Life settlements could help consumers going forward
Over the last few years, while the life insurance industry as a whole has been spinning its wheels trying to recover from the economic downturn, the life settlement sector of it has taken some significant steps forward.
The potential for life settlements growth is high
The future of the life settlements industry seems bright, due to increased regulation and an increased confidence in the underlying asset itself. Through the public becoming much more aware of life settlements and legislators requiring, in some states, that the insurance companies notify insured's about life settlements options, the supply of policies in the life settlements market will hopefully increase.
Texas moving toward new life settlements rule change
The state of Texas may soon allow its residents to use life settlement transactions to help cover the cost of services related to long-term care, within certain parameters.
Growing number of seniors cashing in life insurance
Thousands of baby boomers are now turning 65 every day, and numerous studies show that the entire generation is generally unready for their retirement.