Life Settlement News

The Goldman Sachs Group, Inc. (NYSE: GS) today announced that it has launched the first index that will allow market participants to measure, manage, and trade exposure to longevity and mortality risks in a standardized, transparent, and real-time manner.

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.

LISA
The month of September will offer a unique opportunity for producers and brokers in the burgeoning market of life settlements. The Life Insurance Settlement Association is presenting a day long Producer Seminar on September 24th and a day-long Broker Summit on September 25th in sunny Orlando, Florida. The producer seminar offers life insurance professionals from all industry segments a singular opportunity to expand their professional portfolios.

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.

Mr. Mark Ross, Chairman of the Board of Governors and Chief Executive Officer of the American Life Insurance Congress (ALIC or the Congress) and Chairman, President and Chief Executive Officer of Mark Ross and Co., Inc. announced today, on behalf of the entire Board that Mr. Harry P. Kamen, formerly Chairman and Chief Executive of the Metropolitan Life Insurance Company has been elected to the Board of Governors of the Congress.

In a significant reversal of its previous position, the Superior Court of Orange County ruled that life insurance industry innovator Mark Ross cannot be prevented from engaging in public dialogue about the business practices of Mutual Credit Corp. [MCC], an Irvine, Calif.-based premium finance agency that Mr. Ross alleges has defrauded seniors out of hundreds of millions of dollars in life insurance protection. The decision continues the successful advance of Mr. Ross’ efforts to “clean up” abusive practices in the life insurance industry.

Life settlements, bank insurance, and consumer motivation are just some distribution and marketing topics on slate for the fifth annual Life Insurance Conference, April 16-18, 2007 at the Westin Peachtree Plaza, Atlanta, GA.

The Life Insurance Finance Association (LIFA) board of directors voted today to open its membership to insurance producers, agents and financial advisors.
Under the revised dues structure, professionals involved in the sale of life insurance and who act as advisors to consumers who purchase life insurance are invited to join the growing membership of the association.

The life insurance industry is facing a change in the way investors, agents and individuals respond to the increasing availability of financial and medical information, according to a new study by Conning Research & Consulting, Inc. New advances in medical technology and the availability of medical, genetic, and lifestyle information increase the threats of antiselection and arbitrage in life insurance, but also present opportunities for insurance companies.

Marvin Margolis, an 80-year-old Manhattan financial consultant, is looking for investors willing to bet on when he will die.

Two years ago, Mr. Margolis bought a large life insurance policy. Now, he’s considering selling it to a group of investors, a deal that should give him as much as $2 million to enjoy in his final years. In return, the investors will get the policy’s $7 million payout when he dies — which they hope will be soon, so they can stop paying his premiums.