We recommend your consult with your own accountant regarding how viatical and viatical settlements can be taxed. Here is a tidbit of information that might assist in tax decisions.
Insurance industry sources point out that others who have sought advance tax rulings on viatical settlements, (viatical refers to policies sold by the holder at a discount [...]
Berlin Atlantic Gets $500 Million Warehouse Facility
Berlin Atlantic Group said it recently obtained a $500 million warehouse facility from a national U.S. bank to buy life settlement policies.
The Berlin-headquartered company, an integrated provider-funder, has in the past funded its purchases with money raised in Germany, said Benedikt Ibing, director of business development and spokesman for [...]
This is a good sign that more and more regulation is coming into the Life Settlement Industry.
Mosaic Management Group, Inc, a Boca Raton FL based Portfolio management company, specializing in Life Settlements Portfolios announced Thursday that it has retained Greenspoon Marder, P.A. to represent them and ensure regulatory compliance.
(PRWEB) July 13, 2008 – Mosaic Management [...]
Amendments to Ohio’s Viatical Settlement Act will limit stranger-originated life insurance transactions and give the state’s insurance department additional oversight authority. New legislation requires brokers and providers to give more information to insurers and to report STOLI transactions to the state’s insurance department.
State Insurance Director Mary Jo Hudson said state legislators “recognize a shared responsibility [...]
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