Bnet
By: Ed Leefeldt
For many people, there’s something inherently distasteful about “life settlements.” The New York Times warns that it could lead to the next mortgage crisis. State regulators claim it takes advantage of the sick and elderly. Life insurers hate it with a capital ‘H’.
Yet the industry continues to thrive, and, despite all the speed bumps that opponents put in the road, is likely to grow. The Executive Director of the Life Insurance Settlement Association, Doug Head tells National Underwriter that it “did well in the face of adverse publicity last year (in addition to facing the recession),” and will see a “return of buyers” in 2010.
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Tags: life settlements