The Secondary Market For Life Insurance Policies: Uncovering Life Insurance's "Hidden" Value
Doherty, Neil A., O'Dea, Brian A. & Singer, Hal J.
Abstract
Increasingly common usage of the secondary market for life insurance policies is discussed in this article which explains the secondary market and describes the benefits of viatical and life settlement firms as well as accelerated death benefits. Changing regulations of the secondary market and suggested ways for counselors to assist clients in specific circumstances are included.