Archive for May, 2008


Life Settlement Solutions Announces 2008 Life Settlement Awareness Month™ Events


Tuesday, May 13th, 2008


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Financial professionals looking to learn more about life settlements are often challenged with finding comprehensive educational materials that offer significant insight into the secondary market.

To help professionals who wish to incorporate life settlements into their business practices, Life Settlement Solutions, Inc. is hosting the third annual Life Settlement Awareness Month in June 2008. Life Settlement Awareness Month is dedicated to providing life settlement education to industry professionals who are seeking to increase their knowledge about the evolving marketplace and gain access to important educational tools.




Scarcity of Short-Life-Expectancy Policies Makes Ramping Up Portfolios Challenging


Friday, May 9th, 2008


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Accumulating a sizable pool of life settlement policies in a timely fashion for securitization remains a growing challenge due to the limited supply of policies with short life expectancies, experts say.

This limited number means the period it takes to build a portfolio or the ramp-up period could be extremely long and costly for the investor, said Emmanuel Modu, managing director and global head of structured finance at A.M. Best Co.




Announcing Rumson Capital’s Executive Team


Friday, May 9th, 2008


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Effective May 12, 2008, Rumson Capital L.P., an independent life settlement company that offers unique services to those seeking to maximize their financial assets, announces the addition of Todd P. Shelbaugh. Mr. Shelbaugh, formerly Vice President of National Wealth Advisors’ in Naples Florida, will assume the role of Executive Vice President.

Mr. Shelbaugh brings with him a wealth of knowledge about the insurance industry, life settlements, and financial planning. He will provide Rumson with additional depth in satisfying the needs of high net worth individuals.




Advanced Underwriting Solutions Awarded Preferred Vendor Status by BlueCrest Life Settlements I Fund


Wednesday, May 7th, 2008


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Advanced Underwriting Solutions, Inc. (AUS) announced today that it has been named the preferred vendor of life expectancy medical underwriting for BlueCrest Life Settlements I Fund, a fund for which BlueCrest Capital Management L.P. acts as investment manager (BCMLP).

We are excited about the relationship we have developed with BlueCrest. They are the quality of clientele to which we are most interested in providing our services, said Traci Davis, AUS President. AUS takes pride in the level of expertise conveyed in our LEs and we feel our assessments and customer focus meet the needs of discriminating funds that expect the very best.




CMS I and CMS II Premium Financing Programs Hit Record Levels


Monday, May 5th, 2008


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CMS, Inc. announced that placement of its CMS I and CMS II premium financing programs hit record levels for the first quarter of 2008. President and founder of the CMS group of companies, Mr. Julian Movsesian, said, “We have been placing significant amounts of life insurance all year and April has continued the trend.” He attributed the increase to stable funding and creative insurance designs. “We are writing more life insurance and financing it than ever before.”

 




The Facts About Premium Financing of Life


Monday, May 5th, 2008


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Life insurance premium financing is a tool, offered from a premium finance company, that an individual with substantial assets uses to cover the upfront costs and premium payments on a life insurance policy. Individuals often choose this course if they require a large amount of life insurance and do not want to pay the out-of-pocket costs. Premium financing makes the most sense when an individual wishes not to liquidate high yielding assets to cover the costs of a life insurance plan.









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