Life Settlement News

Life Insurance Finance Association Conference to Feature Diverse Panel of Speakers
Organization Recommends Early Conference Registration; Space is Limited.

Myths and realities surrounding the life insurance premium finance industry will be clarified Nov. 29 by industry experts, including state regulators, attorneys, producers, agents and lenders, who will make up the panel of speakers at the first Life Insurance Finance Association.

Life Policy Dynamics, LLC, (“LPD”) an outsource servicing solution for the secondary life insurance market, announces the completion of its third quarterly market analysis of the life settlement industry. The LPD market analysis provides life settlement funders and premium finance lenders an independent summary of economic values for life policies recently traded in the secondary market. The analysis is based upon a sample of actual transactions completed during the third quarter of 2006. Valerie Coffey, Director of Operations, presented this market analysis on October 26th at the annual BVZL Conference in Dortmund Germany. She will also be presenting it at the Life Insurance Settlement Association (LISA) conference in New York on Wednesday, November 29th at 1:30 PM.

Jim Terlizzi, CEO of Peachtree Life Settlements, called on the life settlement industry to be more proactive in putting forth a regulatory agenda addressing broker fee disclosure, insurable interest abuses and other issues affecting the life settlement market. He urged the more than 275 industry participants attending
Fasano Associates’ Third Annual Life Settlement Conference to become more politically active.

The Life Settlement Institute (LSI), the leading organization representing secondary market providers for life insurance, reaffirmed today its pro-consumer and pro-competition efforts to regulate life settlements.

- Company Now Complies With NASDAQ Listing Requirements –

Life Partners Holdings, Inc. (Nasdaq:LPHI) announced today that the board of directors has unanimously voted to appoint Dr. Harold E. Rafuse as an independent director and member of the audit and compensation committees as of November 1, 2006. Dr. Rafuse was appointed to fill the unexpired term of LPHI director Lt. General Harry Goodall after his untimely death in September.

Attorney General Eliot Spitzer today sued a leading financial services company, alleging that it orchestrated a broad scheme to defraud owners of life insurance.

The lawsuit targets the fast-growing “life settlements” industry, where investors buy life insurance policies from policy owners, make premium payments as they come due, and then collect death benefits when the insured person dies. The industry has tripled in size during the last three years and now accounts for more than $6 billion in revenues, according to industry analysts.

The former president of Mutual Benefits, a company accused of defrauding investors out of nearly $1 billion, pleaded guilty to securities fraud.

Life Partners Holdings, Inc. (Nasdaq: LPHI) today announced net income of $223,743, or $0.02 per share, for the three months ended August 31, 2006 compared to $247,521 or $0.03 per share, reported for the same period last year. Revenues increased by 35% over the same period last year while total business volume, as measured in policy face values transacted, increased by 100% over last year to almost $29 million. For the six months ended August 31, 2006, the company reported net income of $694,735 or $0.04 per share compared to $716,626 or $0.08 per share during the period last year.

Insurance Executive to Strengthen EMSI’s Leadership Position in Medical Underwriting
Scottsdale, AZ, September 25, 2006 – Examination Management Services, Inc. (EMSI) announces the appointment of Linda S. Goodwin, MD, FACP, as a medical director for EMSI’s underwriting department. Dr. Goodwin is board certified in both internal medicine and insurance medicine with a special certification in geriatric medicine. She has extensive experience in insurance underwriting having served as medical director for both United of Omaha and Transamerica Reinsurance.

Peach Holdings Inc., which earlier this month recommended a takeover by Orchard Acquisition Company, an affiliate of DLJ Merchant Banking Partners, today reported an 81 pct drop in pretax profit for the first half of 2006 to 4.3 mln usd from 22.6 mln the prior year.