Life Settlement News

Life-Exchange, Inc., (OTCBB:LFXG), the nation’s leading trading platform for the life settlement industry, announced today its third quarter 2009 financial results for the three months ended March 31, 2009.

Life-Exchange, Inc. (OTCBB: LFXG) announced today an exclusive joint venture with MediSummary. MediSummary is a specialty medical underwriting firm with a focus on the life settlement and premium finance market. Founded in 2006 by Cristina Fossati and headquartered in Coral Gables, FL the firm counts more than 50 different financial institutions as clients. Beginning February 1, 2009 Ms. Fossati and her team will begin offering their services exclusively through Life-Exchange.

Yesterday the board of directors for Life Partners Holdings, Inc. (LPHI) authorized the buyback of as much as one million shares of its own stock.

(OTCBB: LFXG) announced this morning the launch of their new bi-monthly life settlement and longevity markets trade report. The Life-Exchange Trade Report features valuable information on the growing life settlement and longevity risk markets. Data includes volume statistics, trade data, yields and other key industry specific data. The proprietary data and analysis is based on a compilation of trade data from Life-Exchange’s auction platform, industry participant surveys, government statistics, and public sources.

Life-Exchange member, European Life Settlements Management announced today the launch of their new Luxembourg based life settlements fund, the European Life Settlements Fund. Under the supervision of the Luxembourg Financial Authorities the fund will provide investors with the much needed transparency and regulatory oversight necessary to successfully invest in life settlements.

(OTCBB:LFXG) the nation’s leading online business-to-business exchange for the life settlement industry, announced today its financial results for the fiscal year ended June 30, 2008 with revenue of $1,294,596 and a net income of $332,128 for the same 12 month period.

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.

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.

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.