Life Settlement Brokers

Life Settlements in 2011 - Top 10 Predictions

As 2010 draws to a close and the dawn of a new year beckons, those in the life settlement industry look forward with renewed optimism. By most accounts, the life settlement industry's bottom is behind it and the secondary life insurance market is now in the process of recovering. How much and how fast is still to be determined. However, below are the Top 10 Predictions For Life Settlements in 2011.

Life Settlement legislation backfires in some states

Life settlement legislation is first and foremost supposed to protect seniors and those selling their policies. States establish life settlement legislation that does this through licensing, disclosure mandates and transparency requirements. In general the primary goal of most new state legislation is to ensure that seniors have all of the necessary facts to make the wisest financial decisions. In addition, new life settlement legislation prohibits fraud, STOLI's and other unsavory elements of the life settlement landscape.

Life Settlement Legislation Does More Than You Think.

With just 5 states left that do not have laws pertaining to life settlements or viatical settlements, the number of unregulated states is dwindling. Although, California, New Mexico, Minnesota, Michigan, Illinois, Massachusetts, Delaware and New York regulate just viatical settlements, many of these states have their eyes on legislating the broader life settlement market. California and New York have broad, sweeping bills in the works aimed at the life settlement industry. They are being watched closely due to their large life settlement markets and consumer friendly regulatory environment.