ORLANDO, FL — (MARKET WIRE) — 04/07/2006 — The Life Insurance Settlement Association (LISA) today praised the National Association of Insurance Commissioners (NAIC) on its new national educational initiative, “Insure U,” designed to inform the public about the basics of insurance.
“This balanced approach to providing public information will help consumers and is a logical extension […]
It is common that many individuals are using a life insurance policy for future property and estate taxes. This a very financially beneficial decision and can benefit your heirs greatly. What happens is you sell the property, move, or want to downsize? Before you could continue to pay the hefty premiums, surrender the policy for […]
The source also said that New York recently opened an investigation into an obscure corner of the insurance business called life settlements.
Insurance broker National Financial Partners (NFP.N) this week disclosed it recently received a subpoena seeking information regarding life settlement transactions.
Marc Violette, a spokesman for Spitzer’s office, declined to comment on the […]
TORONTO, March 3 /CNW/ - Maple Financial Group, Inc. announced today that it has entered into a definitive agreement to sell its wholly-owned subsidiary, Maple Life Financial Inc., to investment funds managed by Reservoir Capital Group, LLC. The current Maple Life management team, including President and Chief Executive Officer, Nate Evans, will continue to lead […]
Baby Boomers in the United States are worth roughly US$30-trillion, setting the stage for a humongous transfer of wealth over the next few decades. But those shamelessly banking on a nice inheritance from their Boomer parents face a brewing threat to their expected riches.
Calsi Management Inc., a private company in Toronto, is attempting to raise […]
If you are considering selling your life insurance policy, it is important you understand the Tax Implications. However, this information if only for basic understanding, we recommend you speak with your tax advisor for a more detailed understanding.
As a life settlement of an insurance policy is in effect the sale of the policy to a […]
Coventry First strongly supports the life settlement legislation sponsored by Senator John A. DeFrancisco and Senator James L. Seward that will provide much-needed protection for New York seniors who choose to sell their life insurance policies in the secondary market. Senate Bill 5476, based on the model settlement act of the National Association of […]
Ideal candidates for a life insurance settlement are high net worth clients whose insurability has changed since the time the policy was issued. In addition, a decision to either lapse or surrender the policy is under consideration. A life insurance policy becomes unwanted or unneeded due to any number of situations.
A client may need new […]
SEC fines, attorney costs leave little for victims
The Securities and Exchange Commission has reached settlement agreements to make the top executives of Mutual Benefits Corporation pay millions of dollars in fines and “disgorgement” of their ill-begotten gains in a death-benefits investment scheme.
The settlements still leave 59,000 investors in the corporation’s so-called “viatical” investments holding empty […]
Senior Life Settlements should be a part of your Financial Planning Goals.
A senior life settlement transaction can play a key role in the structuring of a financial plan that utilizes available investments and asset transfer options to maximize wealth. As senior life settlement transactions become more integrated into comprehensive estate and financial plans, policyholders will […]
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