Friday, October 27, 2006
Eliot Spitzer Sues Coventry First in Probe of 'Life Settlement' Cases
New York Attorney General Eliot Spitzer sued a major player in the "life settlement" industry, alleging that the company engaged in a plan to defraud owners of life-insurance policies.
In a life settlement, individuals sell to investors the right to death benefits from their life-insurance policies. In exchange, the sellers get cash while they are still alive.
Eliot Spitzer Sues Coventry First in Probe of 'Life Settlement' Cases
Source: Wall Street Journal (subscription required)
In a life settlement, individuals sell to investors the right to death benefits from their life-insurance policies. In exchange, the sellers get cash while they are still alive.
Eliot Spitzer Sues Coventry First in Probe of 'Life Settlement' Cases
Source: Wall Street Journal (subscription required)
Permalink posted by armandn @ 7:01 AM 
 |
 |  |
  |
