• Current Life Insurance

    News, Articles & Updates

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  • LISAC is proud to work on behalf of

    5.6 million Canadian seniors

  • to bring them a well-regulated secondary market

    for life insurance settlements

  • Current Life Insurance

    News, Articles & Updates

    Scroll down for recent news...
  • by lobbying to change legislation and regulations

    and educate consumers and advisors

RECENT NEWS

Nov. 2, 2017: A 91-Year-Old’s Fight to Take Care of His Wife

– By Legalizing Life Settlements – Morris Adams is worried about running out of money to pay his wife’s caretakers so she can remain at home. Read more …

Oct. 23, 2017 – Insurers not acting in consumers’ best interests, says industry veteran

Ontario residents may soon be able to sell their own life insurance policies, following a vote by the Ontario Legislature last week. Read more …

Oct. 23, 2017 – Proposed bill seeks easier access to life insurance funds for Ontario seniors –

A new legislative proposal has been advanced to let seniors in Ontario get much-needed money by tapping an asset they own, but typically cannot use: their life insurance policy. Read more …

Oct. 19, 2017 – LISAC’s Response to Insurance Industry Claims:

Clear evidence refutes false claims by the Canadian Life and Health Insurance Association – Read more …

Oct. 18, 2017 – Toronto Sun op-ed –

This week, MPP Michael Colle, took a giant leap forward for Ontario seniors when he introduced a private member’s bill (Bill #162) that will, if passed, provide seniors with access to an additional source of money through an asset they already own — their life insurance policy. Read more …

Ontario Government introduces proposed changes …

to Insurance Act that will allow seniors to access the fair market value of their life insurance – October 3, 2017 Read More …

Letter to Ontario MPPs – Probus and CARP – August 9, 2017

To all Ontario MPPs: Section 115 of the Ontario Insurance Act, 1 overseen by the Financial Services Commission of Ontario (FSCO), is an egregious and archaic regulation that takes away a fundamental right of more than two million Ontario seniors. Read More …

Leonard Goodman – Toronto Sun Op-Ed – July 23, 2017

If you are a Canadian senior, your life insurance policy could be worth a lot more money than you think — while you are alive. If only provincial governments and life insurance companies would let you sell it for its fair market value. Read More …


Today Canadian seniors cannot access the fair market value for their life insurance – this must change!

The principle of a fair market value economy must be established in the Canadian life insurance industry – 5.6 million Canadian seniors deserve it.

A well-regulated, secondary market for life insurance settlements is the cornerstone of a fair, open and competitive marketplace. Life settlement markets are available in countries around the world but not in Canada.

LISAC – The Life insurance Settlement Association of Canada

LISAC is newly formed but our purpose is longstanding. Based on the fundamental principle of open and free markets, LISAC was founded for the purpose of bringing to all Canadians a well-regulated, secondary market for life insurance settlements.

Leonard H. Goodman answers the question: “Why Are Canadian Seniors Worth More Dead Than Alive?”

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