The legality of investing in life settlements* (also referred to as a “life settlement”) traces back to a 1911 Supreme Court decision, Grigsby vs. Russell, 222 U.S. 149. In Grigsby, a life insurance company refused to pay out the death benefit proceeds on the grounds that the policy had previously been sold to a third party who had no insurable interest in the insured.
This article introduces the private placement life insurance industry and reveals planning opportunities for its products in a Trump presidency—especially in light of his proposed tax reforms.
On a bright August Sunday in 2015, Brian and Denise Neighbor, and their three children, were invited for swimming and a barbecue. It was held at the home of Matthew and Tyra Friend, who have three children of their own. The Friends recently added an in-ground pool, and most weekends the two families would spend one or both weekend days at the Friend home. But on this August Sunday, something went wrong. Everyone knew it when Matthew Friend bolted into his house, screaming for someone to call 911.
The Indexed Annuity Leadership Council is a consortium of insurance companies that are committed to providing complete and factual information about the use of indexed annuities as part of any balanced financial retirement plan. Our mission is to help educate consumers, the media, regulators and industry professionals about the benefits of fixed indexed annuities.
The biggest threat to one’s nest egg or the assets that they wish to leave their loved ones isn’t necessarily a recession or tumbling stock market, but rather the debilitating march of time that might see them facing the kind of chronic illness or disability that will necessitate long-term, often round-the clock care.