National Underwriter Life and Health

By: Trevor Thomas

One of the myths and misconceptions surrounding life insurance settlements is that they take advantage of the terminally ill and elderly, said William Scott Page, chief executive officer of Wm. Page & Associates Inc., Atlanta, at a recent webinar.

Commentary by Michael Abraham:
The article itself is well balanced, it is however a fact that it ‘sells more papers’ to report that the industry takes advantage of the elderly rather than explain that the industry is playing an increasingly important role in ensuring the elderly have choice!  As Boris Ziser infers selling may well be a better option than taking out a reverse mortgage – at least you don’t lose your house

http://www.lifeandhealthinsurancenews.com/Exclusives/2009/12/Pages/Feature-Execs-address-adverse-publicity-for-settlements-industry.aspx?k=new+york

Published on 14 Dec 2009 at 07:27 am