New York Times: Life Settlements Businesses No Longer Targeting Only the Very Affluent

New York Times: Life Settlements Businesses No Longer Targeting Only the Very Affluent

A New York Times article says that life settlements industry industry, “which previously targeted the very affluent, has begun courting middle class” life insurance policy owners.

The article provides a first-hand account of obtaining a quote, as well as commentary about the business, and also points out that – in response to questions about life settlement business practices, such as undisclosed broker commission rates – “43 states have adopted life-settlement regulations, usually requiring that companies be licensed and consumer disclosures.”

In addition, the author of the article says that for those considering such transactions, “caution is advised.”

The article, Wringing Cash From Life Insurance by Paula Span, is available here.

Comments are closed.