WASHINGTON -- A lawmaker is calling for federal oversight over the life settlement industry, and for a look at life settlement taxation rules.
Sen. Herbert Kohl, D-Wis., chairman of the Senate Special Committee on Aging, said at a hearing on the life settlement market that the market can be helpful to older Americans.
“Life settlements can be a worthy alternative for seniors who are considering the sale of their life insurance policies,” Kohl said today at the hearing, which had the title, “Betting on Death in the Life Settlement Market: What's at Stake for Seniors?”...Read More
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