Secondary Life Capital Expands Life Settlement Acquisition Opportunities
WASHINGTON D.C. — Secondary Life Capital, LLC (SLC) announced today that the State of Mississippi has granted their life settlement provider license. In addition to Mississippi, SLC was recently awarded a life settlement provider license in both Texas and Tennessee. Founded in 2003, the Washington DC based firm is a leading provider of life settlements and life settlement portfolios to institutional investors worldwide.
“SLC has accelerated pursuit of licensure in every regulated jurisdiction and we remain dedicated to compliant leadership within the life settlement investment marketplace,” commented Mark Goode, CEO and founder. “We are pleased the additional licensure allows SLC to provide a life settlement opportunity to more senior insured consumers than ever before.”
SLC is known within the industry for its strong support of responsible and balanced life settlement regulation. Through the focused efforts of its General Counsel (Jolene D. Fullerton), SLC has been at the forefront in cooperating with LISA, NCOIL and the NAIC to develop and promote suitable legislation ensuring the long-term health and growth of the life settlement market.
About Secondary Life Capital
SLC is a subsidiary of The Peninsula Group, LLC (Peninsula). Peninsula is an innovative and integrated provider of investment products and services focused on the secondary life insurance market. In addition to SLC, Peninsula’s operating companies include Life Policy Dynamics, LLC (policy evaluations, servicing and portfolio management) and Premium Life, LLC (premium finance origination). Also within the group, Peninsula Insurance Capital serves as a manager of investment funds dedicated exclusively to the asset class. Together, the Peninsula companies serve all institutional investor requirements within the life settlement and premium finance markets.
More Life Settlement Information
Source: Business Wire
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