Investment News
by Darla Mercado

Agreement requires insurer to step up cross referencing to locate unpaid beneficiaries. Prudential Financial Inc. has settled with Massachusetts and 19 other states, agreeing to improve its practices in identifying beneficiaries who are due unclaimed life insurance death benefits. Continue reading…

California Broker
by Peter Katz

On December 4, 1911, the United States Supreme Court decided the case of Grigsby vs. Russell, which is considered to be the legal basis for the life settlement industry today. The decision, written by the legendary Justice Oliver Wendell Holmes, Jr., ruled that the sale of a life insurance policy, which was validly obtained by someone with insurable interest, could be legally sold to a third party without insurable interest. Continue reading…

National Underwriter
by Michael Stanley

On a recent Wednesday afternoon, I found myself sitting in a tidy, angular room in a restaurant at the Museum of Modern Art in midtown Manhattan. The steam from the subway and heat from the street had conspired to dishevel me and I was in stark contrast to the waitstaff, who, with their black suits and perfectly coiffed hair could best be described as a mix between Victorian butlers and runway models. As I tried my best to feign comprehension of some of the minimalist pieces that hung from the walls, I made small talk with some fellow journalists. We were attending an event described as a “life settlements 101″ course. It was held by Coventry, a leading company in the secondary insurance market, and was something I was interested in since my understanding of the secondary market is not as deep as I would like it to be. Continue reading…

AgingCare.com
by Marlo Sollitto

Maybe you’ve noticed that dad’s unopened mail is piling up. Or mom, once meticulous about her appearance, is wearing wrinkled clothes and not doing her hair. Perhaps there are bruises on your aging parent’s arms. When you bring up the subject, you hear, “Everything is fine. There’s no need to worry.” Continue reading…

The article above addresses options for seniors to pay for care as they age. The alternatives include life settlements. The white paper Should I Sell My Life Insurance Policy? provides information on life settlements to help consumers determine whether it may be the right option for them.