The Life Insurance Settlement Association says the recent change in economic conditions could increase the number of life policyholders who want to sell their policies.
Some policy owners may decide they want to sell their policies to get the resources to keep other, more cherished assets, according to LISA, Orlando, Fla.
"Perhaps they have been over-sold on insurance or had expectations of greater assets that now seem realistic," LISA Executive Director Doug Head says in a statement. "A life settlement is both logical and appropriate for some consumers and represents a value judgment which is entirely appropriate for others."
