Yesterday I read a life settlement article, actually a press release about Legacy Benefits, a Life Insurance Settlement Provider, who had a very successful 2007.
Legacy Benefits Corporation has announced that it had concluded its most successful year in 2007, more than doubling its business results in life [...]
In the Life Settlement Industry, a life expectancy (LE) is a commonly used report for pricing an insured policy. There are a few third party life expectancy companies that generate these reports. They are 21st Services, AVS, Fasano, EMSI, ISC, and few smaller firms. The press release is an update from Fasano.
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BOYNTON BEACH, Fla.–(BUSINESS WIRE)–February 25, 2008–Peach Holdings, Inc. (”Peachtree”) announces that it has closed on a credit facility of $950 million for the acquisition of life settlement assets. James Terlizzi, Peachtree’ s CEO said, “We are delighted that we have been able to conclude this transaction and are eager to continue the acceleration of our [...]
Rules proposed for ‘death bonds’
Life insurance policies sold to third parties
The financial industry that surrounds the trading of life insurance policies — a practice that allows third-party investors to collect money when a person dies — is growing. With its pending bill in Olympia, Washington joins 23 other states with a proposal to put stricter [...]
LIFE INSURANCE - On Wednesday, the Senate Banking, Finance and Insurance Committee will examine the growing life settlement market, which involves the sale of life insurance policies from the original buyer to a new beneficiary for more than the cash value offered by the insurance company.
Among other things, the committee wants to know if senior [...]
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