The Life Insurance Settlement Association’s (LISA) 18th annual Fall Conference wound down in Orlando last week after drawing attendees from both the U.S. and abroad to hear presentations on this year’s main theme: “Mainstreaming Life Settlements from Consumers to Investors.”
This year was LISA’s most well-attended conference since 2009, and the theme may be the cause of that as all involved in the industry struggle with its perception by both regulators and the general public.
LISA announced the establishment of the Life Insurance Settlement Center for Education which will offer CE and CLE accredited courses for financial advisors that work with seniors; attorneys; insurance producers and settlement brokers as well as general education and outreach to seniors about life settlements.
Both investors and potential investors were informed of the evolving dynamic between brokers, providers and investors involved in the life settlement asset class.
Investors also played the role of educators, with many sitting on panels where they discussed both domestic and foreign opportunities for growth.
In what has always been a thorny issue for the industry with lobbyists both for and against the industry pushing their agenda, Georgia Insurance Commissioner Ralph Hudgens was featured on a panel where he discussed recent and upcoming regulatory developments impacting life settlements. Hudgens reported that the industry has high rates of compliance and consumer protection by licensed life settlement companies.