Cantor expects large growth in Life Settlement Market
With all the doom and gloom news we have been hearing, this some positive news.
Cantor Fitzgerald, the global financial services firm, is helping individuals who need extra cash sell their life insurance policies to institutional investors. Cantor LifeMarkets Chief Executive Officer, Stuart Hersch, says the value of policies traded, currently an estimated $20 billion of face value, is likely to reach $100 billion in the next five years.
Cantor LifeMarkets is dedicated to the development of new and innovative processes and products that bridge the financial and life insurance markets. In 2007, Cantor LifeMarkets opened LexNet, an online marketplace for trading life insurance policies. (Similar to a Life Settlement Auction)
Read a full write up on Life Settlements over at LifeSettlementInfo.com
