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