Financial firms are buzzing about the idea of securitizing life settlements, but experts point to the risks and questions about viability of the structured products. "There are transactions in the pipelines -- a lot of them come to our desks -- but many of them aren't doable," said Emmanuel Modu, an executive at A.M. Best. "Getting into this asset class isn't trivial, and that's discouraged people from entering the market and securitizing policies."

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