Life Settlement News

The Life Insurance Finance Association (“LIFA”) commends the Congress for its decision to protect the retirement financial security of millions of Americans while also preserving the value of the secondary life insurance market for consumers, commonly known as “life settlements.”

The insurance industry is a sweeping part of our culture that impacts many aspects of our lives, both personal and professional. But, rather than try to grade the entire industry, I would like to focus my “mid-year grading report” on recent trends in the area of life settlements.

Fate continues to shower blessings on the greatest generation. Elderly Americans may soon be able to supplement their incomes by collecting fees from investors who wish to bet on their life expectancy. That, at least, is the fear of the life insurance industry, still wondering how to get the “viatical” genie back into the bottle.

Institutional Investor Journals and the Life Insurance Settlement Association Announce the Publication of a Special Section on Life Settlements in The Journal of Structured Finance
Industry Officials Applaud the Special Section on Life Settlements as the Most Comprehensive and Authoritative Source of Information on the Status of the Emerging Secondary Market for Life Insurance

The Lifetrade Fund B.V., has received a Standard & Poor’s Credit Quality rating as a life settlement investment fund. Lifetrade is the first open-ended fund to receive such a rating from Standard & Poor’s in the secondary life insurance market.

As part of Ridge Capital Group, LLC’s commitment to quality, premium-finance products and strict compliance with industry regulations, the company today is announcing its support of the Life Insurance Finance Association’s statement of best practices.

Maple Life Financial recently participated in an industry discussion on World Business Review, a popular newsmagazine television show respected for its broadcasts of factual information about the latest topics, trends, and solutions to industry problems.

Life Partners Holdings, Inc. (Nasdaq: LPHI) today announced net income of $470,992, or $0.05 per share, for the three months ended March 31, 2006 compared to $469,105 or $0.05 per share, reported for the same period last year. Revenues increased by 25% over the same period last year while total business volume, as measured in policy face values transacted, increased by 59% over last year to almost $29 million.

Ridge Capital Group, LLC today announced it is unveiling a new premium finance loan program to address the needs of both insurance carriers and insureds in the current life-insurance premium-finance environment.

The Life Insurance Settlement Association (LISA) is pleased to announce the election of new board of director officers at our recent board meeting on Wednesday, June 7, 2006 in Washington, D.C.