Life Settlement News

Andrew D. Terrell to Lead New Life Settlements Companies

Institutional Life Services, LLC, (ILS) and Institutional Life Administration, LLC, (ILA), companies newly created by Goldman Sachs, National Financial Partners and Genworth Financial today announced Andrew D. Terrell as their first chief executive officer. ILS andILA are a marketplace and clearing operation, respectively, formed to create acompetitive and compliant institutional marketplace for the settlement of life insurance policies.

Investors in settled life insurance policies need to thoroughly understand
the impact of underwriting and mortality assumptions on investment performance, according to a new analysis
issued today by Phoenix Life Solutions, a subsidiary of The Phoenix Companies, Inc. (NYSE: PNX).

Legacy Benefits Corporation a recognized leader in the life settlement
industry, announces the closing of the transaction of a strategic partnership with Mofet Holdings, Ltd. which
aims to broaden Legacy’s role as principal in the origination and trade of life insurance settlements and
portfolios. As part of this new alliance, Mofet U.S. Holdings, Inc., a subsidiary of Mofet Holdings, Ltd., acquired
for cash a 50 percent interest in Legacy Benefits, LLC, a newly formed subsidiary of Legacy Benefits
Corporation. Mofet Holdings is a subsidiary of Kaman Holdings, both public Israeli companies with investments
in a wide range of business sectors worldwide.

This joint venture is just the first step in a goal to provide an end to end solution to the life settlement industry.

Value Life Corp(VLC) and Chapman, Hext & Co., P.C.. (CH&Co) have formalized a joint venture to bring VLC’s software and actuarial resources and CH&Co’s back office and accounting expertise to investors with all sizes of portfolios.

European Life Settlements Management formerly Abacus Life Settlements Management has changed their trade name this week to eliminate market confusion between themselves and the US life settlement provider firm Abacus Settlements, LLC.

The year has just begun and Life-Exchange has just added a new Member firm to its list. Titus van Heur, a seasoned CEO of many companies, has started his own firm as Abacus Life Settlements Management in the Netherlands. Previously he was responsible for managing another Dutch firm active in this field.

Legacy to Expand into Life Settlement Portfolio Trading

Legacy Benefits Corporation (New York), a recognized leader in the life settlement industry, announces a strategic partnership with Mofet Holdings, Ltd. to broaden Legacy’s role as principal in the origination and trade of life insurance settlements and portfolios. As part of this new alliance, Mofet will acquire for cash a 50 percent interest in Legacy Benefits, LLC.

Aussie industry competitive

Australia’s first life settlement fund has rocketed in the past four months.

Life Partners Holdings, Inc. (NASDAQ GM:LPHI) announced today that its previously announced 5-for-4 stock split will be paid on September 27, 2007 to shareholders of record as of September 14, 2007.

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.