The data collected in this Market Collection Survey this year shows the benefit that our industry is bringing to the American senior.”
Washington, DC — May 7, 2024 — The Life Insurance Settlement Association (LISA) has released the findings from its 2023 Market Data Collection Survey. The data collected represents the summary closing data collected from 18 LISA member providers who completed life settlement transactions in 2023. These companies executed approximately 95% of the life settlement transactions completed in the 2023 calendar year.
“The data that we collected in our Market Data Collection Survey this year shows the benefit that our industry is bringing to the American senior,” said LISA Board Chair, John Dallas. “In 2023, life settlement consumers received over $842 Million from the sale of their unwanted life insurance policies, more than 6 times the Cash Surrender Value (CSV), putting $707 Million more in seniors’ pockets than they would have received from insurance carriers.”
“Additionally, with over 9 million policies, valued at over $940 Million, lapsed or surrendered annually by life insurance consumers, the life settlement industry remains relatively untapped,” said Dallas. “It’s primed to take full advantage of future growth opportunities.”
Longtime LISA Board member, Rob Haynie, says it’s as simple as asking your client the following question. Which would you rather have, $50,000.00 or $300,000.00? It really is that simple. Don’t settle for less… Life settle for more!
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