The life settlement market is growing rapidly, and in the right direction. Life settlements have seen growth before, however it was more of a free for all and there was no structure behind the settlement market. Today’s growth however is much different. There is new regulation sweeping the country on many fronts. The life settlement market is functioning with a new level of transparency that is benefiting consumers. Legislation is changing the face of the market and forcing insurance companies to advise their clients of the life settlement option, a legitimate and viable financial opportunity that has been kept in the dark for many years.
Confidence in the life settlement market is growing, bringing investors and institutional funds back to the table. This is good news for consumers because it opens up a more competitively funded market.
More change is to come with suggested guidelines for the life expectancy report industry, and mainstreaming medical exams similar to the exams performed when a life insurance policy is issued.
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