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Archive for March, 2009

Major decisions due in final week of 2009 session – Forest Blade

Tuesday, March 31st, 2009

Major decisions due in final week of 2009 session
Forest Blade, GA
SB 61, which would establish the Life Settlements Act, providing oversight and regulation of life settlement contracts and requiring brokers to be licensed and regulated by the Georgia Department of Insurance. • SB 69, which would require citizens to

One Way Life Insurance Customers Can Protect Themselves

Tuesday, March 31st, 2009

In February, OA published thoughts regarding the troubled state of the insurance industry.  First we noted that insurers were seeking to change their regulatory capital requirements in order to avoid harming shareholders—say by cutting dividends or raising incremental capital.  We also wrote that, at the corporate level, many companies are ridiculously over-leveraged .  Finally we noted how state insurance guarantee funds aren’t actually funds: there’s no money in them and they would most l

Tax Aspects Of Life Settlement Arrangements – The Complete Lawyer

Tuesday, March 31st, 2009


The Complete Lawyer
Tax Aspects Of Life Settlement Arrangements
The Complete Lawyer, GA
There are numerous reasons seniors choose life settlements. Some of the more common scenarios are: (1) the insured’s estate tax burden has decreased and thus the insured no longer needs liquidity to pay estate taxes; (2) the insured wants cash for

Funds chief calls it quits – The Age

Tuesday, March 31st, 2009

Funds chief calls it quits
The Age, Australia
The corporation was criticised last year for poor investment decisions, such as putting $600 million into the Queensland-based Life Settlements Wholesale Fund. This bought discounted life insurance policies from elderly Americans, but underestimated

Willkomm leaves J.G. Wentworth, Joins Coventry First

Monday, March 30th, 2009

Scott Willkomm, who headed J.G. Wentworth Life Settlements, has joined Coventry First as a senior vi…

Willkomm leaves J.G. Wentworth, Joins Coventry First

Monday, March 30th, 2009

Scott Willkomm, who headed J.G. Wentworth Life Settlements, has joined Coventry First as a senior vi…

Willkomm leaves J.G. Wentworth, Joins Coventry First

Monday, March 30th, 2009

Scott Willkomm, who headed J.G. Wentworth Life Settlements, has joined Coventry First as a senior vi…

Willkomm leaves J.G. Wentworth, Joins Coventry First

Monday, March 30th, 2009

Scott Willkomm, who headed J.G. Wentworth Life Settlements, has joined Coventry First as a senior vi…

Considering Life Insurance Settlements When Selling Your Life … – FOXBusiness

Monday, March 30th, 2009

Considering Life Insurance Settlements When Selling Your Life
FOXBusiness
Originally, the viatical settlements industry, also known as life settlements, was born in the 1980s in response to the AIDS crisis. Dying patients desperately needed cash to pay for expensive treatment and sold their policies.

Considering Life Insurance Settlements When Selling Your Life … – PR Newswire (press release)

Monday, March 30th, 2009

Considering Life Insurance Settlements When Selling Your Life
PR Newswire (press release), NY
Originally, the viatical settlements industry, also known as life settlements, was born in the 1980s in response to the AIDS crisis. Dying patients desperately needed cash to pay for expensive treatment and sold their policies.