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Life Insurance Settlements
Orice Williams Brown
其他書名
Regulatory Inconsistencies May Pose a Number of Challenges
出版DIANE Publishing, 2010-11
主題Business & Economics / General
ISBN14379367689781437936766
URLhttp://books.google.com.hk/books?id=jecwhltn0a8C&hl=&source=gbs_api
EBookSAMPLE
註釋Since the late 1990s, life settlements (LS) have offered consumers benefits but also exposed them to risks, giving rise to regulatory concerns. A policy owner with unneeded life insurance can surrender the policy to the insurer for its cash surrender value. Or, the owner may receive more by selling the policy to a third-party investor through a LS. Despite their potential benefits, LS can have unintended consequences for policy owners, such as unexpected tax liabilities. Also, policy owners commonly rely on intermediaries to help them, and some intermediaries may engage in abusive practices. This report addresses how the LS market is organized and regulated, and what challenges policy owners, investors, and others face in connection with LS. Illus.