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WHY LIFE INSURANCE AGENTS ARE USING AAA SETTLEMENTS AS THEIR EXCL? The Presence Of Institutional Investors Grows National underwriter November 12 2007 However, Al Weinberger, a senior partner at AAA Life Settlements, Inc. said actual data on life settlements has been collected and it shows Conning's estimates on the market's current size to be far short. Weinberger said his company has worked on an estimate of its own in the past few months, "based on actual data" from 10 companies. By themselves, he said, those companies saw an increase of approximately $1.3 billion in face value transferred in 2006 compared to 2005. Weinberger said the information... Read more Selling off life insurance policies to raise money grows in popularity; some wonder who's buying Daily news july 30 200 Ernesto Knopfler, a 74-year-old from Borough Park, Brooklyn, who has six adult children and countless grandchildren, recently sold his $350,000 policy and pocketed $175,000. "I decided I want to give to my children," he explained. Knopfler, the owner of men's clothing wholesaler and retailer Kesser Clothing in Borough Park, bought his policy in 1985 and had been paying $3,600 in annual premiums. But they were about to escalate because of his age, said his broker, Al Weinberger of Triple A Settlements... Read more |
 
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