OLDWICK, N.J.--(BUSINESS WIRE)--In this A.M.BestTV episode, Scott Page, president and chief executive officer, The Lifeline Program, said life settlements have matured as an investment category to the point where investor interest is outstripping supply of life policies. Click on http://www.ambest.com/v.asp?v=page217 to view the entire program.
At the recent Life Insurance Settlement Association’s (LISA) annual conference in New York, Page spoke about how much the industry has changed since its inception in 1989.
“It was very different in the early days. There was no structure and no regulation. Social media did not exist. There was no way to get the word out to HIV and AIDS patients, so as to educate them about how they could turn their life insurance policy into a resource to help them pay for the medicines they needed to survive,” said Page. “Today, it is quite different. There is a lot more regulation, and it has shifted from being more about consumer protection to one where there are lawyers and accountants to protect them. The regulations now are more geared toward the protection of the investment side.”
For full video coverage of the LISA conference, visit http://www.ambest.tv.
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