Expanded efforts to reach out to financial advisors could help fuel continued growth in the life settlement market.[@@]
One survey shows that only 20% of advisors have conducted any life settlement transactions, according to researchers at Maple Life Financial Inc., Bethesda, Md.
“Spreading the message is a common goal for many professionals in the life settlement industry,” Maple Life researchers write in a new report on the life settlement market.
Here are some other findings that appear in the report, which is based in part on an informal survey that Maple Life conducted for its own quarterly newsletter:
- Maple Life predicts that the life settlement industry will buy about $10 billion to $15 billion in life policy death benefits this year.