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Archive for the 'Viatical' Category

Blocking Viatical Fraud

Tuesday, March 4th, 2008

Our main focus here at Life Settlement News is to provide up to date news about the Life Settlement Industry. This industry was spawned from the Viatical Industry, so we also will provide news about current Viatical situations. Life Settlements are now the most popular option when planning on liquidating a life insurance policy.
Here is [...]

Trio Sentenced In Viatical Fraud

Saturday, January 5th, 2008

ORLANDO, FLA - Two brothers have each been sentenced to more than 10 years in federal prison in connection with their operation of Accelerated Benefits Corporation, a viatical settlement company formally located in Orlando.
A viatical or life settlement is a transaction in which an investor purchases an interest in a terminally ill or elderly person’s [...]

Interesting Life Settlement article

Monday, December 17th, 2007

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 [...]

U.S. Supreme Court Declines Virginia Settlement Case

Monday, December 3rd, 2007

The U.S. Supreme Court decided Monday not to rule on a case brought by Life Partners, a Waco, Texas, provider, on whether states can regulate life settlements.
Life Partners had hoped the top court would resolve conflicting opinions on the matter in two federal circuit courts.
Life Partners had appealed a U.S. 4th Circuit Court of Appeals [...]

Utah Life Settlement Regulation

Tuesday, October 23rd, 2007

Utah Regulators Weigh Five-Year Waiting Period for Settlements
Utah insurance regulators met last week with representatives of the life settlement and life insurance industries to discuss proposed revisions to the state’s viatical law. Utah officials have not yet decided whether they’ll support a five-year waiting period before new policies can be settled.
Not surprisingly, the proposed waiting [...]