Overview
What is Institutional Longevity Markets Association Inc?
Institutional Longevity Markets Association Inc, based in Washington D.C., is a nonprofit organization dedicated to addressing regulatory issues in the longevity and mortality marketplace. Their primary focus is on discussing existing and proposed regulations at monthly meetings, covering state and federal legislation, proposed model acts, and related materials. Around half of their time is spent on these meetings, which cater to educating market participants about regulatory developments affecting the life settlements business. The organization's mission extends beyond this, aiming to expand and apply capital market solutions in life insurance, educate consumers on the value of their insurance as an asset, and broaden consumer choices in managing it. They also support the responsible growth and regulation of the industry.
Official website here: www.lifemarketsassociation.org
Is Institutional Longevity Markets Association Inc legitimate?
Institutional Longevity Markets Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Institutional Longevity Markets Association Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.lifemarketsassociation.org
What is the mission statement of Institutional Longevity Markets Association Inc?
The Institutional Longevity Markets Association Inc's mission is centered around expanding and utilizing capital market solutions in the life insurance sector. The organization aims to educate consumers about the potential value of their insurance, broaden consumer choices in managing their insurance, and promote the responsible growth and regulation of the industry. A significant portion of the organization's time is spent participating in regular meetings to discuss regulatory issues, keeping market participants informed about developments affecting the life settlements businesses. These meetings cover a range of topics, including state and federal legislation, proposed model acts, and related materials, with the goal of educating the industry on regulatory developments.
Official website here: www.lifemarketsassociation.org
Who is the CEO of Institutional Longevity Markets Association Inc?
John A Kelly is the Director of Institutional Longevity Markets Association Inc.
Official website here: www.lifemarketsassociation.org
What is the revenue of Institutional Longevity Markets Association Inc?
Institutional Longevity Markets Association Inc's revenue in 2022 was $218,702.
Official website here: www.lifemarketsassociation.org
Who are the executives of Institutional Longevity Markets Association Inc and what are their salaries?
There 10 volunteers at Institutional Longevity Markets Association Inc.
Here are 8 key members and their salaries:
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Official website here: www.lifemarketsassociation.org
Where can I find the form 990 for Institutional Longevity Markets Association Inc?
Institutional Longevity Markets Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lifemarketsassociation.org
Learn more at the official website: www.lifemarketsassociation.org
Mission Statement of Institutional Longevity Markets Association Inc
Institutional Longevity Markets Association Inc, a prominent organization, is dedicated to expanding and applying capital market solutions in the realm of life insurance. Their mission is multifaceted, aiming to educate consumers about the potential value of their insurance, expand consumer choices regarding its management, and support the responsible growth and regulation of the industry. By doing so, they aim to empower individuals and ensure the sustainable development of the life insurance sector.
To achieve this mission, Institutional Longevity Markets Association Inc regularly convenes meetings to discuss regulatory issues. These meetings serve to educate market participants on regulatory developments affecting the businesses of life settlements. Approximately half of the organization's time is spent participating in these regulatory discussions, which cover various topics such as state and federal legislation, proposed model acts, and related materials. These meetings, held monthly, are an essential part of Institutional Longevity Markets Association Inc's mission to promote transparency and responsible growth in the life insurance industry.
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Impact
October, 2024
Institutional Longevity Markets Association Inc (ILMA) significantly influences the life insurance sector by focusing on enhancing capital market solutions and educating consumers about the value of their insurance policies. By promoting awareness that life insurance can serve as a valuable asset, ILMA empowers individuals to make informed decisions regarding their policies.
The organization plays a crucial role in shaping the regulatory landscape affecting longevity and mortality markets. Through regular meetings that engage members in discussions on pertinent regulatory issues—including state and federal legislation and proposed model acts—ILMA ensures that stakeholders stay informed about developments that could impact their businesses and consumers. This strong focus on regulatory education not only promotes responsible practices but also fosters the industry's sustainable growth.
By facilitating dialogue among key industry participants, ILMA contributes to expanding consumer choices in managing life insurance assets. As a result, its initiatives support the responsible evolution of a market that is increasingly pivotal in addressing the financial needs associated with longevity. Ultimately, ILMA's impact is felt across the industry, enhancing both consumer understanding and market efficacy in the life insurance domain.
This information is meant to be a general summary of Institutional Longevity Markets Association Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $24,037
- Gross Receipts: $218,702
Assets and Liabilities:
- Total Assets: $165,925
- Total Liabilities: $100,000
- Net Assets: $65,925
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONFERENCE
Revenue
$24,037
Organization Details
Founding Year
2007
Phone
(202) 552-2788Principal Officer
John A Kelly
Main Address
818 Connecticut Ave NW Suite 1100, Washington, DC, 20006
NTEE Category
Code: S41 - Community improvement
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