2009 Legislative Forecast: Consumers First

Posted on November 6, 2008 under , ,

LISA, the Life Insurance Settlement Association, released an announcement detailing the organization’s forecast for state and federal legislation in 2009 – with the priority of putting the consumer first in public policy making regarding life settlements.

I thought a quote by Doug Head, LISA’s Executive Director, summed up the current environment very well:

“In 2009 LISA will focus attention on life insurers’ anti-consumer market conduct that impairs policyowners’ access to life settlements and other secondary market transactions.”

Life Insurance companies would rather senior policyholders surrender policies or let them lapse than have the policyholder sell their policy for fair market value.  As a result, many life insurance agents do not recommend life settlements so as not to disrupt the source of their primary business – selling the life insurance in the first place.

If you or someone you love owns or is paying premiums on unwanted or unneeded life insurance, have them discuss the option of a life settlement with their financial advisor and visit our calculator for a free and instant life settlement quote.

We certainly hope LISA’s predictions are correct and that the government will take a more active role in eliminating confusion and representing the consumers’ best interests.

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