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Milestone Providers announced today the approval of their life settlement provider licenses in the states of Hawaii and Montana. Milestone is the first life settlement provider licensed in the state of Hawaii after the revisions made in June of this year to Hawaii’s life settlement statute. Milestone received the Montana provider license earlier in the week, and is now able to transact business in 40 states, including non-regulated states.

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The Lifeline Program, a provider of senior life insurance settlements, has announced the creation of Track-Life, a new free-standing tracking services company to meet the growing needs of companies that are managing new or existing portfolios of insurance policies obtained through life settlements.

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A Major American Insurer often runs ads that talk about how rapidly life can change. The Life Insurance Settlement Association, the voice of the industry, has always been aware of this fact. This is part of the reason it has so vigorously resisted efforts by insurers and some regulators to constrain consumer rights for a fixed period in the settlement market based on “indicative circumstances” rather than facts. With change, more consumers than ever may find themselves seeking a life settlement. Economic life for many consumers changed radically last week and life settlements are an option worth reviewing as many American families adjust plans.

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Executives at The Lifeline Program(R) today announced the creation of a free-standing tracking services company to meet the growing needs of companies that are managing new or existing portfolios of insurance policies obtained through life settlements. The new company, Track-Life(TM) will immediately begin offering tracking services that leverage The Lifeline Program’s nearly 20-years of experience in tracking and servicing life settlement policies.

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Finance For Life provides life insurance premium financing solutions to life insurance producers, general agencies, financial advisors and individuals. In addition, Finance For Life assists with agent case processing, case consulting, sales assistance and life insurance sales. Amongst its many product lines are loans for all ages, including comprehensive solutions for ages 20 to 69, hybrid loans for those 70 and older and the Beat The Street compensation program for producers.

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Scottsdale based NuInvest, LLC announces a strategic marketing partnership with the premier European financial engineering firm Life Settlement Advisors. This alliance finally bridges the gap between the US and European life settlement investment markets, to bring a deeper understanding and needed relief to investors internationally.

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As more baby boomers retire, opportunities are growing forregistered reps to sell life insurance policies directly to lifesettlement companies, cutting out life insurance settlementbrokerage firms. Financial advisors and brokers typically get amuch nicer chunk of the enormous commissions on theproducts–which can go as high as 30 percent of the policypurchase price–when they act as the broker on thesedeals.

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Many people count on life insurance to provide them with peace of mind and to help ensure that their loved ones will be financially secure no matter what the future may bring. Unfortunately, in a relatively new scheme called Stranger Originated Life Insurance, investors are preying on seniors and misusing life insurance for their own gain.

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Global Secured Capital (”Global”) has closed a new $150 million funding facility (the “Facility”) for premium finance loans. The Facility will fund loans secured by life insurance policies issued by sixteen carriers that have approved loans funded by Global in the United States. Global’s lending program is fully disclosed to and approved by each carrier issuing the life insurance policy.

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Imperial Finance & Trading, LLC, a leader in premium finance for life insurance, life insurance sales and structured settlements, provides a new look at life insurance premium financing.
“There has been a substantial shift in the demographics of clients who are now buying life insurance, with purchases at older ages now exceeding the overall demand for life insurance,” explained Deborah Benaim, Senior Vice President, Retail Premium Finance.