OVERVIEW OF LIFE SETTLEMENTS

The past decade has seen the emergence of life settlements as a viable financial instrument to be used in a variety ways by the mainstream investment community. Large financial institutions such as Berkshire Hathaway, AIG, HSBC, Credit Suisse, Merrill Lynch, UBS and numerous hedge funds, among many financial institutions, have used the attractive characteristics of life settlements to enhance performance and to facilitate the completion of other transactions. Many have used life settlements as an alternative to coupon based investments with enhanced returns. Only since 2004 has the pure securitization of these assets been used - read more

CDOC AND LIFE SETTLEMENTS

A life settlement is a contract pursuant to which an individual, usually 70 years of age or older, who owns a life insurance policy (and is generally also insured there under) sells the policy together with rights to receive and collect all death benefit proceeds from the policy that was sold. There are a wide variety of personal reasons for the sale by an owner of the policy
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