Rumson Capital Announces Company Growth as a Result of Full Disclosure; Rumson Capital’s Volume Increases 100 Percent Since Announcing Full DisclosureJENKINTOWN, Pa.–(BUSINESS WIRE)–May 25, 2006–As a direct result of being the first life settlement company to offer full disclosure of highest-bid life settlement transactions from financial institutions to brokers regardless of regulatory requirements, Rumson Capital has announced that its volume has increased by 100 percent in the past month. By offering full disclosure on life settlement transactions, Rumson Capital is fully revealing to brokers exactly how much the highest bid from the financial institution is, as well as the commission that the company will be receiving on the transaction.

Rumson Capital has received praise from brokers and financial planners alike in this new endeavor. Now, brokers working with Rumson Capital on life settlement transactions are better equipped to determine the right course of action for viators. One of the most challenging issues brokers face when negotiating a life settlement is the lack of transparency – i.e., what is the offer and where is it coming from. Because the industry’s reputation has been plagued with controversy, in anticipation of increased regulatory scrutiny, Rumson Capital is raising the bar in the life settlement industry, in the hopes of encouraging more life settlement companies to offer full disclosure.

“As soon as we announced that we would be offering full disclosure of life settlement transactions, we received an overwhelmingly positive response from the brokers,” said Robert Meyer, vice president and general counsel of Rumson Capital. “The life settlement industry is being scrutinized because regulators realize that there is a lot of ambiguity. If we can help motivate other companies to offer full disclosure and compete fairly, we will be making greater strides to help make retirees’ wealth work better and harder and, ultimately, optimizing their quality of life.”

ORLANDO, FL — (MARKET WIRE) — 05/23/2006 — The Life Insurance Settlement Association announced a new public information service that addresses proposed taxation of investment in life settlements. As a public service, LISA will offer regular updates “on proposals which would sharply conflict with the value consumers have found in the settlement of their life insurance,” such as that being proposed currently in Congress.

A life settlement is the sale to a third party of an existing life insurance policy for more than its cash surrender value but less than its net death benefit. Such transactions are usually undertaken for the purposes of estate or financial planning.

“This initiative is designed to allow us to communicate with all interested parties about emerging tax proposals which would devalue life insurance for hundreds of thousands of Americans,” says M. Bryan Freeman, president of the Association’s board.

“Various stakeholders tell us they are aware of and concerned about proposals in (Congressional) tax-writing committees to levy an excise tax of 100 percent on the costs of policy acquisition by investors in settlements,” Freeman adds. “These proposals have been identified at various times in recent months in revenue measures passed by the Senate.”

As reported in mid-May, Congress has passed tax-cut legislation which left undecided the issue of an earlier (life settlement-related) proposal circulated by tax writers. That proposal, which was included in a measure sent by the Senate to conference committee, would have taxed investor-owned policies, including those owned by charities, at punitive rates. The proposed taxes were to be levied on the investment in the policy, not directly on the seller of a policy, which would have masked the effect of this tax on policy sellers and the public.

“Even with that bit of clever obfuscation, the effect would be no less damaging for consumers,” says LISA Executive Director Doug Head. “In fact, the costs were such that there would be few, if any sales in this market as no investment dollars would come into play.” He also disputes the Congressional “score” or estimated revenue raised from the tax by the proposal, noting that, the 100 percent tax would effectively stop industry activity and result in no revenue to the U.S. Treasury.

“Right now, this industry brings many millions in taxes (to the Treasury) which would go away if this proposal were to pass,” Head says. “Though some think that the 100 percent tax would somehow raise revenue, this is like expecting revenue from a 100 percent tax on investment in gold coins. Every time you buy a coin, you have to give one to the Treasury. Who would buy? The coins have value, but if any investment is taxed at this exorbitant rate, it stops.”

Head says LISA will encourage interested persons to sign on to its site for regular updates about the measure as it is considered by Congress. As it stands now, possible “trailer tax cut legislation” — trailing the original bill, is to be attached to must-pass legislation on pension reform, he notes.

Founded in 1995 and now composed of 108 member companies, the Life Insurance Settlement Association is America’s oldest and largest trade association in its industry. LISA’s mission is to promote the development, integrity, and reputation of the life settlement industry and to facilitate a competitive market for consumers. For further information: www.lisassociation.org.

Source: Life Insurance Settlement Association Â

Trinity Financial Services, LLC recently attended the Connecticut Financial Planning Association (FPA) Conference and realized that there is still a significant need to educate Life Insurance Agents and Financial Planning Professionals regarding all aspects of Life Settlements. Unfortunately, a lack of understanding about the Life Settlement process prevents many Insurance and Financial Professionals from utilizing this valuable financial option for their senior clients.

Altamonte Springs, FL, May 17, 2006 –(PR.COM)– Trinity Financial Services, LLC, a full service Life Settlement Brokerage firm attended 2006 FPA Connecticut State Conference at the Aqua Turf Club in Plantsville, Connecticut on April 26th. Representing Trinity Financial were Senior Account Managers, Craig Karem and Jeff Kaufman.

Although initially there to promote their Company, it became evident that although there was a general knowledge of Life Settlements, there was an overall lack of thorough understanding. After speaking with numerous Agents and Advisors, Mr. Kaufman stated, “many clients are missing out on this option, simply because their Agent doesn’t recognize all of possible opportunities when a Life Settlement can be explored” He continued, all day we kept hearing, “I just had a case like that and didn’t know that a Life settlement would work”

Mr. Karem acknowledged,  “although Life Settlements are gaining in popularity and acceptance, it is quite apparent that even some of the most basic intricacies are unknown” He continued to explain that although some of the attendees he spoke with knew about Life Settlements, few knew that a term policy could be liquidated on the secondary market.

Both Senior Account Managers concurred that although there are more and more inquiries from agents trying to gather information on Life Settlements, there is rarely an opportunity to educate those agents on some of the less commonly known details. They agree that the liquidation of a term life insurance policy is probably the most misconstrued knowledge about a Life Settlement.

About Trinity Financial Services, LLC

Trinity Financial Services has been assisting Financial Advisors, Insurance Professionals and their Senior Clients to sell existing Life Insurance Policies. They have also been instrumental in the education, growth and development of the Life Settlement Industry. For additional information on Trinity Financial Services, LLC or on Life Settlements visit www.trinityfinancialllc.com or call 866-870-8746.

LISA Announces New Life Settlement Information Services to Policymakers and the General Public

ORLANDO, FL — (MARKET WIRE) — 05/10/2006 — The Life Insurance Settlement Association is pleased to announce the release of its first newsletter: “The Voice of The Industry.” With this publication, LISA will introduce the life settlement industry and itself to legislators and policy makers and interested parties. “The Voice of the Industry” will provide a broad, issue oriented view of the life settlement industry and the timeliest related issues. In the first issue, which succinctly discusses a variety of emerging issues such as policy owner disclosure, the responsibilities of brokers and providers, and some of the issues related to the emerging premium finance controversy, LISA establishes its positions.

Given the rapid growth of the life settlement industry in the last decade, LISA has recognized the need for a newsletter that offers a platform for the legislator and layperson alike to stay abreast of the latest developments. “Now, more than ever, the policy-owning public needs a clear and decisive voice to speak on the importance of service this industry offers. The public should be given the opportunity to inform themselves on their policy options. This newsletter provides a forum for that effort,” declares LISA Executive Director Doug Head. LISA expects to release “The Voice of the Industry” as needed, but at least quarterly. Future issues will highlight industry positions, marketing efforts, legislation, and other timely issues.

The newsletter will be distributed, free of charge, to all interested in receiving it. To receive the newsletter, please visit: www.lisassociation.org/newsletter.

Founded in 1995 and composed of 108 member companies, the Life Insurance Settlement Association (LISA) is America’s oldest, largest, and most authoritative trade association in the life settlement industry. The mission of the LISA is to promote the development, integrity, and reputation of the life settlement industry and to facilitate a competitive market for consumers.

BOYNTON BEACH, Fla.–(BUSINESS WIRE)–May 8, 2006–Peachtree Settlement Funding (“Peachtree”) has relocated its Boca Raton, Florida offices to Boynton Beach, Florida. Management believes the move will help facilitate the anticipated future growth in Peachtree and its affiliates’ Structured Settlement, Annuity, Life Settlement, Lottery, Pre-settlement and Tobacco funding groups.

Peachtree’s new 50,000 sq. ft. offices are located in the former Boynton Beach Motorola Headquarters.

Founded in 1996, Peachtree Settlement Funding is a leader in the specialty factoring industry. Peachtree acquires a wide range of financial assets such as Structured Legal Settlements, Lottery Receivables, Life Settlements, Self-Owned Annuities and other types of deferred payment obligations.

Peachtree’s Chief Operating Officer, Tony Mitchell commented, “This is an important transition for us. We have outgrown our old offices and need the additional space to accommodate the anticipated future growth of our business.”