Life Settlement News

Advanced Life Settlements Management, B.V. (“Advanced LSM”),—specialists in the Netherlands focused on the US life settlement market announced today the successful closing of their first advisory trade on Life-Exchange.

Life Partners Holdings, Inc. (NASDAQ GM:LPHI), parent company of Life Partners, Inc., today announced it expects to report an increase of 215% in net income for its 2007 fiscal year ended February 28, 2007. The Company expects to report net income of approximately $3.6 million or $0.38 per share compared to $1.14 million or $0.12 per share reported for its 2006 fiscal year. Life Partners also expects to report a 49% increase in revenues for the 2007 fiscal year while total business volume, as measured in policy face values transacted, increased by 73% over last year to $151 million.

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.

In light of recent revelations regarding the mass purchase of investor-initiated life insurance at Oklahoma State University, state legislators and regulators should beware of protectionist measures sponsored by life insurors, says Doug Head, executive director of the Life Insurance Settlement Association.

The New World companies of Great Neck, NY and the management team of Stone Street Capital, Inc. of Bethesda, Maryland, announced that they have purchased the assets of Stone Street Capital, Inc. through a new entity, Stone Street Capital, LLC. Stone Street is a leading purchaser of periodic cash flow streams, such as lottery prizes, structured settlements, and corporate prize awards. The Company, which will remain in Bethesda, Maryland, employs 100 plus professionals with demonstrated capabilities in structured asset transactions. Stone Street Capital’s web address is http://www.stonestreet.com.

Life settlement funds are emerging as a fresh asset class as investors seek alternative investments uncorrelated to traditional investment markets.

Heralded as a socially-responsible alternative investment, a life settlement involves the purchase of a life insurance policy issued to a US resident after the insured is found to have an impaired life expectancy.

Deal makes it easier for ING producers to access one of the broadest premium financing offerings in the industry

The ING life companies in the U.S. have signed an agreement with Capital Management Strategies, which allows ING life company producers access to Capital Management’s Capital Maximization Strategy (CMS)(SM) premium financing programs. CMS is the largest and longest running life insurance premium finance program in the insurance industry.

Peachtree Life Settlements (“Peachtree”) has announced that it has arranged for a credit facility allowing it to purchase over $1.5 billion of Life Settlements. Peachtree expects to close on the purchase of several billion dollars worth of life insurance contracts in 2007 and is working closely with major capital markets banks to augment this new facility. Sergio Salani, a Senior Vice President with Peachtree said: “This is terrific news for Peachtree and seniors with unneeded life insurance throughout the country. Given the tremendous volume of business being presented to us, the timing for this credit facility could not be better. We look forward to being the dominant life settlement provider in 2007.”

DLJ Merchant Banking Partners (“DLJMB”) today announced that its affiliate Orchard Acquisition Company has completed its acquisition of Peach Holdings, Inc. (AIM: PSF), the parent company of Peachtree Settlement Funding (“Peachtree”), in a cash merger at £3.85 per share. Orchard Acquisition Company is a newly formed company owned by an investor group led by DLJMB, which also includes the senior management of Peach Holdings, Credit Suisse, LLR Partners and Greenhill Capital Partners.

Life Policy Dynamics, LLC, (“LPD”) an outsource servicing solution for the secondary life insurance market, announces the completion of its third quarterly market analysis of the life settlement industry. The LPD market analysis provides life settlement funders and premium finance lenders an independent summary of economic values for life policies recently traded in the secondary market. The analysis is based upon a sample of actual transactions completed during the third quarter of 2006. Valerie Coffey, Director of Operations, presented this market analysis on October 26th at the annual BVZL Conference in Dortmund Germany. She will also be presenting it at the Life Insurance Settlement Association (LISA) conference in New York on Wednesday, November 29th at 1:30 PM.