By Warren S. Hersch
The life settlement market won’t realize its potential until two things happen: (1) commissions on the transactions are much reduced, if not eliminated; and (2) reporting of closing prices and transactions costs of life insurance policy sales are available to the public.
This is the view of Dr. Lauren Cohen, professor of finance at Harvard Business School; and Michael Freedman, president, GWG Life LLC., a life settlement investor and provider.
To learn more about the market’s promise and continuing challenges, LifeHealthPro Senior Editor Warren S. Hersch interviewed the two experts. The following are excerpts.
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