Life Settlement News

Beware of strangers
Stranger/Investor Oriented Life Insurance not a good idea
FAIRMONT - The West Virginia Offices of the Insurance Commissioner warns against “Stranger/Investor Originated Life Insurance.”
Known as STOLI for short, these life settlement arrangements can come in different forms and names, said Dena Wildman, insurance complaint specialist supervisor for the state Offices of the Insurance Commissioner.
For [...]

After 16 months of debate, the National Conference of Insurance Legislators (NCOIL) has adopted an amended Life Settlements Model Act (Model Act). The Model Act was unanimously adopted during NCOIL’s Annual Meeting in November. First adopted in November 2000 and last updated in July 2004, the Model Act “is a targeted attempt to prohibit controversial [...]

Interesting Life Settlement article I found discussing the back end of Life Settlement transactions. This article does not necessarily effect individual policy owners that are selling their policies. If you are interested in sell you life insurance policy, call 1-888-973-8377
Death Trap Ahead
Death bonds may sound like a good investment–but are they?
When I started seeing articles [...]

Goldman Sachs Group Inc. has announced the first of a new series of indices to help financial institutions, like pension funds, with exposure to American mortality and longevity rates better understand their risk in these positions.
The initial index will independently track monthly a pool of 46,290 anonymous U.S. citizens over age 65, providing real-time publication [...]

BOYNTON BEACH, Fla.–(BUSINESS WIRE)–Peachtree Life Settlements is pleased to announce that the Georgia Department of Insurance has granted it a life settlement provider license. “While we have already been servicing Georgia residents for many years under Georgia’s “grandfathering” provision, I am gratified that the license is now issued,” said Ernest Jordan, a Senior Vice President [...]