Group Blasts Proposed Ban On Life-Settlement Securitizations

11 Feb 2010

The European Life Settlement Association has blasted the American Council of Life Insurers’ proposal to ban securitization of life settlements for investors.

The European Life Settlement Association has blasted the American Council of Life Insurers’ proposal to ban securitization of life settlements for investors. The ACLI has called for the ban because such securitizations “will lead some settlement promoters to target senior citizens and induce them to commit fraud in ...

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