In the east and west, bankers are looking to the life insurance industry to give the financial system a fresh dose of vitality. But the wildly different approaches stand to impact life insurers in equally opposite ways.
Friday, the New York Times reported that bankers are seeking to buy life insurance packages from holders who sell them at a deep discount (around 40% of the settlement value). The banks will then bundle the packages, securitize them into bonds, and sell them off to clients such as pension funds, who receive the remainder of the settlement proceeds when people with the insurance die...
Friday, the New York Times reported that bankers are seeking to buy life insurance packages from holders who sell them at a deep discount (around 40% of the settlement value). The banks will then bundle the packages, securitize them into bonds, and sell them off to clients such as pension funds, who receive the remainder of the settlement proceeds when people with the insurance die...
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