Life Insurance Market 
| Just as Fannie Mae and Freddie Mac created an active secondary market for home mortgages, life settlement firms are now playing a similar role for the sale of life insurance policies that the owner no longer needs or wants. Prior to life settlements, policyholders had few "exit options" once they decided to eliminate their policy. Typically, they would allow the policy to lapse or "cash surrender" the policy for an amount predetermined by the issuing insurance company. In either case, large sums of money were left on the insurance company's table, not the policyholder's. |
|
| Secondary Market : Life Insurance Market |
SECONDARY MARKET FOR LIFE INSURANCE |