First let’s define a life settlement, then we can review what a life settlement association is and how it benefits participants. A life settlement involves the sale of an existing life insurance policy to a third party for cash. The third party buyer pays the seller more money than the policy’s cash value, and in exchange for the cash and the assumption of the obligation to pay future premiums the buyer receives the death benefit. As you can imagine, when the life settlement industry began it was like the Wild Wild West – there was no sheriff in town trying to keep law and order. Then along came the idea of a life settlement association. Vendors in the life settlement industry aligned together to form a life settlement association to try to bring stability and consistency to how the market transacts business. The beneficiaries of the association and its work to help regulate market dynamics are the sellers and the buyers who are involved in this billion dollar industry. By bringing competition together to develop fair market values for the purchase of life insurance policies a settlement association promotes capitalism at its best, and in a free market all of the honest participants benefit. To find out more about the potential value of a life insurance policy sold in a settlement transaction involving reputable members of a settlement association please complete a quick survey here: LIVEpdq