Life Settlement Market Shrinks in 2008
Similar to many parts of the economy, the market for life settlements took a step back in 2008 as a result of the financial crisis. The face value of life insurance policies that were exchanged through life settlement transactions in 2008 was $11.8 billion, a slight decrease from $12.2 billion in 2007. "Tighter" capital market conditions contributed to the recent advantage that buyers have had over sellers. Analysts believe that the general advantage will return to sellers as liquidity and...
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