Portfolio shrinkage. Lack of real estate liquidity. Job losses. As the economic slowdown drags on, there are many reasons that hard-pressed individuals might want to sell no-longer-needed life insurance policies. "Anecdotally, I've heard that more people are showing interest in life settlements," says Scott Hawkins, an analyst at Conning Research & Consulting in Hartford, Conn.
Darwin Bayston, executive director of the Life Insurance Settlement Association in Orlando, Fla., reports that calls from consumers are on the increase, another indicator that insured individuals may be looking for cash today rather than beneficiary enrichment tomorrow.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access