Wisconsin Senate Approves Settlement Bill
National Underwriter Life and Health
By: Trevor Thomas
The Wisconsin Senate Tuesday unanimously passed a bill requiring life insurance policies to be in force at least 5 years before consumers can sell the policies through a settlement. The bill, S.B. 513, would change an older law that has permitted consumers to sell policies after holding the policies for 2 years.
Commentary by Michael Abraham:
Here again restricting consumer choice because the regulators and the life offices will not properly monitor the applications for life insurance and act accordingly!
Published on 25 Feb 2010 at 09:36 pm
