Perspective
Apr. 20, 2012
The battle over life settlement policies
Insurance companies don't like investors owning policies because investors exercise contractual rights that insurance companies tout, but don't expect consumers to take advantage of. By William Molinski and Khai LeQuang
Insurance companies today are going to court to try to invalidate millions, and potentially billions, of dollars in life insurance policies they issued years ago. What's more, they're asking courts to let them pocket millions of dollars in premiums they collected over the years, leaving their policyholders with nothing, and in the process giving themselves a massive windfall for writing policies they now claim are ille...
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