Overview
What is Life Insurance Settlement Association Inc?
Life Insurance Settlement Association Inc, located in Washington D.C., is a nonprofit organization dedicated to the advancement of the life settlement industry. Their mission involves promoting the highest standards of practice and professional development within the field. They achieve this by providing their members with relevant updates on laws and regulations, facilitating educational meetings, and publishing informative materials. Additionally, Life Insurance Settlement Association Inc aims to educate consumers and financial advisors about life settlements as a viable alternative to surrendering or allowing a life insurance policy to lapse.
Official website here: www.lisa.org
Is Life Insurance Settlement Association Inc legitimate?
Life Insurance Settlement Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Life Insurance Settlement 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.lisa.org
What is the mission statement of Life Insurance Settlement Association Inc?
The Life Insurance Settlement Association Inc's mission is centered around promoting excellence and professional development within the industry. Their primary objective is to educate both consumers and advisors about life settlements as a viable alternative to lapsing or surrendering a life insurance policy. To achieve this, the association engages in various activities such as organizing meetings, providing legislative updates, and publishing relevant information. This continuous education empowers members to stay informed about new laws and regulations in the field.
Official website here: www.lisa.org
What is the revenue of Life Insurance Settlement Association Inc?
Life Insurance Settlement Association Inc's revenue in 2023 was $1,058,637.
Official website here: www.lisa.org
Who are the executives of Life Insurance Settlement Association Inc and what are their salaries?
There 9 volunteers at Life Insurance Settlement Association Inc.
Here are 10 key members and their salaries:
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Official website here: www.lisa.org
Where can I find the form 990 for Life Insurance Settlement Association Inc?
Life Insurance Settlement Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lisa.org
Learn more at the official website: www.lisa.org
Mission Statement of Life Insurance Settlement Association Inc
Life Insurance Settlement Association Inc, an industry-focused organization, is committed to advancing the highest standards of practice and professional development within its sector. Its mission is multifaceted, aiming to educate both consumers and advisors about life settlements as a viable alternative to the lapse or surrender of a life insurance policy. By doing so, the association seeks to promote the benefits and potential of this option to a wider audience. To achieve this goal, Life Insurance Settlement Association Inc employs various strategies, including hosting meetings, staying updated on legislative changes, and publishing relevant information to keep its members well-informed. This proactive approach to education and professional development is a testament to the organization's dedication to upholding the best practices in the life settlement industry.
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Impact
October, 2024
Life Insurance Settlement Association Inc plays a crucial role in enhancing the life insurance settlement industry by setting high standards of practice and fostering professional development. Through its initiatives, the organization educates both consumers and financial advisors about life settlements, providing them with a viable alternative to allowing a life insurance policy to lapse or be surrendered.
By hosting meetings, offering legislative updates, and producing informative publications, the association ensures that its members stay informed about new laws and regulations affecting the industry. This commitment to ongoing education not only bolsters the professionalism of its members but also empowers consumers to make well-informed decisions regarding their insurance policies. Overall, the association significantly contributes to the improvement and maturation of the life insurance settlement landscape, ultimately benefiting both the industry and the broader community.
This information is meant to be a general summary of Life Insurance Settlement 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 2023.
- Program Service Revenue: $999,537
- Gross Receipts: $1,058,637
Assets and Liabilities:
- Total Assets: $171,658
- Total Liabilities: $170,061
- Net Assets: $1,597
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership Dues & Assessments
Revenue
$868,497
REGISTRATION FEES
Revenue
$131,040
Organization Details
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