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- EIN 20-8769162
- (202) 552-2788
- 818 Connecticut Ave Nw Ste 1100 Washington DC 20006-2702 USA
- www.lifemarketsassociation.org
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Nonprofit Overview
Causes: Chambers of Commerce & Business Leagues
Mission: The organization's mission is to expand and apply capital market solutions in life insurance, educate consumers that their insurance may be a valuable asset, expand consumer choices about how to manage it, and support the responsible growth and regulation of the industry.
Programs: Meetings to discuss regulatory issues. Ilma meets regularly to discuss existing and proposed regulatory issues in connection with the longevity and mortality marketplace. Regulatory issues include state and federal legislation, proposed model acts and related materials. These meetings are held to further ilma's stated organizational purpose of educating market participants on regulatory developments affecting the businesses of life settlements. Approximately fifty percent (50%) of ilma's time is spent participating in these meetings. The meetings take place monthly and all ilma members are invited to attend.
development of form documentation. Ilma has created a "legal and regulatory matters" subcommittee. Among other things, this subcommittee seeks to increase transparency and disclosure in transaction documents. Subcommittee work product will be submitted to ilma's board of directors for final approval. Approximately twenty-five percent (25%) of ilma's time is spent on the development of form documentation. The subcommittee meets monthly and all ilma members are invited to attend.
the ilma conference is a one-day event with an investment focus and in-depth coverage of the longevity market. The topics discussed are life settlements, global pension plans, insurance reserves and reverse mortgages as alternative investments. There were 91 attendees. Approximately twenty-five percent (25%) of ilma's time is spent on the planning of the conference.
public relations and membership outreach. The balance of ilma's time is spent (i) participating in marketplace conferences and presentations, (ii) meeting with industry leaders on matters affecting the marketplace and (iii) on membership outreach. The purpose of these activities is to increase consumer awareness of the benefits of the longevity and mortality marketplace and to build alliances with other market participants. All members are invited to participate in these activites,which comprise approximately five percent (5%) of ilma's time.