Thursday, April 06, 2006

 

LIMRA Survey: Insurers Oppose Certain Life Settlements

It's no secret that insurers aren't particularly fond of life settlements, the sale of life policies in the secondary market. That's because the buyers hold them until insureds die and upset the writers' lapse assumptions and pricing.

Now a survey by Limra International reveals how insurers feel about more detailed aspects of life settlements. Limra released the findings at the Life Insurance Conference, sponsored by Limra, Loma, the Society of Actuaries and the American Council of Life Insurers.

LIMRA Survey: Insurers Oppose Certain Life Settlements
Source: A.M. Best (subscription required)

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