A life settlement refers to the sale of a life insurance policy by the policyholder to a third party. Life settlements are a way that policyholders can access capital that would otherwise not be accessible. Say, for example, a retired person in their 70's has a life insurance policy with a $300,000 face value. There is a market made up of individuals and institutions that would be willing to purchase this policy for a portion of the face value. If the policy is sold, the policyholder would receive a lump sum payment that they would otherwise only have received upon their death. The new owner of the policy assumes ownership of the policy and responsibility for the premium payments. This new owner will then receive the $300,000 when the previous policyholder dies.
The CFA Institute just held its 2012 fixed income conference in San Francisco.
Speakers shared a very broad range of perspectives on fixed income issues over the course of about a dozen sessions.
Session notes and observations (in no particular order) include:
Demographics and Deleveraging -- Rick Rieder, Blackrock
The Best Idea in Light of Demographic and Fiscal Challenges -- Scott Simon, PIMCO
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Glenn Daily is one of the top financial advisors in the country.
Specializing in life insurance and annuities, Glenn is widely...
