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- Policing Terminal Illness Investing: How Florida Regulates Viatical Settlement Contracts
- The article is about viatical settlements that are a 10-year-old investment industry built upon the mature life insurance policies of the old and terminally ill. Viatical settlements are a relatively recent phenomenon presenting a mixed bag of opportunity and risk for both viator and purchaser. Viaticals are a cash management...
- White papers 2000-02-20
Additional Resources
- A chill on viatical settlements. (Securities and Exchange Commission lawsuit against Life Partners Inc.) (Editorial)
- The Securities and Exchange Commission's SEC lawsuit against Life Partners Inc may setback the viatical settlement industry. The SEC has charged that Life Partners' viatical settlements, contracts that pay terminally ill payments up front cash benefits The Securities and Exchange Commission's SEC lawsuit against Life Partners Inc may setback the...
- Research articles 1994-09-05
- IRS letter on taxation of policy sold to viatical co. (Tax Facts & Tactics)
- The Internal Revenue Service has issued a letter ruling that has made the income tax treatment of values transferred from a life insurance policy to a viatical settlement company. Viatical settlement companies pay terminally ill life insurance policyholdeThe Internal Revenue Service has issued a letter ruling that has made the...
- Research articles 1995-02-20
- Pomeroy: more viatical issues need exploring. (North Dakota Insurance Commissioner Glenn Pomeroy)
- North Dakota Insurance Commissioner Glenn Pomeroy has recommended that the National Assn of Insurance Commissioners's fall 1994 meeting take up the issue of viatical settlements. Pomeroy believes that issue of regulating the viatical settlement industry is imperative now that the Securities and Exchange Commission has filed a lawsuit against Life...
- Research articles 1994-09-05
- SEC Fines Florida Viatical Company. (Mutual Benefits Corp., viatical settlements)
- A recent decision in US. District Court on a complaint brought by the Securities and Exchange Commission marks the first time the SEC has succeeded in fining a viatical settlement company for engaging in activities that could be construed as selling seA recent decision in US. District...
- Research articles 1998-05-18
- Viaticals not securities, court rules.(viatical settlements)
- The District of Columbia Court of Appeals has ruled in the Securities and Exchange Commission SEC v. Life Partners Inc. & Brian Pardo that viatical settlements are not subject to federal securities laws as they are not securities. The SEC has contended that viatical settlements, which are contracts involving the...
- Research articles 1996-07-15
- Iowa Eyes Sale Of Viatical Contracts As Investment Vehicles.
- The Iowa House recently approved in a 93-2 vote S.B. 410, a bill that would regulate the sole of viatical settlement contracts as investment securities. The stole Senate approved the bill in March by a 98-1 vote. The viatical settlement process gives...
- Research articles 1999-05-03
- Viatical settlement dispute flares. (campaign issue during election of North Dakota insurance commissioner)
- Candidates for the post of Insurance Commissioner in North Dakota have made the viatical settlement industry a major campaign issue. Viatical settlements entail the selling of a life insurance policy death benefit at a discount by a terminally ill person to a third party. Current securities commissioner Glenn Pomeroy, a...
- Research articles 1992-09-07
- Viatical Settlement Firm Retains Lexington Insurance to Reinsure Institutional Investors
- DELRAY BEACH, Fla.--BUSINESS WIRE--Jan. 25, 1999--Dedicated Resources, Inc., a viatical settlement provider based in Delray Beach, Fla., has implemented a reinsurance program for its individual and institutional investors through Lexington Insurance Company of Boston, Mass. The announcement was made by Michael Zadoff, president of Dedicated Resources, which has processed...
- Research articles 1999-01-25
- Short Interests: Viatical brokers urged to straighten up and fly right.(Briefs)
- Byline: Sara Hansard and Brooke Southall An organization that represents life insurance agent financial advisers has called for the licensing and testing of viatical brokers. The National Association of Insurance and Financial Advisors in ...
- Research articles 2004-04-26
- SEC Fines Florida Viatical Company
- A recent decision in US. District Court on a complaint brought by the Securities and Exchange Commission marks the first time the SEC has succeeded in fining a viatical settlement company for engaging in activities that could be construed as selling seA recent decision in US. District...
- Research articles 1998-05-18
- Viatical investors sue in Baltimore City Circuit Court, claiming
- A company that represents 4,600 investors has filed suit in Baltimore City Circuit Court, alleging its members lost $137 million as a result of a viatical pyramid scheme. Members of Premium of America LLC claim they were offered guaranteed returns on their viatical investments - the purchase of...
- Research articles 2006-08-15
- Viatical cos. find some direction in court ruling.
- Life Partners Inc (Waco, TX), a viatical settlement company that makes lump payments to terminally ill people in exchange for the value of their life insurance policies, was found guilty in federal court of securities law violations. Life Partners had been creating contracts based on the underlying value of the...
- Research articles 1995-09-11
- Viatical cos. may follow Dignity Partners' lead.
- The viatical settlement company Dignity Partners Inc filed an initial public offering of stock. The firm, which buys the life insurance policies of terminally-ill patients, plans to offer 2.3 million shares of common stock with a total value of $34.5 million. In its securities registration with the SEC, Dignity Partners...
- Research articles 1995-11-20
- Viatical Firm Wins Case Against CIGNA Unit.
- A federal court in Waco, Texas has ruled that a subsidiary of CIGNA Group must honor the decision of one of its policyholders to sell his life insurance policy to a viatical company. Viatical companies pay terminally ill life insurance policyholders, called viators, a...
- Research articles 1998-11-30
- Feds Make Arrests In Florida Viatical Probe.
- Federal Bureau of Investigation and Internal Revenue Service agents last week arrested three people associated with an alleged viatical Ponzi scheme based in Florida, and are looking for another suspect. Financial Federated Title & Trust, in Lazy Lake, Florida, and affiliated companies allegedly sold...
- Research articles 1999-09-20
- CNA Still Shopping Viatical, Life Re Units.
- CNA has yet to receive an acceptable offer for its viatical and life reinsurance operations but is still seeking buyers, said Bernard L. Hengesbaugh, chairman and CEO of the Chicago-based insurer, last week. The company, a division of CNA Financial Corp., pulled its life ...
- Research articles 2000-08-21
- Cashing Out Life Insurance: An Analysis of the Viatical Settlements Market
- People near the end of their lives often do not have enough income or liquid assets to pay mounting bills. They are increasingly using vertical settlements, which allow policyholders to convert their previously nonliquid life insurance policies into cash at a discount to the policies' face value. Using a database...
- White papers 2004-05-18
- Technology, Monopoly, and the Decline of the Viatical Settlements Industry
- The viatical settlement industry provides an opportunity for terminally-ill consumers, typically HIV patients, to exploit a previously untapped source of equity in existing life insurance contracts to finance consumption and medical expenses. The paper distinguishes two explanations for falling prices-an increase in market power, and a change in market expectations...
- White papers 2005-03-01
- Life Partners, leading viatical settlement firm, wins securities-law case, dismissal of SEC charges; "Victory for terminally-ill and small investor"
- WACO, Texas--BUSINESS WIRE--July 9, 1996--The U.S. Court of Appeals for the District of Columbia has ruled that the viatical settlements arranged by Life Partners Inc., headquartered here, are not securities.
- Research articles 1996-07-09
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