Washington legislation boosts TLP market

clock

The Traded Life Policy (TLP) market is set to benefit from a legislative change in Washington State requiring life insurance companies to inform policyholders they have an option of selling their policies rather then letting them lapse.

This new measure was introduced to protect policyholders, giving them the option of cashing in their life insurance policies and legally obliging insurance companies to disclose this option. Around $23trn of death benefits existed in the US in 2006, making it the largest life insurance market in the world. It is anticipated the legislation will be replicated across the US states, providing a massive boost to the TLP market as the supply of life policies will be increased. This will offer more choice and reduce cost for investors. According to TLP fund provider MPL, currently 85% of insura...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

The five-minute complaint and the five-day investigation

The five-minute complaint and the five-day investigation

GSI Group CEO on complaints, AI and the latest set of FOS reforms

Mark Buck
clock 12 August 2026 • 5 min read
Andrew Goodwin: The advice gap - an embarrassment of riches?

Andrew Goodwin: The advice gap - an embarrassment of riches?

Andrew Goodwin: The advice gap - an embarrassment of riches?

Andrew Goodwin
clock 12 August 2026 • 4 min read
New Talent Alliance launches financial advice careers guide

New Talent Alliance launches financial advice careers guide

Designed to attract new entrants into the profession

Sophia Panayi
clock 11 August 2026 • 2 min read