|
|
Article: ABA Recognition Signals Tipping Point for Secondary Market for Life Insurance Announces Coventry First.
- Article from:
- Business Wire
- Article date:
- March 12, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Business Editors
FORT WASHINGTON, Pa.--(BUSINESS WIRE)--March 12, 2004
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 ...