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Article: ABA Recognition Signals Tipping Point for Secondary Market for Life Insurance, Announces Coventry First.
- Article from:
- PR Newswire
- Article date:
- March 12, 2004
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FORT WASHINGTON, Pa., March 12 /PRNewswire/ -- The secondary market for life insurance is pro-competitive and pro-consumer, concludes an article published by the American Bar Association. The article entitled "The Benefits of a Secondary Market for Life Insurance Policies" in the ABA's Real Property, Probate and Trust Journal (Fall 2003), confirms the legal community's acceptance of the secondary market as an option for consumers.
The study, conducted by The Wharton School, University of Pennsylvania, determined that by encouraging competition for underperforming or unneeded life insurance policies, the secondary market enhances policy valuations for consumers ...