Archive for the ‘Life Settlements’ Category

Are Life Settlements Back?

February 3rd, 2016 No comments

It’s been a while since I’ve discussed life settlements but, then again, it’s been a while since there has been a lot of activity in the market. The market wasn’t dead; it just seemed that way.

As a reminder, the life settlement industry is a secondary market for existing life insurance policies and it is an outgrowth of the vatical market. A viatical settlement is the sale to a third party of a life insurance policy on the life of a terminally ill individual, defined as someone with less than a 24 month life expectancy. Fundamentally, a life settlement is the sale of a life insurance policy to the secondary market on the life of an individual who isn’t terminally ill. For full post, click here…

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Life Settlement Responsibility

June 19th, 2014 No comments

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…

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Taxation of Life Settlements

February 23rd, 2012 No comments

The life settlement market isn’t what it used to be but it’s not dead. We have negotiated a couple of life settlement transactions lately, so I have been reviewing IRS Revenue Rulings pertaining to gain. It’s been almost three years since the IRS provided guidance so I thought this would be a good time for a refresher.

Before these Rulings, Read more…

What’s Up With Life Settlements?

June 24th, 2010 1 comment

After all the activity and fuss regarding life settlements over the past number of years, why isn’t there as much conversation now as there used to be? Where is this market heading? Who should be paying attention?
Read more…

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