Life Settlements: How Long Should Investors Wait Before Purchasing Life Insurance Policies?

Life Settlements: How Long Should Investors Wait Before Purchasing Life Insurance Policies?
Frederic M. Garsson
LIMRA Regulatory Review

Frederic M. Garsson, special counsel in the Insurance Practice, published this article providing an overview of the issues that need to be reviewed before investing in a life insurance policy, as well as a review of the current situation in New York. Fred concludes that investors should never assume that it is safe to purchase a life insurance policy simply because more than two years have passed since the policy was issued. Only by reviewing applicable state laws can investors determine whether an issuing insurer is permitted to contest the validity of a life insurance policy.