October | 2005 | Life Settlement News

October 13, 2005 by Administrator

Are there any provisions in my policy that could prevent me from engaging a Senior Settlement?

Most life insurance policies contain a contestability and suicide exclusion period that extends, typically, for two years. The contestable period is a window within which the insurance carrier can challenge or rescind the individual’s life insurance coverage (usually for either misstatement or medical fraud related to the application).

The suicide exclusion is a defined period within which the insurance carrier can deny a claim concerning death by suicide. Many Senior Settlement providers prefer that a policy be in force for at least two years before considering the purchase of a policy.

Speak with a Life Settlement Professional instantly by calling 1-888-973-8377.

Senior Settlements

October 10, 2005 by Administrator

Senior settlements are an excellent way of gaining access to fund from your life insurance policy now and putting the money to good use. Whether it is better personal care when you most need it or paying for a nursing home or going on that dream vacation, a senior settlement can be the answer for many people with a valid life insurance policy.

Definition:
Life Settlements - Liquidate your life insurance policy and receive money you can use now. Eliminate premium payments and get the true value of your life insurance policy. Life Settlements (Senior Settlements) let you benefit now from unwanted or unaffordable life insurance policies. Ideal makes it possible through our private services.

Call 1-888-973-8377 or contact a Life Settlement Professional with any questions.

Life Industry Concerns to be Addressed at Life Settlement Conference Hosted by Fasano Associates

October 10, 2005 by Administrator

WASHINGTON–(BUSINESS WIRE)–Oct. 6, 2005–Fasano Associates announced today that it will host its Second Annual Life Settlement Conference on Monday, November 7, 2005 at its headquarters in Washington, DC. The conference will address regulatory, financing and other issues affecting the growth of life settlement market.

A life settlement is the sale in the secondary market of a life insurance policy that no longer meets the needs of the policy owner. Life settlements bring together the capital and insurance markets to provide owners of life insurance competitive market values for these policies. The life settlement market is a multi-billion dollar market that has nonetheless raised concerns among the traditional life insurance industry.

“We decided to address the legitimate concerns of the life insurance industry in this year’s conference to start a dialogue that I believe will be constructive for both life and life settlement industries,” said Michael Fasano, President of Fasano Associates.

Life industry concerns will be addressed by Linda Lanam, Vice President of the American Council of Life Insurers, and Alfred W. Redmer, Jr., Commissioner, Maryland Insurance Administration. The life settlement industry perspective will be presented by Nate Evans, CEO of Maple Life Financial, a leading purchaser of life settlements.

In addition, there will by presentations on Securitization of Life Settlements by Jay Eisbruck, Vice President of Moody’s Investors Service and on Privacy Issues affecting Medical Records by Oscar Marquis, Esq., of Oldaker, Biden & Belair.

Jochen Russ, Managing Director of a leading German actuarial firm, will make a presentation on Evaluating Life Expectancies; and Dr. John Iacovino, Medical Director of Fasano Associates, will address the impact implantable defibrillators have had on life expectancy.

Medical Life Settlement

October 7, 2005 by Administrator

With a Life Settlement, there is not a need for a medical exam or physical. Life Settlement Brokers and Companies can retrieve the medical information from a medical release.

More medical Life Settlement Information below:
One beneficial effect stop loss or contingency insurance had on the life insurance settlement industry is the standardization of the underwriting process. Both medical and insurance review standards were now fixed, with a major insurance company dictating the terms and effectively collateralizing the return to investors. The provider (funder) was required to use life expectancy and review techniques that precluded, or at least reduced, viatical investment fraud.

Life Settlement Broker Regulation

October 5, 2005 by Administrator

Make sure when dealing with a Life Settlement Broker, that you are dealing with a reliable source.

Some basic broker requirements include:

Prominently display the viatical or life settlement provider’s, provider representative’s, or broker’s full name, home office address, and telephone number.

That all confidential information solicited or obtained by a viatical or life settlement provider, provider representative, or life settlement broker about a viator, life settlor, or owner, including the viator’s, life settlor’s, or owner’s identity or the identity of family members, a spouse or significant other, if obtained in accordance with regulation.

The viator’s, life settlor’s, or owner’s right to know, upon request, the identity of any person who will receive or has received a commission or other form of compensation from the viatical or life settlement provider, provider representative, or broker with respect to their viatical or life settlement and the amount and terms of such compensation.

Call 1-888-973-8377 to speak with a qualified life settlement broker today.