View Full Article
The recent volatility and uncertainty in the financial markets world wide is driving investors to seek out safe, secure, alternative investments. “We are seeing a flight to safety and Investors from around the world are finding it in Life Settlements,” says Andrew Murphy of Mosaic Management Group, a company specializing in the distribution and management of Life Settlement portfolios. The returns from US Life Settlement policies are not tied or correlated to financial or real estate markets. “Confronted with massive consequences of the subprime crisis are these the bluntly inestimable advantages compared to all classic investment alternatives,” says Dr. Heinz Kubli from Fundabilis Group, Zurich.

View Full Article
California Gov. Arnold Schwarzenegger has vetoed a bill that would have created a regulatory framework for life settlements. The bill, SB 1543, would have enacted the Life Settlement Consumer Protection Act. Life settlements are transactions in which a policy owner sells the coverage to a third party.

View Full Article
“Senate Bill 1543, based on model legislation developed by the National Conference of Insurance Legislators, would have provided a strong regulatory framework for the growing life insurance settlement industry in California starting in January 2009. The bill was recently passed by the California Legislature with the near unanimous consent of each chamber and was supported by nearly every life insurance and life settlement company and their respective trade associations, as well as several consumer groups, including the AARP.

View Full Article
“We are proud to complete our first profitable year. I believe the fact that we have reached profitability just two short years since our launch in 2006, is a true testament to the services that we offer and to the value we bring to our customers and the secondary life settlement market,” commented David C. Dorr, Life-Exchange’s Chief Executive Officer and President.

View Full Article
BCAJ Investments West, Inc. recently announced the creation of a new investment pool to exclusively seek returns from the purchase of life insurance policies, also known as life settlements. The Omega Life Settlement Fund LLC expects to reach 12-15% returns annually through the purchase of existing life insurance policies from high net worth individuals who no longer want or need their policies. The fund does not depend on stocks or other volatile and high-risk assets.

View Full Article
“Senate Bill 1543, based on model legislation developed by the National Conference of Insurance Legislators, would have provided a strong regulatory framework for the growing life insurance settlement industry in California starting in January 2009. The bill was recently passed by the California Legislature with the near unanimous consent of each chamber and was supported by nearly every life insurance and life settlement company and their respective trade associations, as well as several consumer groups, including the AARP.

View Full Article
Examination Management Services, Inc. (EMSI), a leading provider of comprehensive underwriting solutions to the life insurance and life settlement industries, is pleased to appoint Robert G. Miller as managing director of the Underwriting Services division. In this position, Miller will focus on expanding the company’s solid growth in the life insurance market and the rapidly developing life settlement market. He will be based in Chicago, IL and will report to Robert Brook, EMSI’s executive vice president and chief development officer.

View Full Article
Milestone Managers & Providers said last week it has gained approval of its life settlement provider licenses in Hawaii. Milestone is the first life settlement provider licensed in Hawaii after the revisions made in June to Hawaii’s life settlement statute.