Thursday, March 26, 2009
Life's Market Values Fall 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.
Life's Market Values Fall as Seniors Unload Insurance Policies
Source: Bloomberg
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.
Life's Market Values Fall as Seniors Unload Insurance Policies
Source: Bloomberg
Permalink posted by armandn @ 11:28 AM 
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