Will ‘Life Settlements’ Grow in 2010? You Bet Your Life!
Bnet
By: Ed Leefeldt
For many people, there’s something inherently distasteful about “life settlements.” The New York Times warns that it could lead to the next mortgage crisis. State regulators claim it takes advantage of the sick and elderly. Life insurers hate it with a capital ‘H’.
Yet the industry continues to thrive, and, despite all the speed bumps that opponents put in the road, is likely to grow. The Executive Director of the Life Insurance Settlement Association, Doug Head tells National Underwriter that it “did well in the face of adverse publicity last year (in addition to facing the recession),” and will see a “return of buyers” in 2010.
Commentary b y Michael Abraham:
The New York Times article was so flawed that you wonder how a ‘respectable broadsheet’ can make such comments. As we all know bad news sells papers. The cynicism is sometimes breathtaking.
Published on 10 Jan 2010 at 07:02 am
