Thursday, March 26, 2009
Life’s Market Value Falls as Seniors Unload Insurance Policies
Retirees seeking extra cash last year could sell a $5 million life insurance policy to investors for $1 million. Today, the price is as low as $600,000.
Sales of so-called life settlements declined 20 percent in the second half of 2008 as the credit crunch slowed demand, according to a report from Life Policy Dynamics LLC, a Washington-based consultant. U.S. life insurance policies worth approximately $12 billion were sold in 2008.
“You’ve now got more people who would be willing to consider selling than you have buyers,” according to life settlement experts such as Scott Hawkins, an analyst at the Hartford-based asset management firm Conning & Co...
Bloomberg: Life’s Market Value Falls as Seniors Unload Insurance Policies
Sales of so-called life settlements declined 20 percent in the second half of 2008 as the credit crunch slowed demand, according to a report from Life Policy Dynamics LLC, a Washington-based consultant. U.S. life insurance policies worth approximately $12 billion were sold in 2008.
“You’ve now got more people who would be willing to consider selling than you have buyers,” according to life settlement experts such as Scott Hawkins, an analyst at the Hartford-based asset management firm Conning & Co...
Bloomberg: Life’s Market Value Falls as Seniors Unload Insurance Policies
Permalink posted by markw @ 4:44 AM 
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