Ways To Search for LISA Members

1. Authority to Do Business

Looking to sell your life insurance policy? Use this search to find brokers, providers, and producers with authority to do business in your state.  It’s easy!

Simply:

1. Select the type of business you wish to contact (E.g. Broker, Provider, etc.)
2. Select the type of policy sale you may be considering (E.g. viatical or life settlement)
3. Select your state of residence.

If you need clarification on the type of sale you may be considering, simply click on the terms “viatical” or “life settlement” and read their respective definitions.

 NOTE: If your state regulates viatical or life settlements, this search will automatically provide you with a list of only licensed companies.  For your protection and peace of mind, an LISA staff member has personally reviewed every individual state license held by any member to verify their authority to do business.

2. Domicile

Looking for a company residing in your state? This is your search method!  Simply select the “Industry Segment,” your state, and click search! 

NOTE: Companies domiciled in a given state may not necessarily be licensed to do business in that state.  Always perform an “Authority to Do Business” search and check with the appropriate state agency.

3. Company Name

If you know the name or part of the name of the company you are seeking, select this option.  Can’t recall or need help? You may always call our office and an LISA staff member will be happy to assist you.

Understanding Your Needs

Viatical and Life Settlement transactions are complex and LISA strongly encourages you to thoroughly review the educational information provided within this website.  We offer a variety of informational materials to support the public’s knowledge of and involvement in the secondary market for life insurance.  Your needs are our highest concern and we are here to support you while you explore the settlement option. 

A complete Glossary of Terms is provided. While you are searching our member companies and reviewing their information, you will encounter a variety of industry-related terms.  Utilize our glossary to support your search.

Finally, LISA members hold many licenses in a variety of states.  Their “authority to do business” is contingent on current state law and regulation.  For your benefit, we provide a State Document Report containing all current state life and viatical settlement law and regulation.  If you have a question regarding an LISA member’s authority to business in a specific state, please do not hesitate to contact our staff.

 

 

Life Settlement 

A financial transaction in which a policy owner possessing an unneeded or unwanted life insurance policy sells the policy to a third party for more than the cash value offered by the life insurance company. The purchaser becomes the new beneficiary of the policy at maturation and is responsible for all subsequent premium payments.

Viatical Settlement

(from the Latin "Viaticum" (vi-at-i-kum), historically, an allowance for traveling expenses or provisions for a journey.)  n.  Historically, the proceeds from the sale of a life insurance policy to a third party by a terminally ill individual.

The term today covers the sale by persons who are not terminally ill.  Today the term also refers to the sale by a policy owner who may not be the insured individual.  This could be a corporation or another family member.