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Examples of important Life Settlement topics covered by CPE NASBA approved seminar presented by Integrity Life Solutions, LLC – “Life Settlements: Introduction and Best Practices”

Definition: Life Settlement: The purchase of a life insurance policy by an investor (in the secondary market for life insurance) where the policy’s insured is of advanced age (a senior, or otherwise has a relative low life expectancy) for an amount greater than the cash surrender value of that policy.

Analysis

And what about the lawsuits that have started? The life settlement market saw double-digit annual growth for a decade until 2008. When the financial crisis hit, global markets and credit evaporated, and the life settlement markets came to a standstill. How did this happen to a market that was supposedly not correlated to other markets?

On July 22, the Securities and Exchange Commission released a report from its Life Settlements Task Force which recommended that the SEC urge Congress to amend federal securities laws to include life settlements as securities.

The report also recommended that the SEC monitor brokers and providers to assure that legal standards of conduct are being met.