By: Bob Graham

A new policy statement from a life insurers’ group, suggesting that the securitization of life settlements needs to be regulated, has sparked a sharp response from a life settlement trade group.

The American Council of Life Insurers (ACLI), representing nearly 300 companies providing life insurance, recommended that the securitization of life settlements “be prohibited by legislation or regulation.”

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By: Tony Ondrusek

California recently enacted legislation to more closely regulate the life settlement industry, attempting to keep the industry STOLI-free (stranger-owned life insurance), and recognizing life settlements as a viable financial tool.

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Commentary by Life Policy Group:

LPG is in favour of California’s stance on this matter.

About half of a group of senior citizens owning life insurance policies was unaware it could sell its life policies for cash, according to a new survey.

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A life settlement industry trade group is taking issue with the published comments of a senior vice president for the American Council of Life Insurers regarding the amount paid in life settlements.

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