It is encouraging to see that Cinven, the private equity company, is looking to list Partnership Assurance which
provides annuities for unhealthy elderly. We often come across simplistic questions about the ethics of the life settlements
business. In life settlements, the insured receives an up-front lump sum payment. In annuities, the insured pays a lump sum to receive regular payments thereafter. In both cases, the investor (or the insurance company) makes an assessment of the insureds health status. Claims of 'death bonds' or 'death annuities' deprives unhealthy elderly receiving money.