Life Partners Holdings, Inc. to Begin Trading on NASDAQ Global Select Market

Read article: Life Partners to begin trading on NASDAQ Global

Life Partners, which began publicly trading on the OTC Market in 2000, is the world’s oldest and one of the most active companies in the United States engaged in the secondary market for life insurance policies, commonly called “life settlements”. Since its incorporation in 1991, Life Partners has completed over 84,000 transactions for its worldwide client base of over 20,000 high net worth individuals and institutions in connection with the purchase of over 6,000 policies totaling over $1.7 billion in face value.

For most Life Agents, Life settlements can offer you another tool to help your clients properly manage their wealth. Once you determine that a life policy no longer fits your client’s current or future needs, you can offer a valuable service by facilitating a conversion of that life policy into cash. By cash we mean a considerable amount over the current cash surrender value (CSV). With the cash they earn from a life settlement, clients may reinvest in such products as fixed or variable annuities, long term care insurance, stocks, bonds, or mutual funds. Other investment tactics may used to secure assets depending on the current market condition. Should the insured see fit, clients may also purchase a new life insurance policy with better or more affordable terms that may be better in the long run. Clients tend to prefer this approach when the premiums become reduced.  So the above products that can be combined with a life settlement offer even additional commission and revenue streams.

Currently all types of life insurance will be considered. The following categories, however, will take priority.  A second to die policy where one of the insureds is already deceased. A key-man corporate life insurance policy from a company who make be looking to create assets and distribute cash. A term policy that is convertible into a universal life policy for any insureds over the age of 70. Commission to the agent representing the client in the settlement is usually in the 1-3% range of the face value. Please check with your broker or funder for the exact commission structure.

Call 1-888-973-8377 today and start earning large life settlement commissions.

Creative Life Insurance offers info about maximizing term insurance policies.

Coventry First said it has opened a London office and hired two managing directors, including former Deutsche Bank investment banker Michael Crane.

Besides Crane, the company also has hired Simon Erritt, according to Sheylea Graybill, director of marketing for Coventry.

Crane was previously managing director for longevity derivatives for Deutsche Bank. He left the bank in October.

Coventry is based in Fort Washington, PA.

More Life Settlement Business related updates.

Potter Anderson & Corroon LLP in Wilmington announced it has elected David E. Moore and Michael W. Whittaker as partners. Both were previously associates at the firm. Moore, a graduate of the University of Virginia, Arizona State University and Temple University School of Law, is a member of the firm’s litigation group and concentrates his practice in intellectual property litigation, products liability defense, utility and railroad representation, and real estate litigation. He also has experience in representing corporate clients in alternative dispute resolution proceedings. Whittaker, a graduate of University of Cincinnati and Seton Hall University School of Law, is a member of the firm’s business group and focuses primarily on advising clients regarding the formation, operation and dissolution of Delaware alternative entities, including limited liability companies, statutory trusts, partnerships and special purpose corporations, and their use in complex business and commercial transactions. In addition, he acts as Delaware counsel to banks, trustees and other financial institutions involved in structured finance transactions, securitizations, life settlement and insurance premium finance transactions, and other lending and finance transactions.

To learn about premium finance, vist Premium Finance Life.

To learn about life settlemetns, visit Life Settlement Info.

Life settlement contracts outstanding increased by $781,180, or 36%, as compared with the three months ended September 30, 2007. The interest rate on these contracts was constant over the two periods, resulting in an increase in interest income as compared with the three months ended September 30, 2007.

ABOUT AMERITRANS CAPITAL CORPORATION
Ameritrans Capital Corporation is an internally managed, closed-end investment company that has elected to be regulated as a business development company (”BDC”) under the Investment Company Act of 1940, as amended. Ameritrans originates, structures and manages a portfolio of secured business loans and selected equity investments. Ameritrans’ wholly owned subsidiary Elk Associates Funding Corporation is licensed by the United States Small Business Administration as a Small Business Investment Company (SBIC). The Company maintains its offices at 747 Third Avenue, 4th Floor, New York, NY 10017.

This is good news for the Life Settlement Industry, and a good call to action from Mr. Fasano. The recent changes in mortality and life expectancy reports put a strain on the industry. Not just for current policies that offered on but on previously purchased policies where investors may have to recalculate their investments.

The head of a Washington, D.C., underwriting firm is calling for more transparency among life expectancy underwriters.

Michael Fasano, the president of Fasano Associates, made the call proposing best practices standards for life expectancy underwriters during his company’s fifth annual life settlement conference. Fasano Associates serves the life, health, and life settlement industries.

Fasano called on the underwriters to retain qualified, independent actuarial firms to conduct regular analyses of actual to expected accuracy in a standardized format to allow more meaningful comparisons among professionals.

“We need more transparency in our industry if we expect to attract investment capital,” Fasano said in a statement. “Life expectancy underwriters have taken a lot of criticism recently – some legitimate and some not. But for our industry to move forward, we have to put our performance out there for review. Investors simply will not tolerate a secretive attitude any longer.”

Other speakers at the conference included Alan Buerger, CEO of Fort Washington, Pa.-based Coventry and Michael Barone, senior writer at U.S. News & World Report and a Fox News political analyst.

Life Partners Holdings (LPHI) also reversed. It shed 1.54 to 39.52 in heavy trading. The broker of life settlement contracts reversed from a near record high of 42.26.

James Lance, president of Life Settlement Specialists LLC satisfied legal and compliance requirements to broker life settlements through Credit Suisse’s Life Finance Group.

Browndorf PEM, LLC, an emerging hedge fund manager in Newport Beach, CA, recently launched an alternate asset class of Browndorf Life Settlement Fund to manage longevity based portfolios or life-linked assets such as senior life settlements.

Advanced Settlements, a national leader in the life settlement marketplace now offers and a new funding option where you and your client can now participate in Life Settlements and ensure full personal and medical redaction. The platform is call Institutional Life Services (ILS).

More more news and updates, visit the following resources:
Life Settlement Info Blog - A news and information related blog.
Life Settlement License - License and Regulation News
Life Settlement Conference - Conference and Industry Events

It was completed by Howard Freedland of Global Life Underwriting and is title Morbidty versus Mortality.

Read it:

Life Expectancy White Paper Report posted at Life Settlement Info

More news and updates are always coming here at LifeSettlementPro.com/news/.

Location is Washington D.C., this is 2 day event but due to the current economic conditions, this is a show you do not want to miss.

More info and agenda:
LISA 14th Annual Fall Conference

Before you go to LISA, check out the other Life Settlement Conference in DC:
Agenda for November Life Settlement Conference

Life Settlement Association Disappointed With Gov. Schwarzenegger’s Veto of Life Settlement Legislation

Life Insurance Settlement Association (LISA) Executive Director Doug Head issued the following statement today in the wake of California Governor Arnold Schwarzenegger’s veto of SB 1543 (Sen. Machado).

LISA appreciates the Governor’s commitment to bringing all concerned parties together soon in order to pass revised legislation that regulates life settlements and addresses STOLI. LISA and its member companies remain committed to working with legislators, life insurers and consumer organizations on this legislation in order to secure California consumers’ rights and protect against those who would harm the state’s seniors and violate the state’s insurable interest laws.

LISA would like to extend its gratitude to retiring Senator Mike Machado (D - Linden), the author of the bill, and Assemblyman Joe Coto (D - San Jose). These two legislative leaders and their staffs were vigilant in their efforts to see the strongest life settlement and anti-STOLI law adopted in California.”

More info about bill:
California Life Settlement Legislation