SOURCE: Life Insurance Settlement Association

Life Insurance Settlement Association

August 17, 2009 15:41 ET

Consumers Encouraged to Turn to Life Insurance Settlement Association for Sound Guidance and Business References

ORLANDO, FL--(Marketwire - August 17, 2009) - In an uncertain economic environment, baby boomers are reconsidering their retirement needs and taking a closer look at their financial outlook. Many of them are revisiting their life insurance needs and finding that a life settlement option could be a great way to raise cash during this economic downturn.

The Life Insurance Settlement Association (LISA) has established the largest and most respected membership base of any organization within the secondary market for life insurance. Comprised of more than 140 companies, LISA members have provided billions of additional value to consumers seeking to sell their life insurance policies. For over a decade, LISA has offered consumers the broadest and most diverse choice in life settlement representation.

Today's consumers are an increasingly discerning population with a variety of changing economic needs. Life settlement transactions can be complex financial endeavors and consumer access to excellent information is critical to their ability to make well-informed decisions. From understanding the life settlement process to seeking competent representation, LISA is widely regarded as the most comprehensive resource for consumers today. Whether one is looking for the right broker, provider, or financial representative, LISA now offers a wealth of member company information to help consumers in their decision-making process. "As a trade association, we understand the consumers' need for timely, accurate and useful information. To this end, we have established a unique and entirely modern web portal for consumers to explore their insurance policy options. If you are considering the life settlement option, we encourage you to become better informed. Visit our website today," declared Doug Head, LISA executive director. On the LISA website (www.thevoiceoftheindustry.com), consumers will find the answers to questions such as:

WHAT KINDS OF SERVICES DO LISA MEMBERS PROVIDE?

LISA members represent the finest life settlement organizations in the industry today. LISA membership is comprised of brokers, providers, producers, and other companies offering a variety of legal and financial services to consumers. Each member category is defined and explained on the LISA public website. Companies applying for LISA membership are subject to a vigorous vetting process by the LISA Board of Directors and staff. All LISA members must agree to abide by the LISA Bylaws and Code of Ethics and annually certify compliance with each.

WHICH STATES REGULATE LIFE SETTLEMENTS?

To better inform the public, LISA provides all current state statutes and regulations in force today on the public website. LISA members take advantage of a whole host of members-only legislative and regulatory information to better serve the growing number of consumers turning to life settlements.

WHICH COMPANIES ARE LICENSED TO DO BUSINESS IN MY STATE?

Consumers may visit the LISA public website and search through the member company database to determine who is licensed to do business in their state and choose the company that suits their needs. LISA staff personally verifies each member company's license to ensure that it is current and valid. Consumers may be secure in the knowledge that LISA staff track the license status of each member holding a license on an ongoing basis.

HOW CAN I LEARN MORE ABOUT THE LIFE SETTLEMENT PROCESS?

The public will find a useful life settlement Education Center which offers an excellent primer on the history of life settlements, the life settlement process, a glossary of terms, taxation information, case studies and more. Additionally, the public website offers consumers valuable information on illegitimate activities that pose risks to the public's financial welfare.

Contact the LISA office during regular business hours to learn more about the valuable services offered by the association and its members. To learn more, visit LISA at: www.thevoiceoftheindustry.com.

Established in 1994, the Life Insurance Settlement Association is the oldest and largest trade organization in the industry. Its goal is to promote the development, integrity, and reputation of the life settlement industry, and to promote a competitive market for the people it serves. LISA now represents over 140 members with a wide variety of interests in the industry. For more about the association, visit www.thevoiceoftheindustry.com.

Contact Information

  • Contact:

    Life Insurance Settlement Association
    1011 E. Colonial Dr, Ste 500
    Orlando, FL 32803
    Phone: 407-894-3797
    Fax: 407-897-1325
    Email Contact