Tuesday, September 08, 2009

Life settlement

A life settlement is the practice of selling a life policy to a third party, who will continue the policy and take over the interest of the original life assured. Read this article to explain the pros and cons of this practice.
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2 comments:

Anonymous said...

Mr. Tan,

In Singapore, there is a fund that invests in life insurance policies through life settlement. You can read the article here:

http://www.wilfredling.com/content/view/398/31/

September 08, 2009 6:09 PM
A Tan said...

As I see it, so long as insuers pay out a lot less than the asset value, life settlement co is consumer friendly.

And it is clear from their media responses that insurers here not willing to change to M'sian rules, as you called for -- asset value less expenses and few other things.

September 10, 2009 12:03 PM

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