Filed Under:Life Insurance, Life Settlements

UK 's FSA Strongly Warns Industry off Securitized U.S. Life Settlements

Image Courtesy AP
Image Courtesy AP

The UK’s Financial Services Authority (FSA) is warning its regulated firms against selling or marketing traded U.S. life insurance policies investments (TPLIs) to retail investors because they are “high risk, toxic products,” it stated in a press release.

In an announcement from the other side of the pond Monday, the FSA said the so-called “death bonds” or death “bets,” whereby investors put their money into a pooled investment or fund which invests in U.S. life insurance policies, and bet on when the original policyholders will die, are highly problematic and did its best to make sure firms stay clear of them.  

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Nichole Morford

Nichole Morford
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