Bill Boersma: On Life Insurance

Earlier this year there was an article in LifeHealthPro about a lawsuit filed by a couple in California regarding their life insurance policy. Evidently they could not afford the premiums on their large life insurance policy and they ended up having to reduce the face amount considerably. The lawsuit against the carrier is due to the fact that the carrier did not inform them of the option of a life settlement.

I also read an article written by Robin Weinberger and Peter Katz for Life Insurance Settlements, Inc. in response to this lawsuit which discussed broader issues and implications and this is what I want to comment on. Read more…