Legacy Benefits Names Elhanani COO

Zohar Elhanani has been named chief operating officer for Legacy Benefits Corporation (New York), a recognized leader and innovator in the life settlements industry. In his new position, Elhanani will spearhead the company’s growth through accelerated acquisition of high-quality life settlement assets and a new emphasis on the company’s ongoing national leadership in defining the industry’s best practice standards.

Elhanani brings to Legacy Benefits an in-depth background in business operations, development and management in finance as well as a range of leadership positions in high-growth industries. Before joining the company, he was executive vice president of sales and operations for RealTimeImage, Inc., an Internet-based medical technology company, which was acquired in 2005 by IDX Systems Corporation. At IDX, he served as managing director and continued in this role following IDX’s acquisition by GE Healthcare, where he played a key role in the integration of their international businesses operations.

Prior to this, Zohar Elhanani was a director of business development for Scitex (NASDAQ:SCIX), a leader in digital solutions for the graphic arts industry. During his career, he also has been a financial associate with Giza Venture Capital Fund, where he managed investments in the IT and communications arenas.

“The secondary market for life insurance is an innovative area that will expand dramatically through enhanced visibility, acceptance and recognition of life settlements’ unique
resistance to many of the market factors that influence competing investment vehicles. The market opportunity before us is tremendous, and as acceptance of the life settlement asset class grows, my enthusiasm for driving Legacy’s expansion and leadership increases daily,” commented Elhanani. “Legacy Benefits offers a singular depth of experience, an exceptional ability to attract and purchase life settlement assets in ever-greater volumes and an established leadership position for promoting best-in- class business practices in the industry. Given this, and the growing interest in life settlements, the company is poised for major growth. I look forward to playing a key role in that expansion.”

Zohar Elhanani has the skills and experience to make a vital contribution to our organization’s growth and the industry overall,” said Meir Eliav, president and founder of Legacy Benefits. “His broad background in operations with large companies such as GE, combined with his hands-on management experience with small, rapidly growing firms, is an excellent combination to help take our company to the next level.”

About Legacy Benefits
A recognized leader in the life settlement industry, Legacy Benefits pioneered this burgeoning specialty finance field more than 15 years ago and today maintains its reputation as an industry innovator. Since 1991, Legacy Benefits has specialized in the origination, servicing and management of life insurance assets for a broad range of institutional clients. It utilizes an ever-evolving array of sophisticated analytical tools and upholds the highest ethical standards when evaluating and acquiring unwanted or unneeded insurance policies for its institutional clientele. Legacy Benefits was founded by company president Meir Eliav, a 30-year financial services veteran, who was a founding member and past-president of the Life Insurance Settlement Association (LISA), the largest U.S. trade association in the industry.

In 2004, the innovative firm became the first ever to originate a portfolio of life settlement assets for a securitization transaction rated A1/Baa3 rating by Moody’s Investor Services. In 2006, Legacy Benefits received and reviewed life insurance policies covering 8,000 lives with a total face value of approximately U.S. $12 billion.