The term ‘life settlement’ has two meanings: one related to an asset class, and one related to a transaction. The life settlement market involves a longevity-linked alternative asset class with both equity and fixed income like characteristics. Institutional investors accumulate...
ELSA’s Code of Practice (the “Code”) was introduced to establish common standards of best practice within the life settlement industry and protect the interests of investors in the asset class. ELSA members certify their compliance with the Code when they...
The life settlement market provides flexibility and potentially added value for insureds by providing policyholders with an alternative to lapsing or surrendering their life insurance policy to the carrier. Specifically, it offers policyholders the opportunity to sell their policies for...
The size of the life settlement market can be observed in three different ways: the total face value/ number of life insurance policies transacted in the industry’s secondary market each year; the total face value/ number of life insurance policies...
The US life settlement industry’s secondary market operates within a regulatory framework that exists primarily at the state level. It consists of specific guidelines and requirements set forth by each states insurance regulator. These regulations provide oversight to standardise life...