InvestmentNews

By: Darla Mercado

A key state insurance figure has called upon the life settlements industry to keep Main Street policyholders in mind — or else.

http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20091110/FREE/911109985/1029/INSURANCE

Commentary by Michael Abraham:

Yet again we have the issue of policies being manufactured (perhaps to fill the securitizations!) for the purpose of making an investment return rather than policies being bought for the purpose they were designed – to cover a life.  This can and will lead to abuses and in this writer’s opinion should be outlawed.

Published on 10 Nov 2009 at 10:27 pm