Life insurance policy buyouts 'rife with fraud'

Article Abstract:

Viatical settlement companies will be investigated by state regulators for possible fraudalent and deceptive investment practice. Viatical settlement refers to cash given to sick persons in return for the death benefits of the sick person's life insurance policy. Among the companies facing regulatory sanctions are Personal Choice Opportunities of Palm Springs, CA, and Mutual Benefits of Pompano Beach, FL. State regulators are concerned due to the risks and unpredictable situations investors are facing.

Direct Life Insurance Carriers, Life Insurance

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Information brokers put on brakes

Article Abstract:

The information brokerage industry and its customers have decided to restrict the kinds of information they sell because of reports that up to 1,000 identities of people are stolen everyday. Privacy advocates, legislators and the Federal Trade Commission have reprimanded credit bureaus and information brokers because their sales of personal information could violate the right to privacy. Identity thieves steal bank and financial accounts by using Social Security numbers, dates of birth and addresses.

On-Line Information Services, Information Brokers

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