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Article: Life Settlement Institute Supports Secondary Market Life Insurance Premium Financing Programs; LSI Acts to Raise Awareness and Concern about Elements of Certain Premium Finance Programs.
- Article from:
- Business Wire
- Article date:
- April 4, 2005
CopyrightCOPYRIGHT 2005 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)
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WASHINGTON -- The Life Settlement Institute today announced that its support for the secondary market for life insurance includes those premium finance programs which utilize the secondary market value of life insurance to enable people with a true need for life insurance to tap into the market value of life insurance. These programs allow policyowners to acquire coverage which provides needed protection for their beneficiaries. The LSI made its announcement in response to questionable elements of certain new non-recourse premium finance programs which may violate insurable interest, usury, life settlement, premium finance, rebating or other insurance and consumer ...