Life Settlement - Servicing News

Bradley D. Belt Appointed Chairman of Palisades

Reservoir Capital Group, L.L.C. today announced the establishment of Palisades
Capital Advisors, L.L.C. (“Palisades”) and the appointment of Bradley D. Belt as its Chairman. Mr. Belt most
recently served as Executive Director and CEO of the Pension Benefit Guaranty Corporation.

Legacy Benefits Corporation (New York), a recognized leader and innovator in the life settlements industry, has been granted a life settlement provider license in the state of Colorado, which recently enacted legislation regulating the field.

Fasano Associates announced the results of a new analysis of its accuracy in estimating life expectancies. The study revealed an overall actual to expected ratio of 96% for business underwritten by Fasano from 2001 through the end of 2005. An earlier study, covering business underwritten through the end of 2003, had produced similar results.

ISC Services is pleased to announce its role as a preferred Life Expectancy Provider to First Equity Benefits of America Inc., a leading Life Settlements firm with offices in New York City and Toronto.

Integrity Capital Partners/ Integrity Settlement Group (Bethesda, MD), announced today a major new initiative aimed at expanding its capabilities and client service offerings. As part of this initiative, Integrity has moved into a new 5,000 sq. ft facility in Bethesda, a stones throw from the Nation’s Capitol.

Recent share market volatility caused by the fall in the Chinese equity market has illustrated the value of including non-market correlated assets in an investment portfolio, according to an industry fund manager. An example of an asset displaying these characteristics is the Life Settlements Wholesale Fund, which has experienced significant growth since its launch in July of last year.

Peachtree Life Settlements was recently appointed as an approved originator and servicer for a large German life settlement fund. This fund is the most recent in a series of funds marketed and managed in Germany by the fund initiator which is part of a multi-national European banking giant.

Peachtree Life Settlements is pleased to announce that it has closed on a $500 million credit facility for the acquisition of life settlements. This new facility gives Peachtree Life Settlements the capacity to purchase an additional $1.5 billion in life insurance policies. This development will add to Peachtree Life Settlements’ ongoing presence as a pioneer in providing institutional financing for the life settlement market.

Lawsuit Alleges That California Firm Engages in Longstanding Scheme to Defraud Seniors Out of Hundreds of Millions of Dollars in Life Insurance Coverage
Predatory Practice Taints All Legitimate Premium Financing Programs

A lawsuit filed late yesterday in the California Superior Court for Orange County, California, alleges that a California life insurance premium finance agency has “created a deceptive premium financing program” that has defrauded seniors out of hundreds of millions of dollars of life insurance protection.
The lawsuit was filed by Toni Y. Jones, in her capacity as Investment Trustee for the Harry L. Jenkins Irrevocable Insurance Trust (“Trust”), along with Mark Ross & Co., Inc., a leading life insurance broker and XE-R, LLC, a premium financing agency with business operations in New York.

ISC Services www.iscservices.com  is pleased to announce that after careful and thorough analysis, Secondary Life Capital, LLC, a premier Life Settlement Provider based in Washington DC, has chosen ISC Services as a preferred Life Expectancy Provider.