Viatical Settlements

Life Settlements
NAIC Viatical Settlement Working Group
2003 0515 – GOV (House) – Retirement Security: What Seniors Need to Know About Protecting Their Futures, Richard H. Baker (R-LA) — [BonkNote]
- NAIFA – Testimony – David F. Woods, CEO, National Association of Insurance and Financial Advisors – 21p
2005 – LR – Viatical Settlement Industry: Does Mutual Benefits Render It Terminal?, by Florence Bih Shu-Acquaye & Elisabeth Divine Reid – 63p

Thomas Moran, who works for The Heritage Group, stated at the NAIC Viatical Settlement Working Group meeting on March 8: “The biggest problem the viatical provider companies are having is incorrect life expectancies…People are living too long…As a result the problem manifests itself in the premium reserve diminishing too fast and the money is not there to pay premiums.”