Dan Young Letter to Editor on Life Settlements

Dear Editor,

I read your article regarding life settlements and the response thereto (Viatical settlements stage comeback to insurers’ chagrin, April 2014 edition). I would add to the conversation that the ability to sell a policy is very clearly a benefit to seniors. When one has an asset, the ability to monetize it is based on the transparency and robustness of the market. So, if one owns a widely traded stock and no longer wants it, the click of a mouse can create liquidity. Conversely, if one owns shares of a closely held private company, he or she may be unable to turn that share into cash.In the case of an insurance policy, for more than 100 years, the only way to create liquidity was to surrender the policy back to the insurance company. Because this was the only option, the surrender value has historically been much lower than the value…

Read the full  Investment & Insurance Journal article:

US-based reader weighs in on life settlements issue

Magna Life Settlements Staff

Magna Life Settlements Staff

Magna Life Settlements is the leading life settlement provider. Magna pays people cash for their life insurance policy from the convenience of their own home online. Our team has decades of financial experience, and are dedicated to helping those in need. Many people have no idea just how valuable their life insurance policy is when they surrender or lapse it, and so many policies today are just given up because of inability to pay the premiums. If you fit our criteria you may be able to receive real value for something you felt had become a burden.

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