Business News • MarketWire • International Life Settlement Trade Mission Concludes With an Eye on Future Growth |
International Life Settlement Trade Mission Concludes With an Eye on Future Growth |
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International Life Settlement Trade Mission Concludes With an Eye on Future Growth
ORLANDO, FL--(Marketwire - March 2, 2010) - On February 26th, the 2010 Life Settlement Trade Mission concluded its successful four-day cross-country tour with an eye on a future ripe for considerable growth. Two of the industry's leading trade associations, the Life Insurance Settlement Association (LISA) and the European Life Settlement Association (ELSA) wrapped up a first-ever effort to unify international interest in this secondary market. Opening in London, with stops in Luxembourg and Zurich, the initiative is drawing high praise for the quality of discourse and presentation throughout its four days. The event showcased institutional interest in the secondary market for life insurance, a multi-billion dollar industry driven by the sale of existing life insurance policies. LISA defines this transaction thus: A Life Settlement is the sale of an existing life insurance policy to a third party for more than its cash surrender value but less tha
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