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.