Stranger-Originated Annuities: It’s About More Than Annuities

The battle over stranger-originated annuities is part of a larger battle over the insurance product resale market, representatives from an insurer group and a life settlement group agree.

Witnesses from the American Council of Life Insurers, Washington, and the Life Insurance Settlement Association, Orlando, Fla., appeared Thursday at a STOA hearing organized by the Life Insurance & Annuities Committee at the National Association of Insurance Commissioners.

http://www.lifeandhealthinsurancenews.com/News/2010/5/Pages/StrangerOrig...