Association Lauds FASB Decision on Valuation of Life Settlement Contracts
The Life Insurance Settlement Association (LISA) today praised the Financial Accounting Standards Board's (FASB) amended position on the valuation of Life Settlement Contracts.
A life settlement contract -- generally referred to more simply as a life settlement -- is the sale to a third party of an existing life insurance policy for more than its cash surrender value but less than its net death benefit. Such transactions are usually undertaken for the purposes of estate or financial planning.
More:
Life Settlement Press Release
Founded in 1995, the Life Insurance Settlement Association is the oldest and largest trade organization in the industry. Its goal is to promote the development, integrity and reputation of the life settlement industry, and to promote a competitive market for the people it serves. LISA now represents 90 members with a wide variety of interests in the industry.
To get a free life settlement quote, please call 1-888-973-8377
A life settlement contract -- generally referred to more simply as a life settlement -- is the sale to a third party of an existing life insurance policy for more than its cash surrender value but less than its net death benefit. Such transactions are usually undertaken for the purposes of estate or financial planning.
More:
Life Settlement Press Release
Founded in 1995, the Life Insurance Settlement Association is the oldest and largest trade organization in the industry. Its goal is to promote the development, integrity and reputation of the life settlement industry, and to promote a competitive market for the people it serves. LISA now represents 90 members with a wide variety of interests in the industry.
To get a free life settlement quote, please call 1-888-973-8377
posted by Life Settlement Pro at 8:13 AM
