Apr
29
The U.S. Senate Special Committee on Aging has scheduled a hearing on life settlements for April 29.
The session, titled “Betting on Death in the Life Settlement Market - What’s at Stake for Seniors?” will be chaired by Sen. Herb Kohl, D-Wis. It will start at 2 p.m. East Coast time and will be webcast. The committee’s website is at http://aging.senate.gov/.
The witness list is not yet complete, but is not likely to exceed six or eight people on two panels, according to a committee investigator.
The committee has met with a number of players in the life settlement and life insurance industries and has sent questionnaires to them as well as follow-up letters, the investigator said.