Reuters
by Mark Felsenthal
The Federal Reserve opened a two-day meeting on Tuesday that is expected to end with a signal that interest rates will be held near zero into 2014. Outside of words, however, the central bank appears unlikely to take any action to prop up the economy, although some officials have raised the prospect that more bond purchases will be needed. Continue reading…
Tags: central bank, Federal Rates, Legislation
National Underwriter
A group formed by the Wisconsin Office of the Commissioner of Insurance has proposed rules that would require life insurers to tell insureds about a variety of alternatives to letting policies lapse. Continue reading…
Tags: Legislation, life settlement, Life Settlement Legislation, National Underwriter
The Life Settlements Report
A U.S. District Court judge in Illinois ruled that life settlements involving a single investor are not securities and dismissed claims by a Michigan man accusing a firm of misstatements in securities sales, according to a statement from law firm O’Melveny & Myers. Continue reading…
Tags: Law, Legislation, life settlement, The Life Settlements Report
The Life Settlements Report
Proposed changes to the consumer disclosure model act by life insurers were rejected last week by a National Conference of Insurance Legislators (NCOIL) committee. Continue reading…
Tags: Legislation, life settlement, NCOIL, The Life Settlements Report
GWG provides value and liquidity to the owners of life insurance policies in the secondary market. This is accomplished by purchasing life insurance policies from seniors who no longer want, need or desire to pay their premiums through a process known as a life settlement. Policyholders, brokers and advisors rely on GWG for the strength and stability that come from our unique product suite and strategic alliance with leading financial institutions.
