Release date- 30072019 - The Life Insurance Settlement Association (LISA) will host its 25th Annual Fall Life Settlement
& Compliance Conference, the longest-running professional conference in the life settlement
industry, on October 13-15 at the Hilton Nashville Downtown in Nashville, Tenn.
The first question on the survey was designed to find out why more CPAs do not discuss life settlements
with their clients.
I've been watching the life settlement
industry for more than 10 years and have seen both the maturation, regulation and sophistication of the industry grow measurably.
Before that happens, it is your responsibility to your clients to investigate the possibility of a life settlement
as it could provide substantially more value to the policy owner than surrendering it back to the issuing insurance company.
So how do insurance advisors engender trust and build rapport with estate and tax planning professionals -- some of whom have a pivotal role in deciding whether a life settlement
is the best course of action for their clients?
The regulatory and legislative climate for life settlements
Producers with actual knowledge of life settlements
can do their clients a great service, whether it is counseling them to keep a policy or sell it on the life settlement
What we all do agree upon is that life settlements
are here to stay, that they provide an invaluable resource to the insuring public, and will result in both challenges and tremendous opportunities for financial planning professionals as well as financial institutions.
are based on the proposition that some insured individuals no longer want, need or can afford their coverage.
For example, consider the use of life settlements
in the sale of a business in which an otherwise tenuous deal was accepted.
A section of the site is also devoted to financial professionals with information that assists them in educating their clients about the advisability and viability of a life settlement
Looking ahead, because of the combination of fewer new policies settled with increased death claims and lapses on previously settled policies, the amount of in force life settlements
decreased for the first time in our years of observing the market.