Life Settlement and Viatical Settlement News

By Martin Arnold in Paris
Fran�ois Pinault, the French billionaire, has been offered a settlement worth about $270m to end US civil lawsuits for his part in the allegedly illegal acquisition of Executive Life, the failed Californian insurer, in 1991.
Mr Pinault’s family holding company Art�mis was yesterday negotiating with lawyers for California’s insurance authority over a […]

A spirited debate on state versus federal regulation of the insurance industry, along with the emerging life settlement business will highlight the Second Annual Industry Summit and Breakfast being held December 5, 2005, at the Union League Club of Chicago, Illinois.
The distinguished panel at the event includes:
- Governor Frank Keating, President and Chief Executive Officer […]

Life settlement providers solicit and/or negotiate life settlement contracts. A life settlement contract is between a life settlement provider and a senior citizen or terminally ill person holding a life insurance policy. The contract provides that the provider buys the beneficiary’s rights to the terminally ill person’s life insurance policy. For brokers see “life […]

If you have life insurance, are diagnosed as terminally ill and need additional income sources, one option may be to sell the policy to a viatical settlement provider. This type of transaction is called a Viatical Settlement.
When you sell your life insurance policy to a viatical settlement company, you receive a lump-sum cash payment that […]

Life Settlement Brokers make it easy, so seniors can stay focused on running their business.
People take part in a life settlement for a number of reasons. The two most common reasons are because the life insurance policy is no longer needed or the premiums have become unaffordable. Other reasons include to offset stock market losses, […]