ISI Defends Life Policy-Back Securities Market
National Underwriter Life and Health
By: Trevor Thomas
A life settlement think tank is defending the value of the life settlement securitization concept.
The American Council of Life Insurers, Washington, asked Feb. 3 for policymakers to ban the securitization of life insurance policies sold in the secondary market. Packaging pools of life settlement transactions to back securities encourages stranger-originated life insurance and other forms of fraud, the ACLI says.
Published on 08 Feb 2010 at 09:31 pm
