Life Settlement - Investors News

Deal makes it easier for ING producers to access one of the broadest premium financing offerings in the industry

The ING life companies in the U.S. have signed an agreement with Capital Management Strategies, which allows ING life company producers access to Capital Management’s Capital Maximization Strategy (CMS)(SM) premium financing programs. CMS is the largest and longest running life insurance premium finance program in the insurance industry.

Following the decision of the NAIC Life Insurance and Annuities (A) Committee to adopt varied amendments to the Viatical Settlements Model Act, officials and members of the Life Insurance Settlement Association (LISA) vowed to continue the fight and condemned NAIC’s so-called consumer protection measure as “a direct assault on consumer rights and established law, on the contrary.”

New Jersey recently enacted life-settlement provider licensing requirements, and Life Settlement Solutions Inc., one of the nation’s premier sources of life-settlement funding, was among the first life-settlement providers to receive a license under the law.

The Life Insurance Settlement Association will meet in conference in New York from November 29 to December 1. This will be the twelfth consecutive year for this conference, and it will occur in New York City at the Crown Plaza Hotel in Times Square. As in previous years, LISA will continue to provide leadership for the industry and to confront the challenges of the day. Industry leaders have shown confidence in LISA by breaking registration records for the conference, which is fast approaching 500 attendees.

More than $9.7 trillion of individual life insurance was in force on approximately 168 million policies at the end of 2004.

Hundreds of millions of dollars in excess value has been paid by life settlement providers to senior citizens for life insurance policies that they no longer need or want. The excess costs flow directly to the owners of the policies, senior citizens, rather than to the insurance carriers who otherwise profit when policies lapse or are surrendered.

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.

Peach Holdings Inc, the parent company of consumer finance company Peachtree Settlement Funding said it has recommended an offer from Orchard Acquisition Company, an affiliate of DLJ Merchant Banking Partners (‘DLJMB’), at 3.85 stg cash per share and valuing the whole of Peach Holdings at 404 mln stg.

One group of advisers last month opened up its own specialty broker-dealer specifically to make sure trades of life settlements are handled properly.
With NASD last month issuing a notice to members reminding.

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.

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.