View Full Article Another option for seniors is life settlements. Seniors who have life insurance policies may not realize that they can sell them for cash at a fair market value. There are financial institutions and investors that will actually purchase life insurance policies for more than their cash surrender value. These purchasers become the… [Continue Reading]
AFCO Credit Corporation to acquire U.S. assets and operations of Cananwill
View Full Article AFCO Credit Corporation today said it plans to buy the domestic operations and assets of the premium finance business of Cananwill from Aon Corporation (NYSE: AON). Glenview, Ill.-based Cananwill provides insurance premium financing for commercial property and casualty policies. It was founded in 1937.
Insurers Push For Tighter Resale Rules
View Full Article If you want to sell your life insurance, you may have to hurry. Wealthy people and retirees who don’t feel they need life insurance anymore were historically able to sell their policies, usually for a premium. But that might change as a fight brews between a growing secondary market and the insurers…. [Continue Reading]