2018


152934-LISA-Fall-Conf-V3

24th Annual Fall Life Settlement Conference

   

Conference Agenda & Bios: Click Here
Attendees Conference Presentation Materials :
https://event.crowdcompass.com/lisa24thfall
Use the Mobile APP Password to get access to presentations and handouts. 
They are also available on the event mobile app.
Questions? Contact wcosta@lisa.org

(Please note that presentations were not recorded)


151799-LISA-Annual-Spring-Conf18-Web2

24th Annual Life Settlement Conference

May 6-8, 2018

Conference Agenda & Bios: Click here
Attendees Conference Presentation Materials :
https://event.crowdcompass.com/24thspring
Use the Mobile APP Password to get access to presentations and handouts. 
They are also available on the event mobile app.
Questions? Contact wcosta@lisa.org

(Please note that presentations were not recorded)


Conference News

Tens of thousands of American seniors, already struggling on fixed incomes that have been stagnant for years, are at risk to increases in their annual life insurance premiums they cannot afford to pay, according to a number of speakers this week at the Life Insurance Settlement Association’s (LISA) 21st Annual Fall Life Settlement & Compliance Conference.

Life Insurance Settlement Association via GLOBE NEWSWIRE, 21 October 2015

Tens of thousands of American seniors, already struggling on fixed incomes that have been stagnant for years, are at risk to increases in their annual life insurance premiums they cannot afford to pay, according to a number of speakers this week at the Life Insurance Settlement Association’s (LISA) 21st Annual Fall Life Settlement & Compliance Conference.

The conference was opened with remarks from Cyndi Poveda, chair of LISA and chief executive officer of Life Equity LLC, who identified the “Cost-of-Insurance” issue as a key development in the life insurance industry that could potentially harm American consumers.

“Over the course of the past few months, thousands of policy owners have begun receiving letters from their life insurance carriers, informing them that due to a shortfall in corporate earnings, the companies will be increasing the ‘cost-of-insurance’ built into certain life insurance policies,” said Darwin Bayston, president and chief executive officer of LISA. “This is an especially disturbing surprise for seniors, many of whom trusted their insurance companies to stand by the annual premiums they were quoted at the time they agreed to purchase the policies.”

Earlier this month, The Life Settlements Report reported that five life insurance carriers have raised rates for this year, some by as much as 200 percent.

“What’s especially troubling is that the most recent of these notifications sent out by a life insurance carrier acknowledges that the cost-of-insurance increases are targeting policies owned by seniors over the age of 70,” said Steve Boger, managing director of Maple Life Analytics, LLC, one of the speakers at the LISA conference.

“Insurance companies have been notifying these policy holders that they have three options,” said Michael Brohawn, managing director of ITM TwentyFirst, another one of the conference speakers. “They can pay higher premiums in order to keep their existing death benefit, they can maintain the same premiums but sacrifice some of their death benefit on the policy, or they can surrender the policy back to the insurance company for its nominal cash value. This is obviously a really bad situation for the consumer.”

Other speakers noted that the life settlement option – the sale of a person’s life insurance policy to a third-party investor – is noticeably absent from the options presented to seniors. In a life settlement, the policy’s owner transfers the ownership of that policy in exchange for an immediate cash payment from the buyer. Candidates for life settlements are typically aged 65 or older, with a life insurance policy that has a death benefit of more than $100,000.

“Consumers need to understand they own their life insurance policy, which means they can keep it, sell it or surrender it,” said Jeffrey McGregor, a veteran of the life insurance industry and noted author, who delivered the opening keynote address at the conference. “They are entitled to know that they have options available to them if they decide they no longer want – or can no longer afford – their policies. One of those options is a life settlement.”

The LISA event, held October 18-20, 2015, at the Sandpearl Resort in Clearwater Beach, Fla., featured presentations from a number of other leading experts, including:

•  Jeff Serra, the founder and chief executive officer of institutional investor Vida Capital, Inc., was interviewed by Poveda to provide an institutional investor’s unique perspective of the life settlement industry;
•  Joseph Rotunda, director of the Enforcement Division of the Texas State Securities Board, addressed regulatory issues related to fractionalized investments in life settlements;
•  Crystal Washington, a marketing expert and host of a weekly television segment, provided a range of tips and best practices regarding how to create an effective social media strategy; and
•  Pamela Bancsi, director of Insurance Services for ValMark Securities Inc., a broker-dealer with 443 registered representatives nationwide, participated in a panel discussion focused on how to improve the life settlement transaction process.

About the Life Insurance Settlement Association

The Life Insurance Settlement Association (LISA) is the nation’s oldest and largest organization representing participants in the life settlement Industry, with a current membership of more than 90 companies doing business in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. The mission of LISA is to promote the development, integrity and reputation of the life settlement industry, to advance the highest standards of practice and professional development for the industry, and to educate consumers and advisors about a life settlement as an alternative to lapse or surrender of a life insurance policy. For more information, visit www.lisa.org.

Media Contact:
Daryn Teague
805.358.3058
dteague@teaguecommunications.com

All news

II8 Bannerupdate

8th Annual Life Settlement Institutional Investor Conference

FEB 26, 2018

Conference Agenda & Bios: Click here
Attendees Conference Presentation Materials : For password and log-in instructions contact wcosta@lisa.org

Missed the 8th Annual Life Settlement Institutional Investor Conference? No Problem! 
Purchase the Presentations On Demand!
(Please note that some presentations may not be included in the recordings)

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Conference News

Tens of thousands of American seniors, already struggling on fixed incomes that have been stagnant for years, are at risk to increases in their annual life insurance premiums they cannot afford to pay, according to a number of speakers this week at the Life Insurance Settlement Association’s (LISA) 21st Annual Fall Life Settlement & Compliance Conference.

Life Insurance Settlement Association via GLOBE NEWSWIRE, 21 October 2015

Tens of thousands of American seniors, already struggling on fixed incomes that have been stagnant for years, are at risk to increases in their annual life insurance premiums they cannot afford to pay, according to a number of speakers this week at the Life Insurance Settlement Association’s (LISA) 21st Annual Fall Life Settlement & Compliance Conference.

The conference was opened with remarks from Cyndi Poveda, chair of LISA and chief executive officer of Life Equity LLC, who identified the “Cost-of-Insurance” issue as a key development in the life insurance industry that could potentially harm American consumers.

“Over the course of the past few months, thousands of policy owners have begun receiving letters from their life insurance carriers, informing them that due to a shortfall in corporate earnings, the companies will be increasing the ‘cost-of-insurance’ built into certain life insurance policies,” said Darwin Bayston, president and chief executive officer of LISA. “This is an especially disturbing surprise for seniors, many of whom trusted their insurance companies to stand by the annual premiums they were quoted at the time they agreed to purchase the policies.”

Earlier this month, The Life Settlements Report reported that five life insurance carriers have raised rates for this year, some by as much as 200 percent.

“What’s especially troubling is that the most recent of these notifications sent out by a life insurance carrier acknowledges that the cost-of-insurance increases are targeting policies owned by seniors over the age of 70,” said Steve Boger, managing director of Maple Life Analytics, LLC, one of the speakers at the LISA conference.

“Insurance companies have been notifying these policy holders that they have three options,” said Michael Brohawn, managing director of ITM TwentyFirst, another one of the conference speakers. “They can pay higher premiums in order to keep their existing death benefit, they can maintain the same premiums but sacrifice some of their death benefit on the policy, or they can surrender the policy back to the insurance company for its nominal cash value. This is obviously a really bad situation for the consumer.”

Other speakers noted that the life settlement option – the sale of a person’s life insurance policy to a third-party investor – is noticeably absent from the options presented to seniors. In a life settlement, the policy’s owner transfers the ownership of that policy in exchange for an immediate cash payment from the buyer. Candidates for life settlements are typically aged 65 or older, with a life insurance policy that has a death benefit of more than $100,000.

“Consumers need to understand they own their life insurance policy, which means they can keep it, sell it or surrender it,” said Jeffrey McGregor, a veteran of the life insurance industry and noted author, who delivered the opening keynote address at the conference. “They are entitled to know that they have options available to them if they decide they no longer want – or can no longer afford – their policies. One of those options is a life settlement.”

The LISA event, held October 18-20, 2015, at the Sandpearl Resort in Clearwater Beach, Fla., featured presentations from a number of other leading experts, including:

•  Jeff Serra, the founder and chief executive officer of institutional investor Vida Capital, Inc., was interviewed by Poveda to provide an institutional investor’s unique perspective of the life settlement industry;
•  Joseph Rotunda, director of the Enforcement Division of the Texas State Securities Board, addressed regulatory issues related to fractionalized investments in life settlements;
•  Crystal Washington, a marketing expert and host of a weekly television segment, provided a range of tips and best practices regarding how to create an effective social media strategy; and
•  Pamela Bancsi, director of Insurance Services for ValMark Securities Inc., a broker-dealer with 443 registered representatives nationwide, participated in a panel discussion focused on how to improve the life settlement transaction process.

About the Life Insurance Settlement Association

The Life Insurance Settlement Association (LISA) is the nation’s oldest and largest organization representing participants in the life settlement Industry, with a current membership of more than 90 companies doing business in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. The mission of LISA is to promote the development, integrity and reputation of the life settlement industry, to advance the highest standards of practice and professional development for the industry, and to educate consumers and advisors about a life settlement as an alternative to lapse or surrender of a life insurance policy. For more information, visit www.lisa.org.

Media Contact:
Daryn Teague
805.358.3058
dteague@teaguecommunications.com

All news

2017


139682-D LISA Annual FALL Conf 926x200[20]

23rd Annual Fall Life Settlement Conference

OCT 16-17, 2017

Conference Agenda & Bios: Click here
Attendees Conference Presentation Materials : For password and log-in instructions contact wcosta@lisa.org

Missed the 23rd Annual Fall Life Settlement Conference? No Problem! 
Purchase the Presentations On Demand!

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137350-D 23rd LISA Annual 926x200 01b[14]

23rd Annual Spring Life Settlement Conference

MAY 14-16, 2017

Conference Agenda & Bios: Click here
Attendees Conference Presentation Materials : For password and log-in instructions contact sfleshman@lisa.org

Missed the 23nd Annual Spring Life Settlement Conference? No Problem! 
Purchase the Presentations On Demand!

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Conference News

Tens of thousands of American seniors, already struggling on fixed incomes that have been stagnant for years, are at risk to increases in their annual life insurance premiums they cannot afford to pay, according to a number of speakers this week at the Life Insurance Settlement Association’s (LISA) 21st Annual Fall Life Settlement & Compliance Conference.

Life Insurance Settlement Association via GLOBE NEWSWIRE, 21 October 2015

Tens of thousands of American seniors, already struggling on fixed incomes that have been stagnant for years, are at risk to increases in their annual life insurance premiums they cannot afford to pay, according to a number of speakers this week at the Life Insurance Settlement Association’s (LISA) 21st Annual Fall Life Settlement & Compliance Conference.

The conference was opened with remarks from Cyndi Poveda, chair of LISA and chief executive officer of Life Equity LLC, who identified the “Cost-of-Insurance” issue as a key development in the life insurance industry that could potentially harm American consumers.

“Over the course of the past few months, thousands of policy owners have begun receiving letters from their life insurance carriers, informing them that due to a shortfall in corporate earnings, the companies will be increasing the ‘cost-of-insurance’ built into certain life insurance policies,” said Darwin Bayston, president and chief executive officer of LISA. “This is an especially disturbing surprise for seniors, many of whom trusted their insurance companies to stand by the annual premiums they were quoted at the time they agreed to purchase the policies.”

Earlier this month, The Life Settlements Report reported that five life insurance carriers have raised rates for this year, some by as much as 200 percent.

“What’s especially troubling is that the most recent of these notifications sent out by a life insurance carrier acknowledges that the cost-of-insurance increases are targeting policies owned by seniors over the age of 70,” said Steve Boger, managing director of Maple Life Analytics, LLC, one of the speakers at the LISA conference.

“Insurance companies have been notifying these policy holders that they have three options,” said Michael Brohawn, managing director of ITM TwentyFirst, another one of the conference speakers. “They can pay higher premiums in order to keep their existing death benefit, they can maintain the same premiums but sacrifice some of their death benefit on the policy, or they can surrender the policy back to the insurance company for its nominal cash value. This is obviously a really bad situation for the consumer.”

Other speakers noted that the life settlement option – the sale of a person’s life insurance policy to a third-party investor – is noticeably absent from the options presented to seniors. In a life settlement, the policy’s owner transfers the ownership of that policy in exchange for an immediate cash payment from the buyer. Candidates for life settlements are typically aged 65 or older, with a life insurance policy that has a death benefit of more than $100,000.

“Consumers need to understand they own their life insurance policy, which means they can keep it, sell it or surrender it,” said Jeffrey McGregor, a veteran of the life insurance industry and noted author, who delivered the opening keynote address at the conference. “They are entitled to know that they have options available to them if they decide they no longer want – or can no longer afford – their policies. One of those options is a life settlement.”

The LISA event, held October 18-20, 2015, at the Sandpearl Resort in Clearwater Beach, Fla., featured presentations from a number of other leading experts, including:

•  Jeff Serra, the founder and chief executive officer of institutional investor Vida Capital, Inc., was interviewed by Poveda to provide an institutional investor’s unique perspective of the life settlement industry;
•  Joseph Rotunda, director of the Enforcement Division of the Texas State Securities Board, addressed regulatory issues related to fractionalized investments in life settlements;
•  Crystal Washington, a marketing expert and host of a weekly television segment, provided a range of tips and best practices regarding how to create an effective social media strategy; and
•  Pamela Bancsi, director of Insurance Services for ValMark Securities Inc., a broker-dealer with 443 registered representatives nationwide, participated in a panel discussion focused on how to improve the life settlement transaction process.

About the Life Insurance Settlement Association

The Life Insurance Settlement Association (LISA) is the nation’s oldest and largest organization representing participants in the life settlement Industry, with a current membership of more than 90 companies doing business in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. The mission of LISA is to promote the development, integrity and reputation of the life settlement industry, to advance the highest standards of practice and professional development for the industry, and to educate consumers and advisors about a life settlement as an alternative to lapse or surrender of a life insurance policy. For more information, visit www.lisa.org.

Media Contact:
Daryn Teague
805.358.3058
dteague@teaguecommunications.com

All news

New-York-City-II7-926x200-Banner

7th Annual Institutional Investor Life Settlement Conference

Jan 29-30, 2017

Conference Agenda & Bios: Click here
Attendees Conference Presentation Materials : For password and log-in instructions contact sfleshman@lisa.org

Missed the 23 Annual Fall Life Settlement Conference? No Problem! 
Purchase the Presentations On Demand!

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2016


Fall Conference Banner_Main

22nd Annual Fall Life Settlement Conference

MAY 16-18, 2016

Conference Agenda & Bios: Click here
Attendees Conference Presentation Materials : For password and log-in instructions contact sfleshman@lisa.org

Missed the 23 Annual Fall Life Settlement Conference? No Problem! 
Purchase the Presentations On Demand!

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130993-D LISA Spring 2016 Web Banner P2

22nd Annual Spring Life Settlement Conference

MAY 15-17,2016

Conference Agenda & Bios: Click here
Attendees Conference Presentation Materials : For password and log-in instructions contact sfleshman@lisa.org

Missed the 22nd Annual Spring Life Settlement Conference? No Problem! 
Purchase the Presentations On Demand!

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Conference News
Tens of thousands of American seniors, already struggling on fixed incomes that have been stagnant for years, are at risk to increases in their annual life insurance premiums they cannot afford to pay, according to a number of speakers this week at the Life Insurance Settlement Association’s (LISA) 21st Annual Fall Life Settlement & Compliance Conference.

Life Insurance Settlement Association via GLOBE NEWSWIRE, 21 October 2015

Tens of thousands of American seniors, already struggling on fixed incomes that have been stagnant for years, are at risk to increases in their annual life insurance premiums they cannot afford to pay, according to a number of speakers this week at the Life Insurance Settlement Association’s (LISA) 21st Annual Fall Life Settlement & Compliance Conference.

The conference was opened with remarks from Cyndi Poveda, chair of LISA and chief executive officer of Life Equity LLC, who identified the “Cost-of-Insurance” issue as a key development in the life insurance industry that could potentially harm American consumers.

“Over the course of the past few months, thousands of policy owners have begun receiving letters from their life insurance carriers, informing them that due to a shortfall in corporate earnings, the companies will be increasing the ‘cost-of-insurance’ built into certain life insurance policies,” said Darwin Bayston, president and chief executive officer of LISA. “This is an especially disturbing surprise for seniors, many of whom trusted their insurance companies to stand by the annual premiums they were quoted at the time they agreed to purchase the policies.”

Earlier this month, The Life Settlements Report reported that five life insurance carriers have raised rates for this year, some by as much as 200 percent.

“What’s especially troubling is that the most recent of these notifications sent out by a life insurance carrier acknowledges that the cost-of-insurance increases are targeting policies owned by seniors over the age of 70,” said Steve Boger, managing director of Maple Life Analytics, LLC, one of the speakers at the LISA conference.

“Insurance companies have been notifying these policy holders that they have three options,” said Michael Brohawn, managing director of ITM TwentyFirst, another one of the conference speakers. “They can pay higher premiums in order to keep their existing death benefit, they can maintain the same premiums but sacrifice some of their death benefit on the policy, or they can surrender the policy back to the insurance company for its nominal cash value. This is obviously a really bad situation for the consumer.”

Other speakers noted that the life settlement option – the sale of a person’s life insurance policy to a third-party investor – is noticeably absent from the options presented to seniors. In a life settlement, the policy’s owner transfers the ownership of that policy in exchange for an immediate cash payment from the buyer. Candidates for life settlements are typically aged 65 or older, with a life insurance policy that has a death benefit of more than $100,000.

“Consumers need to understand they own their life insurance policy, which means they can keep it, sell it or surrender it,” said Jeffrey McGregor, a veteran of the life insurance industry and noted author, who delivered the opening keynote address at the conference. “They are entitled to know that they have options available to them if they decide they no longer want – or can no longer afford – their policies. One of those options is a life settlement.”

The LISA event, held October 18-20, 2015, at the Sandpearl Resort in Clearwater Beach, Fla., featured presentations from a number of other leading experts, including:

•  Jeff Serra, the founder and chief executive officer of institutional investor Vida Capital, Inc., was interviewed by Poveda to provide an institutional investor’s unique perspective of the life settlement industry;
•  Joseph Rotunda, director of the Enforcement Division of the Texas State Securities Board, addressed regulatory issues related to fractionalized investments in life settlements;
•  Crystal Washington, a marketing expert and host of a weekly television segment, provided a range of tips and best practices regarding how to create an effective social media strategy; and
•  Pamela Bancsi, director of Insurance Services for ValMark Securities Inc., a broker-dealer with 443 registered representatives nationwide, participated in a panel discussion focused on how to improve the life settlement transaction process.

About the Life Insurance Settlement Association

The Life Insurance Settlement Association (LISA) is the nation’s oldest and largest organization representing participants in the life settlement Industry, with a current membership of more than 90 companies doing business in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. The mission of LISA is to promote the development, integrity and reputation of the life settlement industry, to advance the highest standards of practice and professional development for the industry, and to educate consumers and advisors about a life settlement as an alternative to lapse or surrender of a life insurance policy. For more information, visit www.lisa.org.

Media Contact:
Daryn Teague
805.358.3058
dteague@teaguecommunications.com

All news

6th Annual Institutional Investor Life Settlement Conference
Feb 22, 2016

Conference Agenda & Bios: Click here
Conference Presentation Materials: For password and log-in instructions contact sfleshman@lisa.org

Conference News
Tens of thousands of American seniors, already struggling on fixed incomes that have been stagnant for years, are at risk to increases in their annual life insurance premiums they cannot afford to pay, according to a number of speakers this week at the Life Insurance Settlement Association’s (LISA) 21st Annual Fall Life Settlement & Compliance Conference.

Life Insurance Settlement Association via GLOBE NEWSWIRE, 21 October 2015

Tens of thousands of American seniors, already struggling on fixed incomes that have been stagnant for years, are at risk to increases in their annual life insurance premiums they cannot afford to pay, according to a number of speakers this week at the Life Insurance Settlement Association’s (LISA) 21st Annual Fall Life Settlement & Compliance Conference.

The conference was opened with remarks from Cyndi Poveda, chair of LISA and chief executive officer of Life Equity LLC, who identified the “Cost-of-Insurance” issue as a key development in the life insurance industry that could potentially harm American consumers.

“Over the course of the past few months, thousands of policy owners have begun receiving letters from their life insurance carriers, informing them that due to a shortfall in corporate earnings, the companies will be increasing the ‘cost-of-insurance’ built into certain life insurance policies,” said Darwin Bayston, president and chief executive officer of LISA. “This is an especially disturbing surprise for seniors, many of whom trusted their insurance companies to stand by the annual premiums they were quoted at the time they agreed to purchase the policies.”

Earlier this month, The Life Settlements Report reported that five life insurance carriers have raised rates for this year, some by as much as 200 percent.

“What’s especially troubling is that the most recent of these notifications sent out by a life insurance carrier acknowledges that the cost-of-insurance increases are targeting policies owned by seniors over the age of 70,” said Steve Boger, managing director of Maple Life Analytics, LLC, one of the speakers at the LISA conference.

“Insurance companies have been notifying these policy holders that they have three options,” said Michael Brohawn, managing director of ITM TwentyFirst, another one of the conference speakers. “They can pay higher premiums in order to keep their existing death benefit, they can maintain the same premiums but sacrifice some of their death benefit on the policy, or they can surrender the policy back to the insurance company for its nominal cash value. This is obviously a really bad situation for the consumer.”

Other speakers noted that the life settlement option – the sale of a person’s life insurance policy to a third-party investor – is noticeably absent from the options presented to seniors. In a life settlement, the policy’s owner transfers the ownership of that policy in exchange for an immediate cash payment from the buyer. Candidates for life settlements are typically aged 65 or older, with a life insurance policy that has a death benefit of more than $100,000.

“Consumers need to understand they own their life insurance policy, which means they can keep it, sell it or surrender it,” said Jeffrey McGregor, a veteran of the life insurance industry and noted author, who delivered the opening keynote address at the conference. “They are entitled to know that they have options available to them if they decide they no longer want – or can no longer afford – their policies. One of those options is a life settlement.”

The LISA event, held October 18-20, 2015, at the Sandpearl Resort in Clearwater Beach, Fla., featured presentations from a number of other leading experts, including:

•  Jeff Serra, the founder and chief executive officer of institutional investor Vida Capital, Inc., was interviewed by Poveda to provide an institutional investor’s unique perspective of the life settlement industry;
•  Joseph Rotunda, director of the Enforcement Division of the Texas State Securities Board, addressed regulatory issues related to fractionalized investments in life settlements;
•  Crystal Washington, a marketing expert and host of a weekly television segment, provided a range of tips and best practices regarding how to create an effective social media strategy; and
•  Pamela Bancsi, director of Insurance Services for ValMark Securities Inc., a broker-dealer with 443 registered representatives nationwide, participated in a panel discussion focused on how to improve the life settlement transaction process.

About the Life Insurance Settlement Association

The Life Insurance Settlement Association (LISA) is the nation’s oldest and largest organization representing participants in the life settlement Industry, with a current membership of more than 90 companies doing business in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. The mission of LISA is to promote the development, integrity and reputation of the life settlement industry, to advance the highest standards of practice and professional development for the industry, and to educate consumers and advisors about a life settlement as an alternative to lapse or surrender of a life insurance policy. For more information, visit www.lisa.org.

Media Contact:
Daryn Teague
805.358.3058
dteague@teaguecommunications.com

All news

2015


21st Annual Fall Life Settlement & Compliance Conference
Oct 19-20, 2015

Conference Agenda & Bios: Click here
Conference Presentation Materials (Password Required): Click here

Conference News
Tens of thousands of American seniors, already struggling on fixed incomes that have been stagnant for years, are at risk to increases in their annual life insurance premiums they cannot afford to pay, according to a number of speakers this week at the Life Insurance Settlement Association’s (LISA) 21st Annual Fall Life Settlement & Compliance Conference.

Life Insurance Settlement Association via GLOBE NEWSWIRE, 21 October 2015

Tens of thousands of American seniors, already struggling on fixed incomes that have been stagnant for years, are at risk to increases in their annual life insurance premiums they cannot afford to pay, according to a number of speakers this week at the Life Insurance Settlement Association’s (LISA) 21st Annual Fall Life Settlement & Compliance Conference.

The conference was opened with remarks from Cyndi Poveda, chair of LISA and chief executive officer of Life Equity LLC, who identified the “Cost-of-Insurance” issue as a key development in the life insurance industry that could potentially harm American consumers.

“Over the course of the past few months, thousands of policy owners have begun receiving letters from their life insurance carriers, informing them that due to a shortfall in corporate earnings, the companies will be increasing the ‘cost-of-insurance’ built into certain life insurance policies,” said Darwin Bayston, president and chief executive officer of LISA. “This is an especially disturbing surprise for seniors, many of whom trusted their insurance companies to stand by the annual premiums they were quoted at the time they agreed to purchase the policies.”

Earlier this month, The Life Settlements Report reported that five life insurance carriers have raised rates for this year, some by as much as 200 percent.

“What’s especially troubling is that the most recent of these notifications sent out by a life insurance carrier acknowledges that the cost-of-insurance increases are targeting policies owned by seniors over the age of 70,” said Steve Boger, managing director of Maple Life Analytics, LLC, one of the speakers at the LISA conference.

“Insurance companies have been notifying these policy holders that they have three options,” said Michael Brohawn, managing director of ITM TwentyFirst, another one of the conference speakers. “They can pay higher premiums in order to keep their existing death benefit, they can maintain the same premiums but sacrifice some of their death benefit on the policy, or they can surrender the policy back to the insurance company for its nominal cash value. This is obviously a really bad situation for the consumer.”

Other speakers noted that the life settlement option – the sale of a person’s life insurance policy to a third-party investor – is noticeably absent from the options presented to seniors. In a life settlement, the policy’s owner transfers the ownership of that policy in exchange for an immediate cash payment from the buyer. Candidates for life settlements are typically aged 65 or older, with a life insurance policy that has a death benefit of more than $100,000.

“Consumers need to understand they own their life insurance policy, which means they can keep it, sell it or surrender it,” said Jeffrey McGregor, a veteran of the life insurance industry and noted author, who delivered the opening keynote address at the conference. “They are entitled to know that they have options available to them if they decide they no longer want – or can no longer afford – their policies. One of those options is a life settlement.”

The LISA event, held October 18-20, 2015, at the Sandpearl Resort in Clearwater Beach, Fla., featured presentations from a number of other leading experts, including:

•  Jeff Serra, the founder and chief executive officer of institutional investor Vida Capital, Inc., was interviewed by Poveda to provide an institutional investor’s unique perspective of the life settlement industry;
•  Joseph Rotunda, director of the Enforcement Division of the Texas State Securities Board, addressed regulatory issues related to fractionalized investments in life settlements;
•  Crystal Washington, a marketing expert and host of a weekly television segment, provided a range of tips and best practices regarding how to create an effective social media strategy; and
•  Pamela Bancsi, director of Insurance Services for ValMark Securities Inc., a broker-dealer with 443 registered representatives nationwide, participated in a panel discussion focused on how to improve the life settlement transaction process.

About the Life Insurance Settlement Association

The Life Insurance Settlement Association (LISA) is the nation’s oldest and largest organization representing participants in the life settlement Industry, with a current membership of more than 90 companies doing business in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. The mission of LISA is to promote the development, integrity and reputation of the life settlement industry, to advance the highest standards of practice and professional development for the industry, and to educate consumers and advisors about a life settlement as an alternative to lapse or surrender of a life insurance policy. For more information, visit www.lisa.org.

Media Contact:
Daryn Teague
805.358.3058
dteague@teaguecommunications.com

All news

21st Annual Spring Life Settlement Conference
May 4-5, 2015

Conference Agenda & Bios: Click here
Conference Presentation Materials (Password Required): Click here

Conference News
Tens of thousands of American seniors, already struggling on fixed incomes that have been stagnant for years, are at risk to increases in their annual life insurance premiums they cannot afford to pay, according to a number of speakers this week at the Life Insurance Settlement Association’s (LISA) 21st Annual Fall Life Settlement & Compliance Conference.

Life Insurance Settlement Association via GLOBE NEWSWIRE, 21 October 2015

Tens of thousands of American seniors, already struggling on fixed incomes that have been stagnant for years, are at risk to increases in their annual life insurance premiums they cannot afford to pay, according to a number of speakers this week at the Life Insurance Settlement Association’s (LISA) 21st Annual Fall Life Settlement & Compliance Conference.

The conference was opened with remarks from Cyndi Poveda, chair of LISA and chief executive officer of Life Equity LLC, who identified the “Cost-of-Insurance” issue as a key development in the life insurance industry that could potentially harm American consumers.

“Over the course of the past few months, thousands of policy owners have begun receiving letters from their life insurance carriers, informing them that due to a shortfall in corporate earnings, the companies will be increasing the ‘cost-of-insurance’ built into certain life insurance policies,” said Darwin Bayston, president and chief executive officer of LISA. “This is an especially disturbing surprise for seniors, many of whom trusted their insurance companies to stand by the annual premiums they were quoted at the time they agreed to purchase the policies.”

Earlier this month, The Life Settlements Report reported that five life insurance carriers have raised rates for this year, some by as much as 200 percent.

“What’s especially troubling is that the most recent of these notifications sent out by a life insurance carrier acknowledges that the cost-of-insurance increases are targeting policies owned by seniors over the age of 70,” said Steve Boger, managing director of Maple Life Analytics, LLC, one of the speakers at the LISA conference.

“Insurance companies have been notifying these policy holders that they have three options,” said Michael Brohawn, managing director of ITM TwentyFirst, another one of the conference speakers. “They can pay higher premiums in order to keep their existing death benefit, they can maintain the same premiums but sacrifice some of their death benefit on the policy, or they can surrender the policy back to the insurance company for its nominal cash value. This is obviously a really bad situation for the consumer.”

Other speakers noted that the life settlement option – the sale of a person’s life insurance policy to a third-party investor – is noticeably absent from the options presented to seniors. In a life settlement, the policy’s owner transfers the ownership of that policy in exchange for an immediate cash payment from the buyer. Candidates for life settlements are typically aged 65 or older, with a life insurance policy that has a death benefit of more than $100,000.

“Consumers need to understand they own their life insurance policy, which means they can keep it, sell it or surrender it,” said Jeffrey McGregor, a veteran of the life insurance industry and noted author, who delivered the opening keynote address at the conference. “They are entitled to know that they have options available to them if they decide they no longer want – or can no longer afford – their policies. One of those options is a life settlement.”

The LISA event, held October 18-20, 2015, at the Sandpearl Resort in Clearwater Beach, Fla., featured presentations from a number of other leading experts, including:

•  Jeff Serra, the founder and chief executive officer of institutional investor Vida Capital, Inc., was interviewed by Poveda to provide an institutional investor’s unique perspective of the life settlement industry;
•  Joseph Rotunda, director of the Enforcement Division of the Texas State Securities Board, addressed regulatory issues related to fractionalized investments in life settlements;
•  Crystal Washington, a marketing expert and host of a weekly television segment, provided a range of tips and best practices regarding how to create an effective social media strategy; and
•  Pamela Bancsi, director of Insurance Services for ValMark Securities Inc., a broker-dealer with 443 registered representatives nationwide, participated in a panel discussion focused on how to improve the life settlement transaction process.

About the Life Insurance Settlement Association

The Life Insurance Settlement Association (LISA) is the nation’s oldest and largest organization representing participants in the life settlement Industry, with a current membership of more than 90 companies doing business in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. The mission of LISA is to promote the development, integrity and reputation of the life settlement industry, to advance the highest standards of practice and professional development for the industry, and to educate consumers and advisors about a life settlement as an alternative to lapse or surrender of a life insurance policy. For more information, visit www.lisa.org.

Media Contact:
Daryn Teague
805.358.3058
dteague@teaguecommunications.com

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5th Annual Institutional Investor Life Settlement Conference
February 23, 2015 - New York City 


Conference Agenda & Bios: Click here
Conference Presentation Materials (Password Required): Click here
Untitled Document

 

2014


   

Oct 5-7

20th Annual Fall Life Settlement Conference
Scottsdale, AZ

Conference Presentation Materials:
Click here

Conference Agenda & Bios:
Click here


   
 
   

April 30 - May 2
20th Annual Spring Life Settlement Conference
Washington, DC

Conference Presentation Materials: Click here

Conference Agenda & Bios: Click here


   
 
   
February 24

4th Annual Institutional Investor Life Settlement Conference
New York, NY
   
 
   

2013

     
Oct 9-11

19th Annual Fall Life Settlement and Compliance Conference
Orlando, FL
   
 
   
May 29-31

19th Annual Spring Life Settlement Conference
Las Vegas, NV
   
 
   
March 11

3rd Annual Institutional Investor Life Settlement Conference
New York, NY
   

2012

     
Nov 7-9

18th Annual Fall Life Settlement Conference
Orlando, FL
   
 
   
May 21-23

18th Annual Spring Life Settlement Conference
Philadelphia, PA
   
 
   
February 22

2nd Annual Institutional Investor Life Settlement Conference
New York, NY
   
 
   

2011

 

 

 
 
   

October 3-5

17th Annual Fall Conference
Atlanta, GA
 
 
   

October 3

2011 Compliance Conference
Atlanta, GA
 
 
   

May 4-6

17th Annual Spring Conference
Washington, DC
 
 
   

March 2

1st Institutional Investor Life Settlement Conference
New York, NY
 
 
   

2010

 

2010

 
November 10-12

16th Annual Fall Conference
Miami Beach, FL
  June 8th, 2010

Privacy, Fraud, Licensing and Other Issues
Slides
Kathleen Birrane - Maple Life Financial & MLF LexServ
Bryan Freeman - Habersham Funding, LLC
David Souders - Todd Associates

August 26-27

Compliance Conference & Legal Roundtable
Atlanta, GA

Purchase the recording!

  May 26th, 2010

Canadian Life Settlement Market
Slides
Danial Kahan - Canadian Life Options
  April 28th-30th

16th Annual Spring Conference
Washington, DC

 


January 14th, 2010
 
Life Settlement Reporting for Providers
Slides
Brian Staples - Right LLC
Jim Maxson - Morris, Manning & Martin
John McCarroll - Q Capital Strategies
  April 28th

IL Insurance Licensing Workshop
Washington, DC
   
January 12th, 2010

Life Settlement Reporting for Brokers
Slides
Brian Staples - Right LLC
Joy Dawe - Crump Life Insurance
  February 23rd-26th

2010 European Trade Mission
London, Luxembourg, Zurich
 
       





2009

 

2009

 

November 8th - 10th

15th Annual Fall Conference
New York, NY


December 9th, 2009

Liability Risk Related to the Use, Storage and Transfer of Private and Confidential Information - RECORDING AND SLIDES NOT AVAILABLE PER SPEAKERS
Brian Casey - Locke Lord Bissell & Liddell
David Souders - Todd Associates, Inc.

November 8th

Life Settlement Investor Workshop
New York, NY

 


September 9th, 2009

Life Settlement Tax Compliance
Daniel Harris - LISA
Steven Huttler - Sadis & Goldberg
Roger Lorence - Sadis & Goldberg
Tucker Shumack - Capital Counsel
Kirk Van Brunt - Locke, Lord, Bissell & Liddell

October 1st - 2nd

Compliance Conference
Orlando, FL


August 13th & 18th, 2009

Life Settlement Regulation: 2 Part Series
Doug Head - LISA
Joy Dawe - Life Settlement Insights
Adam Hicks - Habersham Funding, LLC

August 7th

Broker Summit
Orlando, FL

 
July 28th, 2009

Longevity and Mortality Risk as Part of a Hedge Fund Portfolio
Vishaal Bhuyan - VBBhuyan & Co.

May 6th - 8th

15th Annual Spring Conference
New York, NY

   

May 6th

Life Settlement Investor Workshop
New York, NY

   

2008

 

November 6th - 7th

14th Annual Fall Conference
Washington, DC



October 3rd

Producer Seminar - Chicago
Chicago, IL



October 1st

Producer Seminar - Atlanta
Atlanta, GA



September 25th - 26th

2008 Compliance Conference
Las Vegas, NV



September 4th - 5th

2008 Broker Summit
Orlando, FL



August 26th

Producer Seminar - Seattle
Seattle, WA



August 7th - 8th

2008 Industry Services Forum
Orlando, FL



May 14th - 16th 

14th Annual Spring Conference 
Washington D.C. 



April 4th - 5th

2008 Provider Summit
Orlando, FL



January 14th - 16th

2008 Compliance Conference
Washington, DC







2007

 

November 23rd - 25th

13th Annual Fall Conference
New York, NY