Life Settlement News

Legacy Benefits Corporation a recognized leader in the life settlement
industry, announces the closing of the transaction of a strategic partnership with Mofet Holdings, Ltd. which
aims to broaden Legacy’s role as principal in the origination and trade of life insurance settlements and
portfolios. As part of this new alliance, Mofet U.S. Holdings, Inc., a subsidiary of Mofet Holdings, Ltd., acquired
for cash a 50 percent interest in Legacy Benefits, LLC, a newly formed subsidiary of Legacy Benefits
Corporation. Mofet Holdings is a subsidiary of Kaman Holdings, both public Israeli companies with investments
in a wide range of business sectors worldwide.

This joint venture is just the first step in a goal to provide an end to end solution to the life settlement industry.

Value Life Corp(VLC) and Chapman, Hext & Co., P.C.. (CH&Co) have formalized a joint venture to bring VLC’s software and actuarial resources and CH&Co’s back office and accounting expertise to investors with all sizes of portfolios.

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.

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.

Stroock & Stroock & Lavan LLP, a national law firm with offices in New York, Los Angeles and Miami, announced today that three partners from Brown Rudnick Berlack Israels LLP have joined Stroock. Boris Ziser is joining Stroock’s Structured Finance Practice Group and Albert J. Pinzón and Thomas R. Weinberger are joining Stroock’s Insurance Practice Group.

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.

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

New trade association formed to encourage best practices and growth of the mortality and longevity related marketplace

Earlier today top investment banks announced the launch of the Institutional Life Markets Association, Inc. (ILMA), a not-for-profit trade association formed to educate consumers, investors, and policymakers about the benefits of the mortality and longevity related marketplace. ILMA seeks to establish industry best practices and disclosures, to encourage standardization of documents, and to advocate for the appropriate regulation of the rapidly evolving life settlement and premium finance marketplace. These industries provide seniors with choices with regard to the economic value of their life insurance policies while still alive.

Peachtree Life Settlements was recently appointed as an approved originator and servicer for a large German life settlement fund. This fund is the most recent in a series of funds marketed and managed in Germany by the fund initiator which is part of a multi-national European banking giant.