National Underwriter Life and Health
By: Trevor Thomas
Several life settlement organizations have reacted strongly to the American Council of Life Insurers’ recent statement calling for a ban on the securitization of life settlements.
“Once again. ACLI has chosen to mix apples and oranges when condemning the life settlement market,” said Jack Kelly, director of government affairs for the Institutional Life Markets Association, Washington. He was responding to a policy statement from the ACLI, Washington, holding that the securitizations of life insurance settlements should be prohibited by legislation and regulation.
Commentary by Life Policy Group:
It’s good to hear the comments of Jack Kelly. Let’s hope that there are more people in government affairs who will stand up and be counted.
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Tags: ACLI, life settlement securitization, life settlements