| Title: | Life Settlements and Financial Planning for Senior Citizens - http://senior-blog.wittybuzz.com/2008/08/30/life-settlements-and-financial-planning-for-senior-citizens/ |
| Pagerank: | N/A |
| Description: | There is a new kid on the block for certain high net worth senior citizens. It is called the life settlement. It is a secondary market in life insurance policies. For years the insurance companies have operated what is called a monopsony. This is where a particular buyer so controls the market that he can also control prices. It is a reverse of monopoly where it is the seller who controls the market. In the case of insurance companies before the advent of life settlements, if a person was interested in cashing out his policy, he had only one buyer. It has been compared to a person who buys a house, and after years pass, and his circumstance change, he is able to sell the house only to the original builder, and at the price the builder paid to build the home. It is not likely this would be tolerated for very long. |
| Category: | Blogs: Internet |
| Link Owner: | a@hotmail.com |
| Date Added: | September 03, 2008 02:48:45 AM |
| Number Hits: | 0 |
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