Forum National Investments Ltd. (FMNL) Announces Canadian Financial Product Launch
Forum National Investments today said it plans to commence the sale of its Canadian Financial bond offering securitized by senior U.S. life settlements Thursday, June 16, 2012, in Vancouver B.C. The financial product is geared toward retail investors looking for investment opportunities not hitched to stock market fluctuations or broader economic impact; rather, the bond’s performance is hinged only to the maturity and payment of the death benefit of the life insurance policy that secures the investment. Forum said it will utilize Life Settlements as the backbone for the securitization and the trigger for performance of the bond, and because…