks the industry did well in the face of adverse publicity last year and is in position to make its case to more consumers in 2010. "Given the challenges inflicted upon us in 2009 and the aggressive nature of some of our adversaries, we…
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Ask the expert: What are the tax reporting requirements?
Question: How should my client report taxes related to a new life settlement transaction?
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Strategies from our sponsor
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Quiz question: Rhode Island's new settlement law
When does Rhode Island's new Life Settlements Act, which in November 2009 and which requires life settlement businesses to disclose their compensation to policy sellers, take effect?
a) Feb. 1, 2010
b) July 1, 2010
c) Sept. 1, 2010
d) Dec. 1, 2010
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