Forfeited life insurance benefits pegged at $112 billion
March 2, 2015 by Warren S. Hersch, whersch@SummitProNets.com
Americans ages 65 and older forfeit $112 billion in benefits annually by lapsing or surrendering their life insurance policies, according to new research unveiled at the Life Insurance Settlement Association’s (LISA) Fifth Annual Institutional Investor Life Settlement Conference.
John Welcom, founder and chief executive officer of Welcome Funds, and Darwin Bayston, president and chief executive officer of LISA, presented these findings at general session of the gathering. The event was held at event took place on Monday at The Ritz-Carlton New York in Battery Park. Click HERE to read…