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Genworth Financial, Inc. Message Board

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  • gtcld_2000 gtcld_2000 Sep 6, 2009 6:26 PM Flag

    Wall Street Pursues Profit in Bundles of Life Insurance

    Should be viewed as a posiive for the insurance company...funds buying will of course guarantee the premiums.

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    • No, a negative, though I really doubt a big one or it will be anytime soon to see any impact if there is one.

      These are ¨life settlements,¨ there is already some market for it and it is controversial. Basically they are cashing out life insurance policies before the person passes away, investors gamble on the difference of what they pay and the value of he policy when he does. They are paying over 20% more than an insurance company would, competing with profits there. They would also be reducing the number of late stage cancels which are a profit source for the insurance companies.

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