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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

  • by lobbying to change legislation and regulations

    and educate consumers and advisors

RECENT NEWS

March 22, 2023: CARP Hipocrisy; A recent CARP MOMENT broadcast revealed a glaring hipocrisy LISAC couldn’t overlook. Read more …


July 26, 2022: Recent CARP Zoom meeting with 50 members, “Focus on Financing Retirement,” raises serious questions like: Is CARP receiving kickbacks from financial service programs they promote to members? Read more …


July 12, 2022: CARP Webinar with Moses Znaimer and Som Seif is a disservice to CARP members.

It is a self-serving exercise advocating for their commercial interests, not Canadian seniors best financial interests. Read more …


June 22, 2022: CARP refuses to address their members’ opportunity to access “money they do not know they have.Read more …


June 7, 2022: A CARP member receives misleading and categorically incorrect answers from CARPs Community and Benefits Officer, Anthony Quinn.

CARP has not done its own due diligence on the critical question of how Life Settlements can benefit its members. Read more…


June 2, 2022: LISAC Chair sends memorandum to CARP Members

asking four critical questions about CARP’s lack of support in helping members access, “Money you did not know you have.” He urges members to contact their MPP and CARP’s MPP! Read More…


May 27, 2022: LISAC Chair, Leonard H. Goodman exposes the egregious lack of integrity

of Ontario Integrity Commissioner, J. David Wake, and the Office of the Integrity Commissioner (Read More). This follow up correspondence reaffirms Goodman’s position when he prevailed in the false accusations of lobbying at an earlier hearing (see March 8, 2022 post below). Read More…


April 29, 2022: LISAC Chair in discussions with National Pensioners Federation

regarding advocating for seniors who are prevented from accessing, through a fair market system, the much-needed cash in their life insurance policies.Read more …


April 10, 2022: LISAC notifies CARP executive that due to the lack of CARP advocacy

for seniors, LISAC will be contacting CARP members directly to help them access, “Money you do not know you have,” and monetize an asset that is currently dormant. Read more ...


March 29, 2022: CARP silence raises serious questions

about its selective and limited advocacy in the best interests of Canadian seniors. Read more …


March 15, 2022: Goodman questions CARP “silence”

on advocating for seniors’ right to accessing the free market value of their life insurance policies. Read more …


March 8, 2022: Goodman Prevails Against Ontario Integrity Commissioner

Leonard Goodman, founder of a Canadian life settlement trade group, says the Ontario government wrongly accused him of acting as an unpaid lobbyist before dropping its allegation. Read more …


Feb. 23, 2022: Leonard H. Goodman addresses Ontario Integrity Commissioner

Goodman raises issue of the “life insurance industry weaponizing the Ontario Integrity Office in their own self-interests” in addressing bogus accusations of lobbying. Read more …


January 29, 2021: LISAC Responds to CLHIA

The CLHIA recently distributed an email to Ontario MPPs which included misleading information regarding the life settlement industry and Bill 219. Read the original email and our response here  Read more …


October 29, 2020: Bill 219 Passes Second Reading

Bill 219, a Private Member’s Bill introduced by MPP Rudy Cuzzetto to modernize Ontario’s Insurance Act, will proceed to public hearings Read more …

March 30, 2020: Letter from Chairman …

At the bidding of CLHIA, Nova Scotia government has wrongly banned life settlements. This is a win for insurance companies, and a loss for Canadian seniors. Read more …

January 16, 2020: Letter to Ontario Insurance Regulators and Ministry of Finance …

Adam Balinsky, President, Fifth Season Financial writes Ontario regulators in support of LISAC and Canadian Life Settlements Inc. in efforts to “modernize section 115 of the Insurance Act.” Read More …

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 – 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. 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. 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 …

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 …

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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