Life Settlement News

September 9, 2009: Fasano Associates released the Agenda for its 6th Annual Life Settlement Conference, to be held on Monday, October 26, 2009 at its headquarters in Washington, D.C.

A number of insurers saw their risk-based capital ratios and statutory surplus levels soar last year because of accounting breaks they received from their respective state regulators, according to a new report from Moody’s Investors Service.

The National Association of Insurance Commissioners will hold a public hearing to discuss a proposal that would ease reserve requirements for life insurance companies.

(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.

The Peninsula Group, LLC (“Peninsula”) announced today that Jose Garcia has joined their management group as a Senior Advisor.

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.

After much anticipation the SOA/AAA Valuation Basic Table Team, a subgroup of the Preferred Mortality POG, has completed their work on the 2008 VBT.

Value Life Corporation (VLC), a premier provider of actuarial and advisory services to the life settlement and premium finance industries, announced today the launch of Instant On-Line Valuation™.
Instant On-Line Valuation™ is a web-based service which provides real-time calculations of actuarial values for
Life Settlement and Premium Finance transactions.

The Kentucky House of Representatives has taken an important
step to protect life insurance consumers with a ban on stranger originated life insurance (STOLI) schemes,
according to the Life Insurance Settlement Association. HB 348, unanimously passed last week, protects
consumers by succinctly and directly prohibiting initiation of life insurance for wager purposes—without rolling
back a policy owner’s property right to gain or utilize the market value of a properly initiated policy as he sees
fit.

The Life Insurance Finance Association applauds the adopted amendments to The National Conference of Insurance Legislators (NCOIL) Life Settlements Model Act, which was adopted unanimously, reflecting the collaboration of all parties.