Life Settlement - Marketing News

Today, Russel Dorsett, President of the Life Insurance Settlement Association (LISA), released the following statement:

In anticipation of the first-ever cross continental life settlement trade mission, event coordinators have released a complete and detailed agenda for public access. The 2010 Life Settlement Trade Mission (February 23-26) is a mutual effort by the two leading trade groups for their respective continents: in North America, the Life Insurance Settlement Association (LISA) and in Europe, the European Life Settlement Association (ELSA). The stated objective of the Trade Mission is to establish “a new standard for accuracy of information and a realistic presentation of the challenges and opportunities in the life settlement marketplace.”

On Columbus Day, 2009, California seniors were presented with the fine gift of a welcome new law regulating life settlements, Senate Bill 98. The Governor’s signature on this important legislation authored by Senate Insurance Committee Chair Ron S. Calderon (D - District 30) completes extensive work by both chambers of the legislature. The bill, which takes effect on July 1, 2010, regulates the life settlement industry in California, which has seen marked growth in the past decade. A Life Settlement is the sale of an existing life insurance policy to a third party for more than its cash surrender value but less than its net death benefit.

A number of major insurance companies are among the entities that were exposed to the alleged fraud perpetrated by Bernard L. Madoff Investment Securities LLC, according to published reports.

AllFinancial Group LLC (“AFG” or the “Company”) announces that in the midst of recent life settlement market dislocations, it has immediately available capital to provide liquidity in the form of short term, or “bridge” loans to life settlement investors, including providers that may be holding policies for their own accounts.

ClearLife is delighted to announce the addition of Valerie Coffey to its team. Valerie joins as Vice President of ClearLife LP, ClearLife’s U.S. operation, responsible for the development of ClearLife’s US business and operations. She will also lead the roll-out of ClariNet™, the business management system developed by ClearLife for participants in the life settlements and longevity risk markets.

Fasano Associates released the Agenda for its 5th Annual Life Settlement Conference, to be held on Wednesday, November 5, 2008 at its headquarters in Washington, D.C.

The Life Insurance Settlement Association will proudly convene its 14th Annual Fall Conference on November 6th and 7th in Washington, D.C. As lawmakers and the nation grapple with the deepening financial crisis, LISA will represent an active and burgeoning market not correlated to the current focus of concern on Wall Street.

Fasano Associates announced that its Fifth Annual Life Settlement Conference will be held on Wednesday, November 5, 2008 at its headquarters building in Washington, D.C.

(OTCBB:LFXG) the nation’s leading online business-to-business exchange for the life settlement industry, announced today its financial results for the fiscal year ended June 30, 2008 with revenue of $1,294,596 and a net income of $332,128 for the same 12 month period.