The life settlement association is an association that consists of the top life settlement funders, brokers, and producers. It’s main purpose is to be an information and other resources for the life settlement industry.
One association, Life Insurance Settlement Association, has been in existence since for over 10 years and is comprise of over 117 companies. The association is active with the regulations of life settlements of many states.
In addition to state regulations, a life settlement association encourages ethical practices of the members of the life settlement industry. Since settlements are viable financial tool, it is imperative that the persons that sell, broker or fund life settlements act in the best interest of the clients.
Although LISA is the largest national life settlement association, there are various states that have associations as well, such as California’s Life Settlement Association (CALSA), which was formed in 2005 and is designed to promote and protect the life insurance interests in California.
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