European Life Settlement Association - ELSA


DEFINITION of 'European Life Settlement Association - ELSA'

An organization created to promote fair standards for the life settlement industry in Europe. ELSA also provides accurate information to both retail and commercial investors about life settlements. Its ultimate goal is the promotion and marketing of the life settlement industry across the European continent. Fair practices are also encouraged.

BREAKING DOWN 'European Life Settlement Association - ELSA'

ELSA was established in May of 2009. Any entity involved in the life settlement process can become a member. This includes providers of both capital and services, as well as intermediaries.

  1. Life Settlement

    The selling of one's life insurance policy to a third party for ...
  2. Viatical Settlement

    An arrangement in which someone with a terminal disease sells ...
  3. Life Insurance

    A protection against the loss of income that would result if ...
  4. Settlement Risk

    The risk that one party will fail to deliver the terms of a contract ...
  5. Insurance

    A contract (policy) in which an individual or entity receives ...
  6. Automatic Premium Loan

    An insurance policy provision that allows the insurer to deduct ...
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