Life Settlement Articles Posted Under ‘InvestmentNews’

Life Settlement Disclosure Sticking Point for Advisers

Sunday, November 22nd, 2009

Investment News

By: Darla Mercado

To discuss life settlements or to ignore life settlements — that’s the question insurance agents and registered reps who sell insurance policies are asking themselves in light of growing confusion over their responsibility to disclose the option of selling a policy that owners no longer want.

Commentary by Life Policy Group:
How can an adviser be seen to give complete advice if he does not include all options?  It is exactly the same for insurance companies who consistently omit to let lapsing/surrendering policyholders know of the option to sell their policy.

Read the original article here

New York Legislature OKs Bill Regulating Life Settlements

Tuesday, November 17th, 2009

Investment News

By: Darla Mercado

New York’s state Legislature has passed a bill that would to regulate life settlements, requiring brokers and intermediaries to get their insurance licenses.

Read the original article here

SEC, Finra Agree More Clarity Needed in Regulation of Life Settlements

Wednesday, November 11th, 2009

Investment News

By: Darla Mercado

Though Finra and the SEC have spent some time examining the world of life settlements, representatives from these agencies said they still have a ways to go before fully defining the depth of their jurisdiction in that growing industry.

Read the original article here

Life Settlements Industry Must Protect Seniors

Tuesday, November 10th, 2009

Investment News

By: Darla Mercado

A key state insurance figure has called upon the life settlements industry to keep Main Street policyholders in mind — or else.

Read the original article here

Commentary by Life Policy Group:

Here we have the issue of policies being manufactured (perhaps to fill the securitizations!) for the purpose of making an investment return rather than policies being bought for the purpose they were designed – to cover a life.  This can lead to abuses and should be stopped.