May 28, 2008 by Administrator

Life Settlement Solutions, Inc. to Host First of Month-long Series of Events

SAN DIEGO–(BUSINESS WIRE)–Financial professionals interested in offering life settlements as a financial planning tool to senior clients often cite a lack of access to quality educational sources as a barrier to entering the growing secondary market for life insurance.

Life Settlement SolutionsLaunching June 1, Life Settlement Solutions, Inc. will host the third annual Life Settlement Awareness Month™ dedicated to educating financial professionals on the ins and outs of the life-settlement industry. Events offered during the month are free of charge, will be led by experienced individuals who are already working within the secondary market and will be geared toward financial professionals with all levels of experience.

“Agent Media and the Life Insurance Settlement Association’s recent 2008 Life Settlement Study showed 65 percent of financial professionals who are interested in life settlements have not entered the marketplace due to the challenges associated with finding quality educational sources,” said Larry Simon, CEO and president of Life Settlement Solutions. “Life Settlement Awareness Month is all about making sure professionals understand the industry, while providing comprehensive information on how to begin to get involved.”

The Life Settlement Fundamentals webinar will kick off Life Settlement Awareness Month June 3 at 10:30 a.m. PDT (1:30 p.m. EDT). The webinar will present an overview of the life-settlement industry and detail how to select a life-settlement broker or provider. It will also cover the current regulatory environment regarding life settlements and offer a step-by-step description of the transaction process.

On June 5 at 8 a.m. PDT (11 a.m. EDT), Life Settlement Solutions will offer for the first time, an investors-only webinar. This session will cover the risks and rewards of investing in the growing secondary market, while highlighting the uncorrelated nature, potential double-digit returns, portfolio diversification opportunities and high-credit rating of the asset.

Life Settlement Awareness Month will also feature an advanced strategies webinar, a market trends and regulations webinar, and two industry panels, as well as a continuing education course. The course, which is certified in all 50 states, will thoroughly cover the life-settlement industry and could count for up to eight credit hours of life insurance licensing continuing education

Interested financial professionals can sign up for Life Settlement Awareness Month webinars and access the certified continuing education class by visiting www.lifesettlementawarenessmonth.com. Those looking for more information can contact Angie Robert of Life Settlement Solutions at 858/576-8067 or via e-mail at arobert@lifefirms.com.

If you are looking for additional conferences and shows that will provide life settlement education visit: Life Settlement Conference and Life Settlement Magazine (coming soon) .

May 19, 2008 by Administrator

Life Insurance Settlement Association Concludes Its 14th Successful Spring Conference

ORLANDO, FL–(Marketwire – May 19, 2008) – On May 16th, the Life Insurance Settlement Association (LISA) successfully concluded its major bi-annual Spring Conference in Washington, D.C. The conference, one of 12 events to be hosted by LISA in 2008, drew its most diverse and engaged attendance to date. Garnering one of its largest attendances ever, LISA brought together professionals from every industry to take part in this preeminent life settlement event.

The 14th Annual Spring Conference focused on critical legislative, regulatory and financial issues in a variety of discussion-driven formats. Highlighted topics included new settlement law, funding, securitizations, taxation, and many others. Among the issues addressed, LISA targeted the increasingly contentious subject of stranger originated life insurance (STOLI). “LISA has long held that STOLI is a real threat to consumers in the marketplace and the Spring Conference allowed us to reinforce our position against this activity before members and non-members alike,” explained Doug Head, LISA Executive Director. In keeping with its commitment to the welfare and protection of consumers’ rights, LISA presented the “Consumer Freedom Award” to Representative George J. Keiser of North Dakota’s 47th District. Rep. Keiser, as Secretary of the National Conference of Insurance Legislators (NCOIL) and member of the NCOIL Life Insurance & Financial Planning Committee, has played an invaluable role in the legislative process to safeguard consumers’ rights in multiple new settlement laws.Life Settlements Association LISA

In addition to participating in expert-led discussion panels, LISA members were invited to the 2008 LISA Board of Directors Election. This year’s Board election drew 11 candidates vying for 6 seats. The candidates, representing a variety of industry segments, brought a wealth of background experience in the settlement market. Of the 6 seats, 5 were filled by returning board members and 1 by a new member. LISA welcomes Mark Goode, CEO of LISA member company Peninsula Insurance Capital, LLC, as the newest member of the Board of Directors and looks forward to his contributions. Returning Board members included: Michael Fasano of Fasano Associates, Bryan Freeman of Habersham Funding, LLC, Scott Gibson of Lewis & Ellis – Actuaries & Consultants, John McCarroll of Q Capital Strategies, LLC, and Bill Potoczak of Mills, Potoczak & Company. These election results provided strong reaffirmation of LISA’s Mission, Standards and Bylaws which have guided the association to become the widely recognized “voice of the industry.”

Evidenced by this year’s conference attendance, the life settlement industry will continue to play a prominent role in the policy makers’ agendas, global financial markets, and for the consuming public. LISA has set an aggressive events calendar for 2008 and invites interested parties to learn more on their public conference website: http://www.lisassociation.org/public/conference/index.html.

More Life Settlement Conference Info. 

May 19, 2008 by Administrator

MIAMI–(BUSINESS WIRE)–Life-Exchange, Inc., (OTCBB:LFXG), the nation’s leading business-to-business online exchange for the life settlement industry, announced today its financial results for the nine months ended March 31, 2008 with revenue of $1,004,984 for the period, as well as net income of $332,128 for the same nine month period.

“Reaching revenues of over $1 million marks a very important milestone for Life-Exchange and we are extremely pleased that we can show our investors positive operating results,” commented David C. Dorr, Life-Exchange’s Chief Executive Officer and President. “The last nine months have been extremely productive for Life-Exchange and we will continue to aggressively execute on our business plan in order to realize the significant opportunities that the life settlement industry has to offer.”

The Company’s primary financial information is shown below, comparing the nine months ending March 31, 2008 with the nine months ending March 31, 2007. The discussion of the Company’s financial results should be read in conjunction with the Company’s consolidated financial statements and the notes thereto and the other financial information appearing in the Company’s Form 10-Q filing with the Securities and Exchange Commission. Continue Reading »

May 5, 2008 by Administrator

LISA Questions NAIFA and AALU Support of Carriers Over Producers and Consumers

ORLANDO, FL–(Marketwire – May 1, 2008) – The two major associations representing insurance producers have enthusiastically endorsed legislation in several states that harms consumers, producers and the insurance industry as a whole. In doing so, both the National Association of Insurance and Financial Advisors (NAIFA) and the American Association of Life Underwriters (AALU) raise serious questions about their independence and ability to serve their members.Life Settlements Association

Despite ongoing controversy over the legislation, both NAIFA and AALU continue to actively support state bills based on the profoundly flawed National Association of Insurance Commissioners (NAIC) Viatical Settlements Model Act. A recent article in California Broker Magazine asserts that this support, which is in direct conflict with the interests of producers, is due to the fact that both organizations are economically beholden to life insurance companies. The article details how AALU’s advocacy arm is dominated by carriers and how financial contributions from major insurers prompted NAIFA to reverse its position on key provisions of the NAIC Model and adopt a patently anti-consumer and anti-producer stance.
Continue Reading »