Thank you for your interest in becoming a member of the Institutional Life Markets Association (ILMA). ILMA channels the input from our members into a strong voice to influence market participants, regulators and elected officials in states throughout the US and in Washington, D.C.
ILMA currently has two categories of membership:
Charter membership in the Association is available to entities that are subject to extensive regulation by the banking or securities dealer regulatory agencies. Generally, you must be either a broker-dealer which can demonstrate that it owns or invest at least $100 million in securities or you must be a banking institution with total assets in excess of $1 billion. Download the Charter
Membership Application (pdf)
Transition Period for Certain Allied Members. An investment fund not meeting the Investment Threshold but that owns, in the aggregate, either by itself or together with any entity under common control with the applicant, at least $25 million in investments in longevity or mortality related transactions (each, a “Transition Fund”) can nonetheless apply for Allied Membership as set forth in this paragraph. A Transition Fund shall submit a membership application to the Association containing evidence that it will meet the Investment Threshold within twelve months of the date on which such membership application is accepted (such twelve month period with respect to a Transition Fund, its “Transition Period”). If such Transition Fund’s membership application is accepted, such Transition Fund shall be entitled to the benefits (and responsible for the obligations) of Allied Membership during its Transition Period. If such Transition Fund has met the Investment Threshold before the end of its Transition Period, such Transition Fund shall continue to be an Allied Member without any further action by the Association, subject such Transition Fund meeting all of the duties and obligations of an Allied Member otherwise required hereunder. If such Transition Fund fails to meet the Investment Threshold before the end of its Transition Period, such Transition Fund shall thereafter cease to be an Allied Member without any further action by the Association.
Membership as an “Allied Member” is limited to the following types of entities that, in the ordinary course of their business operations, provide services in connection with longevity and mortality related transactions: (i) an investment fund that owns, in the aggregate, either by itself or together with any entity under common control with the applicant, at least $100 million in investments in longevity or mortality related transactions (the “Investment Threshold”); (ii) any business or entity that prepares and delivers life expectancy reports, so long as such business or entity’s primary business relates to engaging in longevity and mortality related transactions; (iii) actuarial services firms, so long as such firm’s primary business relates to engaging in longevity and mortality related transactions, (iv) any business or entity that provides custodial services relating to a longevity or mortality related transaction (provided, that each such entity is a banking institution regulated by federal law or by the laws of its home jurisdiction) or (v) so long as neither it nor any of its affiliates is licensed as a life settlement provider, any business or entity whose primary business relates to providing servicing and tracking services relating to longevity or mortality related transactions.
Download the Allied Membership Application (pdf)
Membership in ILMA provides you with access to your fellow members, monthly research and regulatory updates, and input into ILMA’s agenda, collectively joining and creating a substantial voice in future direction of the longevity-mortality markets.
To join ILMA or learn more about the benefits of membership please contact: