As the market for Life Settlements matures and grows larger, the buyers are employing various strategies to stay competitive.
Changes in legislation could be a boon for the Life Settlement business. The sale of an existing life insurance policy, through a regulated life settlement transaction, is so pro-consumer that more states are requiring insurance companies to notify senior insured about the exisitence of the life settlement option/market.
Doug Himmel, a Partner of Melville Capital, is featured in an interview regarding Life Settlements in the preeminent Alt's publication, AllAboutAlpha.
Life Settlements – California Broker Magazine. In today’s turbulent economic climate, companies and their advisors must maximize the value of all corporate assets, whether because of succession planning, the sale of a company, reorganization, or liquidation.
Life Settlements of Corporate Owned Life Insurance Policies, by Doug Himmel.
NABTalk Magazine. Today’s turbulent economic climate requires that bankruptcy trustees proactively manage the assets in the estates they are administering in order to maximize their value.
Corporate owned life insurance policies, also known as “key person” policies, have traditionally been viewed as a “contingent asset,” meaning the policy has no value until the key person dies. Typically, the business (as owner of the policy) pays the insurance premiums…
Connecticut Turnaround Management Association Newsletter. More than ever, today’s turbulent economic climate requires that troubled companies, either reorganizing or liquidating, observe the duty to maximize the value of their estates and assets.
In recent years, insolvency professionals have realized that monetizing life insurance assets, commonly overlooked in the often frenzied world in which we operate, is an option which may make a significant difference to the case.
Investor’s Business Daily. If your company faced a cash shortage in the past, you’d pick up the phone and call your bank to borrow money. That’s old news.
Michelle Campbell, a former bankruptcy attorney and turnaround consultant with AlixPartners LLP in Los Angeles, tells clients to look for hidden sources of cash.