Life Settlement News

Dr. Aubrey de Grey and Dr. S. Jay Olshansky Debate Radical Human Lifespan Extension at Life Settlement & Longevity Summit
Finance IQ, a division of IQPC, announces a Medical Life Expectancy Debate on human longevity, featuring Dr. Aubrey de Grey, Co-Founder & Chief Science Officer of the SENS Foundation, and Dr. S. Jay Olshansky, Professor of [...]

Secretary of the Commonwealth William Galvin said in a statement today. Caroline Creighton, a spokeswoman for Toronto-based DBRS, said the company was reviewing the request and would respond “if and when necessary.”
U.S. Securities and Exchange Commission Chairman Mary Schapiro also is reviewing life settlements, where investors buy policies and pay the premiums until the seller’s [...]

Here is some parts of the article…
Amid growing scrutiny of life settlements securitization, the Securities and Exchange Commission has created a task force to examine financial products, according to The Wall Street Journal.
Reports of the SEC’s interest in the packages of life settlements arrived on the heels of legislators’ increased interest in the products. Rep. [...]

David Mickelson, head of David Mickelson Insurance Services, Oceanside, Cal., says he found that the article may have “overplayed its hand” by comparing life settlement securitization to the mortgage meltdown.
“If you read it from the point of view of, ‘Oh no, here we go again,’ you could get the impression settlements are bad,” Mickelson says.
Mickelson [...]

Another interesting article from InvestmentNews.com
Wall Street likes idea, but risks, market size are impediments
Buzz is building among financial firms about arranging life settlement securitizations, but experts question the structured products’ viability as an investment amid a lengthy list of risks and a limited track record of successful transactions.
Although private investors and investment banks recently have [...]