National Underwriter Life and Health

By: Trevor Thomas

Several life settlement organizations have reacted strongly to the American Council of Life Insurers’ recent statement calling for a ban on the securitization of life settlements.

“Once again. ACLI has chosen to mix apples and oranges when condemning the life settlement market,” said Jack Kelly, director of government affairs for the Institutional Life Markets Association, Washington. He was responding to a policy statement from the ACLI, Washington, holding that the securitizations of life insurance settlements should be prohibited by legislation and regulation.

Commentary by Michael Abraham:

Great how good it is to hear of the comments of Jack Kelly.  Let’s hope there are a lot more such people in government affairs who will stand up and be counted!

http://www.lifeandhealthinsurancenews.com/News/2010/2/Pages/Settlement-Execs-Blast-ACLI-Comment.aspx

Published on 05 Feb 2010 at 09:27 pm