How are Life Settlements Regulated in California?

Oct 20, 2021 9:10:00 AM / by LISA posted in Financial Advisors, life settlement, Life Insurance Settlement, Life Settlement Provider

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California, like most states, has its own rules and regulations governing life settlements. If you are a life settlement provider in California, be sure to familiarize yourself with the nuances, as they do change from time to time. If you are applying to be a life settlement provider and looking to get a life settlement license, the following also provides information on how to accomplish this.

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Sharing Life Settlement Industry Lessons Learned With Policy Owners

Jul 22, 2021 9:00:00 AM / by LISA posted in Financial Advisors, life settlement, Life Insurance Settlement, Life Insurance, Life Settlement Provider

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Life settlement providers and brokers play a significant role in connecting policyholders with buyers. But, your responsibilities go a lot deeper than that. You also have an obligation to ensure policy owners make well-informed decisions when it comes to selling their life insurance. This is especially the case for many brokers, who may have a fiduciary duty to adhere to their client’s best interests.

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What Trustees Should Know About Life Settlements

Jun 1, 2021 9:10:00 AM / by LISA posted in Financial Advisors, Financial Planning, life settlement, Life Insurance Settlement, Life Insurance, Trustees, Long Term Care

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When an elderly parent’s health deteriorates, it can become necessary to appoint older children as trustees. A trustee takes legal ownership of the assets held by a trust and assumes fiduciary responsibility for managing those assets and carrying out the purposes of the trust. This includes managing financial assets such as life insurance policies.

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A Glimpse Into The Life Settlement Industry in 2021

Apr 7, 2021 10:30:00 AM / by LISA posted in Life Insurance Settlement, Industry Trends

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The life insurance settlement industry is highly regulated to protect the interest of investors, as well as those insured. However, strict governance also comes with a very fluid regulatory landscape that can be difficult to keep up with. In this blog, we’ll discuss legislation that has been passed concerning life settlements in 2021, as well as other trends and changes we expect to see for the rest of the year.

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Life Insurance Settlement History: How it Began

Mar 10, 2021 7:30:00 AM / by LISA posted in life settlement, Life Insurance Settlement, Life Insurance, Life Settlement Regulation

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Life insurance settlements have been around for over a century, yet many are still uninformed about the development of the process and how it came about. In this blog, we’ll highlight all the pivotal moments for the life settlement industry and how this has affected the industry today. 

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How Has COVID-19 Affected the Life Settlement Industry

Feb 19, 2021 10:45:37 AM / by LISA posted in life settlement, Life Insurance Settlements, Life Insurance Settlement, Conferences/Networking, Industry Trends

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The COVID-19 pandemic has changed the way nearly every industry does business. Some of these industries have been negatively affected, while others have quickly gained steam in recent months by pivoting their overall business strategy. Since the onset of the pandemic in March 2020, life settlement industry trends have been closely monitored - and the results may surprise you.

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Life Insurance Settlements vs. Viatical Settlements: What's the Difference?

Jan 27, 2021 7:30:00 AM / by LISA posted in life settlement, Viatical Settlement

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Life insurance and viatical settlements can be difficult to understand when doing research online. The two are often used interchangeably, however, several core differences exist in the two and not all policyholders are eligible for both. In this guide, we’ll provide you with everything you need to know about both viatical and life settlements. 

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What Factors Determine a Life Settlement Value?

Nov 25, 2020 9:00:00 AM / by LISA posted in life settlement, Life Insurance Settlements

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How To Invest In Life Settlements

Oct 6, 2020 6:30:00 AM / by LISA posted in life settlement

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Investing in life settlements has recently gained popularity as more of the senior population has discovered the benefit of life settlements for themselves. It is a type of investment that benefits all parties involved due to its unique dynamic of profit and need, and it is an investment that offers some notable benefits for investors when compared to traditional investments in stocks or mutual funds. 

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Networking Opportunities for Life Settlement Professionals

Sep 16, 2020 9:48:50 AM / by LISA posted in Life Insurance Settlements, Networking

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Networking is a crucial aspect of business for any professional, especially when it comes to a business sector like life settlements. However, it can sometimes be difficult to find networking opportunities, particularly with COVID-19 restrictions and shutdowns in effect. Luckily, there are some excellent resources, as well as a variety of methods, that will allow professionals to find networking opportunities.

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Life Settlement Regulation By State Map

Aug 5, 2019 12:48:00 PM / by LISA posted in life settlement, Life Insurance Settlement, Life Settlement Regulation

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Forty-three states and the territory of Puerto Rico regulate life settlements, affording approximately 90% of the United States population protection under comprehensive life settlement laws and regulations.

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A Breakdown of Stranger-Originated Life Insurance (STOLI)

Jul 10, 2019 12:57:00 PM / by LISA posted in STOLI, Stranger-Originated Life Insurance

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What is Life Settlement Fraud?

As with all important business transactions, policy owners and insureds must be careful not to be the victim of fraud or to commit fraud in connection with a life settlement. Individual policy owners and insureds are often older individuals who may be particularly vulnerable to fraud schemes. LISA and the entire life settlement industry want to help older adults avoid such circumstances.

The life settlement industry has observed a particular kind of transaction associated with life insurance policies and wants policyholders to be aware of it.

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For a Hedge Fund, Life Settlement Bets Are Turning Out Better Than Expected

Feb 14, 2019 3:09:00 PM / by User Not Found

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One of the top hedge funds in Scandinavia is betting only on life and death.

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3 Life Settlement Trends To Watch In 2019

Feb 6, 2019 12:00:00 AM / by Darwin Bayston, CFA

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Insurance professionals have monitored the life settlements industry with a watchful eye in the aftermath of the significant market contraction a decade ago.

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Half of Older American Households Falling Short of Target Retirement Income

Dec 21, 2018 3:22:00 PM / by User Not Found

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The Center for Retirement Research at Boston College recently completed an academic analysis of five national surveys that are frequently used to measure the financial resources available to American households in retirement. The goal was to objectively study the question of whether the U.S. Census Bureau’s Current Population Survey (CPS) actually understates retirement in-come in the U.S.
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Membership Structure Changes

Dec 4, 2018 4:58:00 PM / by User Not Found

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Dear LISA Members:

As I mentioned at the close of the 2018 LISA Spring Conference in Orlando, a number of significant changes will be implemented by LISA’s Board in the coming weeks, one of which is a change to the Membership structure of the association.

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Regular Member Changes

Dec 4, 2018 3:26:00 PM / by User Not Found

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Dear LISA Member:

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Membership Structure Changes

Dec 4, 2018 12:00:00 AM / by User Not Found

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Dear LISA Members:

As I mentioned at the close of the 2018 LISA Spring Conference in Orlando, a number of significant changes will be implemented by LISA’s Board in the coming weeks, one of which is a change to the Membership structure of the association.

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Life Settlement Industry Timeline

Oct 17, 2018 2:07:00 PM / by LISA posted in Insider, life settlement, Life Insurance Settlements, Life Insurance

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1911

Grigsby v. Russell: The U.S. Supreme Court ruled that life insurance policies are an asset. Like all assets, life insurance policies are now freely assignable for value.

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News release: Insurance Department issues cease/desist order against out-of-state viatical company

Jul 9, 2018 11:04:00 PM / by Unknown

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Topeka, KS— The Kansas Insurance Department has issued a cease and desist order against a New Jersey company selling viatical insurance settlements in Kansas for failure to file timely statements and renewal fees.

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Opinion: My Turn: Robert A. DiMuccio: Hurting R.I. consumers and economy

Jun 18, 2018 9:14:00 AM / by Unknown

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Founded more than a century ago in Providence, Amica Mutual Insurance Company has become one of the state’s largest employers. We’re deeply invested in supporting a healthy economy in Rhode Island and employ more than 1,500 local workers. We’re also a trusted insurance provider to more than 53,000 Rhode Island families who count on us in their times of need.

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3 Ways the Life Settlement Market is Like Uber

Jun 18, 2018 9:02:00 AM / by LISA

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Thanks to the proliferation of services like Uber, Airbnb, Lending Club and a host of others, sharing services have become a multimillion dollar industry.

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3 Ways the Life Settlement Market is Like Uber

Jun 18, 2018 12:00:00 AM / by Unknown

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Thanks to the proliferation of services like Uber, Airbnb, Lending Club, and a host of others, sharing services have become a multimillion-dollar industry.

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HOW PEOPLE CLOSE TO JOE CROWLEY HAVE GOTTEN RICH WHILE THE QUEENS BOSS HAS RISEN IN CONGRESS

Jun 13, 2018 9:32:00 AM / by Unknown

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THE RISE OF Congressman Joe Crowley, D-N.Y., has coincided with lucrative lobbying contracts for his younger brother, John Crowley, an attorney who goes by the first name Sean, and previously specialized in wills and estate law.

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Are Bond and Stock Bears Scaring You? Try These Uncorrelated Assets

May 26, 2018 9:54:00 AM / by Unknown

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It’s a scary, volatile market with asset correlations that may result in making emotional investment decisions. Instead of letting your emotions get the best of you, hit the pause button and take a look at smart alternatives. When historical valuations tell you that both stocks and bonds are expensive, it’s time to search for products that can put up decent risk-adjusted returns regardless of any economic cycle.

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LISA’s Annual Spring Conference Spotlights Need for Creative Financial Solutions to Retirement Savings Shortfall

May 16, 2018 10:08:00 AM / by Unknown

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Guest speakers at LISA’s 24th Annual Spring Life Settlement Conference, held last week at the Willard Intercontinental Washington in Washington, D.C., spotlighted the retirement savings shortfall in the U.S. and the need for “innovative solutions” to this growing problem.

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Capitol Hill Insiders Point to Increasing Focus on Retirement Security at LISA’s 24th Annual Spring Life Settlement Conference

May 10, 2018 10:23:00 AM / by LISA via BusinessWire

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Life Insurance Settlement Association via BusinessWire, 8 May 2018

Guest speakers at the Life Insurance Settlement Association (LISA)’s 24th Annual Spring Life Settlement Conference, held this week at the Willard Intercontinental Washington in Washington, D.C., spotlighted the retirement savings shortfall in the U.S. and the need for “innovative solutions” to this growing problem.

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LISA's Response to AARP

May 2, 2018 10:35:00 AM / by Life Insurance Settlement Association

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To: ALL LISA Members

From: Darwin Bayston, President & CEO
Date: April 25th, 2018

Dear LISA Members:

The AARP Education & Outreach division published an article titled “Selling Your Life Insurance? Proceed with Caution” last October that was recently brought to our attention since it keeps being shared on the web. We are very concerned with the piece because it is based on information that is extremely dated at best and factually obsolete at worst. LISA drafted the following response to AARP.

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Life Insurance Settlement Association to Host 24th Annual Spring Life Settlement Conference in Washington, D.C. on May 6-8, 2018

Apr 12, 2018 2:29:00 PM / by Life Insurance Settlement Association

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Life Insurance Settlement Association (LISA), 10 April 2018

The Life Insurance Settlement Association (LISA) today announced a robust agenda, focused on regulatory developments surrounding life insurance and retirement security issues affecting seniors, for its 24th Annual Spring Life Settlement Conference. The conference will be held May 6-8 at the Willard InterContinental Washington in Washington, D.C.

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6 Options to Fund Long-Term Care in Retirement

Mar 4, 2018 4:54:00 PM / by Carlos Dias Jr., RIA, Wealth Manager and Founder, Excel Tax & Wealth Group

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For many retirees, the term "long-term care" is typically associated with a nursing home. As we age, there is a greater chance we will need some sort of long-term care in the future. According to the U.S. Department of Health and Human Services , 70% of people over 65 will need long-term care at some point in their lives.

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Life Insurance Settlement Association to Host 8th Annual Life Settlement Institutional Investor Conference on February 26th in New York City

Feb 2, 2018 2:33:00 PM / by Life Insurance Settlement Association

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Life Insurance Settlement Association via Globe Newswire, 2 February 2018

The Life Insurance Settlement Association (LISA) today announced that its Eighth Annual Life Settlement Institutional Investor Conference, the leading professional gathering of institutional investors in the life settlements asset class, will be held on February 26, 2018, at The Ritz-Carlton Battery Park in New York City.
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Rhode Island Legislature Introduces Consumer Disclosure Bill

Jan 11, 2018 3:06:00 PM / by Life Insurance Settlement Association

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Life Insurance Settlement Association, 12 January 2018

Protections for insurance consumers continue to be a hot topic for 2018’s legislative session. Keeping with this trend, Rhode Island has introduced legislation (HB 7124) that would notify policyholders, under certain circumstances, that there are alternatives to the lapse or surrender of their life insurance policy. Among the alternatives listed is a life settlement. The bill was introduced yesterday and was referred to the House Corporations Committee.

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23rd Annual Spring Life Settlement Conference Comes to Austin on May 14 - 16

Apr 17, 2017 5:04:00 PM / by LISA

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Life Insurance Settlement Association, 03 April 2017

The Life Insurance Settlement Association (LISA) today announced the schedule and featured speakers for its 23rd Annual Spring Life Settlement Conference, to be held May 14-16, 2017, at the Omni Austin Hotel in downtown Austin, Texas.
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