Life Settlement - Servicing News

Direct-to-consumer sales model builds on leadership positions in structured
settlement and annuity segments.
Specialty finance company J.G. Wentworth, Inc. today
announced that 22 states have granted life settlement provider licenses to its dedicated life settlements

Fasano Associates announced their development
of new mortality tables for the over-65 life settlement market at the BVZL sponsored Life Settlement
Conference held in Frankfurt, Germany on February 20th.

Peachtree Life Settlements announces that it has recently renewed two credit facilities for the acquisition of life settlements. Together, these credit facilities total $500 million and allow for the acquisition of approximately $900 million of policy death benefits.

The Life Insurance Settlement Association published a graphic representation of the life settlement process. “This is our effort to clear up some of the mystery and misinformation surrounding the process so that everyone can work from a common understanding,” says LISA Executive Director, Doug Head.

LISA
The month of September will offer a unique opportunity for producers and brokers in the burgeoning market of life settlements. The Life Insurance Settlement Association is presenting a day long Producer Seminar on September 24th and a day-long Broker Summit on September 25th in sunny Orlando, Florida. The producer seminar offers life insurance professionals from all industry segments a singular opportunity to expand their professional portfolios.

Integrity Capital Partners (Bethesda, MD), is proud to have been recognized in the July 27th addition of the “Washington Business Journal” as the 16th largest Insurance Agent/ Broker in the Washington Metropolitan Area, and its inclusion in the Journal’s Annual Book of Lists. The Washington DC Metropolitan Area is the 5th largest in the Nation.

Since 2001, Integrity has been intimately involved in all aspects of the specialty finance industry and in particular, those related to the life settlements arena and carrier approved premium financing.

Lawrence S. Brown, Ryan A. Young and Robert F. Haran are pleased to announce the formation of 4Pluris, LLC, headquartered in Bethesda, Maryland.
4Pluris originates structured financial products for institutional investors seeking to benefit from the attractive short and long term investment returns available to risk oriented capital in the life insurance marketplace. 4Pluris is also active in assisting insurance professionals and financial advisors, and their clients, in taking advantage of the myriad of wealth creation and wealth preservation opportunities in the rapidly evolving life insurance sector.

Peach Holdings, Inc. (“Peachtree”) announces the closing on the first tranche of a $45 Million credit facility for use in its growing life insurance premium finance business. This credit facility will be used as part of the firm’s Senior Leverage Policy Ownership (“SLPO”) business.

Secondary Life Capital, LLC
(“SLC”) announced today that the State of Mississippi has granted their life settlement provider license. In addition to Mississippi, SLC was recently awarded a life settlement provider license in both Texas and Tennessee. Founded in 2003, the Washington DC based firm is a leading provider of life settlements and life settlement portfolios to institutional investors worldwide.

Life-Exchange, Inc., (Pink Sheets:LFXG) the nation’s leading trading platform for the life settlement industry, announced today that their system has been successful in preventing the first attempted abuse of the electronic life settlement market. Three weeks ago it was discovered that a member broker had attempted to circumvent the exchange and simultaneously defraud their client by falsifying the offer amount. Due to the cooperation of Advanced Life Settlements Management (Advanced LSM), the first European member to join Life-Exchange, and other exchange members the abuse was quickly detected and prevented.