Print Page
2024 LISA Member’s Annual Market Data Released
Monday, May 12, 2025
by:
Section: Annual Market Data
Print Send
Share



Washington, DC -- May 12, 2025 -- The life settlement market continues to provide a significant benefit to American Seniors who sell their life insurance policy in the secondary market, according to the Life Insurance Settlement Association’s (LISA) 2024 Market Data Collection Survey.

 

The survey, now in its fourth year, anonymously aggregates year-end data from LISA's licensed life settlement provider members, who are estimated by LISA to have executed over 90% of all transactions in the life settlement secondary market in 2024. The headline is that the average multiple delivered to American Seniors who sold their policy in the secondary market last year was more than six and a half times the cash surrender value.

 

“LISA’s latest Market Data Collection Survey once again illustrates the value that our industry brings to the American Senior,” said Neal Jacobs, Senior Managing Director, Capital Markets, Coventry, and current LISA Board Chair.

 

“A more than six and a half times multiple is higher than either 2023 or 2022, reflecting a strong demand from institutional investors for this asset which in largely uncorrelated to other asset classes. The impact of our market on the personal finances of policyholders and their families is significant and sometimes life changing.”

 

In 2024, the aggregate value of all 2,699 transactions completed by LISA licensed life settlement provider members was $601M, some $511M more than would have been the case had those policies been lapsed or surrendered.

Highlights From the 2024 Data:

 

  • Life settlement consumers received over $600 Million from licensed LISA member providers for the sale of their unwanted life insurance policies, marking an increase in payments from 2023 or 2022.  

 

  • Life settlement payments averaged over 6.5 times more than CSV, which translated into almost an additional $223,000 in American seniors’ pockets.

 

  • Life settlement consumers received $511 Million more from the life settlement option VS. lapsing or surrendering their life insurance coverage.

 

  • Licensed LISA member providers completed a total of 2,699 life settlement transactions in 2024. This figure represents just a tiny fraction of the over 11 million policies, valued at over $754 Billion that life insurance consumers surrender or let lapse annually.

 

  • LISA member providers purchased a total face value of $3.4 Billion in 2024.

Industry Highlights Since 2021:

 

  • $16 Billion in net death benefits (NDB) closed by LISA life settlement providers.

 

  • Almost $3 Billion paid to consumers.

 

  • Consumers received over $2.5 Billion more than what they would have received from carriers if policies were lapsed or surrendered.

“One of LISA’s core missions is to educate American Seniors about the potential benefits of selling their life insurance policy in the life settlement secondary market,” said Bryan Nicholson, Executive Director at LISA.

 

“And the data shows that life settlements have a compelling case for inclusion in a holistic retirement planning strategy. Year after year, hundreds of millions of additional dollars over and above the cash surrender value are paid to American Seniors thanks to our industry. LISA looks forward to being a continued and consistent advocate for our market, not only on behalf of our members, but the industry more broadly,” Nicholson said.

LISA’s Annual Market Data Collection Survey poses four questions of its licensed provider members:

 

  1. What was your company's total number of completed life settlement transactions in 2024?
  2. What was the Sum of Net Death Benefits resulting from all completed transactions in 2024?
  3. What was the Sum of Cash Surrender Values resulting from all completed transactions in 2024?
  4. What was the Net Amount paid to consumers for all completed transactions in 2024?

If you have any questions about the data findings, survey process, or would like to participate in this effort in the future, please contact Bryan Nicholson.