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