Life Settlement News

Consumer and industry must benefit equally in life settlement legislation. That was the message behind a recent web-based seminar focusing on the National Association of Insurance Commissioners (NAIC) Viatical Settlement Model Act governing the life settlements field, which brought together recognized legal, financial and industry experts.

The newly designed Web site for Life Settlement Awareness Month, presented by Life Settlement Solutions, offers financial services and insurance industry professionals educational resources to better serve their clients.

ISC Services is pleased to announce its role as a preferred Life Expectancy Provider to First Equity Benefits of America Inc., a leading Life Settlements firm with offices in New York City and Toronto.

Integrity Capital Partners/ Integrity Settlement Group (Bethesda, MD), announced today a major new initiative aimed at expanding its capabilities and client service offerings. As part of this initiative, Integrity has moved into a new 5,000 sq. ft facility in Bethesda, a stones throw from the Nation’s Capitol.

North Dakota last week became the first state to adopt a more stringent statute regulating life settlements, with special emphasis on stranger-originated life insurance. Other states may follow, making life settlements a less attractive option for adviser clients who want to sell or invest in life insurance policies, industry observers say. Life settlements are the sale of life insurance policies by policyholders to third-party investors.

Life settlements continue to generate controversy, but continue to be popular, viable solutions for some of today’s consumers.

ISC Services www.iscservices.com  is pleased to announce that after careful and thorough analysis, Secondary Life Capital, LLC, a premier Life Settlement Provider based in Washington DC, has chosen ISC Services as a preferred Life Expectancy Provider.

Managing Partners (MPL), the Cayman Islands-based fund management group that invests in traded life policies, has launched a new sterling share class of its Traded Policies portfolio, the GBP Growth Class.

Ever Diversifying Its Bets, Wall Street Is Investing in Life-Insurance Policies

Your life insurance is meant as a hedge against personal tragedy. Wall Street increasingly wants to invest in it like a security.

A wholesale fund that enables investors to gain exposure to life insurance policy settlements is now available in Australia.

The fund works like a fixed interest investment as the portfolio managers trade life settlements on the secondary market where the policies are sold at a discount to each policy’s face value.