TY - JOUR T1 - The Supply and Demand for Life Settlement Contracts JF - The Journal of Structured Finance SP - 101 LP - 111 DO - 10.3905/JSF.2009.15.2.101 VL - 15 IS - 2 AU - Charles A Stone Y1 - 2009/07/31 UR - https://pm-research.com/content/15/2/101.abstract N2 - In this article the author discusses the implications the financial crisis and recession have had and will have on the market for senior life settlements. At first glance the financial crisis should actually spur the growth of the market in senior life settlements. This is because on the supply side of the market significant amounts of wealth of senior citizens have been lost in the stock, bond, and real estate markets. On the other hand, factors on the demand side of the market have reduced the offered prices for life insurance policies. Interestingly, the most dramatic event that impacted the life settlements market as the financial markets entered the crisis stage in the autumn of 2008, was the decision by the directors of 21st Services to revise their mortality tables. The author concludes that the element that creates a sustainable market in life settlements is the increased transparency of pricing on both sides of the market.TOPICS: Financial crises and financial market history, legal and regulatory issues for structured finance ER -