http://www.psilovouno.com/rss/breakingnews.xml This Newsfeed provides you with an up-to-date overview of news, press releases, comments and other messages that appear on the internet, as spotted by our team. Psilo Vouno Management Ltd. Ronald van de Langenberg http://www.psilovouno.com/Bnews.php?lang=en&article=14 By the end of June, New York may join the list of states that have passed laws to regulate the life settlements business.A bill drafted by the New York State Insurance Department was submitted in both the Senate and Assembly this month by Sen. James L. Seward, the Republican chairman of the Senate Insurance Committee, and Assemblyman Joseph D. Morelle, the Democratic chairman of the Assembly Insurance Committee."This is a top priority for Sen. Seward during this session," said Kristina Baldwin, counsel to the Senate Insurance Committee. "Currently, life settlements are unregulated in New York, and Sen. Seward believes that ... http://www.psilovouno.com/UserFiles/Image/183680_New York 973670_13293866.jpg Rosalyn Retkwa http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20080428/REG/196230213/1009/rss01&rssfeed=rss01 life settlements, STOLI, New York, Legislation Life Settlement Bill introduced in New York Rosalyn Retkwa http://www.psilovouno.com/Bnews.php?lang=en&article=29 Life Settlements are becoming more regulated and monitored throughout the financial services industry, and it is important to know the facts about life settlements. A life settlement, also known as a senior settlement, senior life settlement or life insurance settlement is the sale of a life insurance policy whereby the policy owner receives more than the cash surrender value of the policy.Many companies will say that Life Settlements are available to seniors over the age of 60. However, the truth is that if the individual is healthy or only has limited health issues, than that required age will need to ... http://www.psilovouno.com/UserFiles/Image/174047_Safe Harbor 878832_93829418.jpg Grant Shellhammer (LifeSettlementPro) http://ezinearticles.com/?expert=Grant_Shellhammer life settlements, investments The Truth about Life Settlements Grant Shellhammer (LifeSettlementPro) http://www.psilovouno.com/Bnews.php?lang=en&article=30 NEWPORT BEACH, Calif., April 30 /PRNewswire/ -- CMS, Inc. announced that placement of its CMS I and CMS II premium financing programs hit record levels for the first quarter of 2008. President and founder of the CMS group of companies, Mr. Julian Movsesian, said, "We have been placing significant amounts of life insurance all year and April has continued the trend." He attributed the increase to stable funding and creative insurance designs. "We are writing more life insurance and financing it than ever before." The CMS I program is known as the "gold standard" in the traditional premium financing ... http://www.psilovouno.com/UserFiles/Image/269663_dreamstime_90865.jpg CMS Inc life settlements, investments, premium finance, CMS CMS Premium Financing Programs Hit Record Level CMS Inc http://www.psilovouno.com/Bnews.php?lang=en&article=31 BETHESDA, MD, April 25, 2008—Maple Life Financial is pleased to announce that it has been granted a life settlement provider license by the Georgia Department of Insurance. Maple Life Financial is an experienced life settlement provider and has serviced the Georgia market for many years. Maple Life did business in Georgia as a provider before Georgia’s licensing laws were enacted in 2005 and continued to conduct business in Georgia under the grandfathering clause after the licensure laws went into effect. “Maple Life Financial proudly serves seniors across the country, including residents of the State of Georgia. We are gratified ... http://www.psilovouno.com/UserFiles/Image/233293_Maple leaves 948994_13082050.jpg Maple Life Financial http://www.maplelifefinancial.com/resources/news/2008PressReleases/2008-04-24GALicense.asp life settlements, investments, Maple Life, Georgia Maple Life Obtains Georgia Provider License Maple Life Financial http://www.psilovouno.com/Bnews.php?lang=en&article=32 Oregon's Department of Consumer and Business Services has proposed adopting rules that would require fingerprints of a person applying for issuance or renewal of a license as an insurance producer, insurance consultant, adjuster, life settlement provider or life settlement broker, in connection with a request for a state or nationwide criminal records check. According to the DCBS, the rules are needed to enable the Director to request complete criminal checks at the state or federal level and facilitate the Department's responsibility to ensure that license applicants under the Insurance Code meet all licensing requirements and to determine, with available ... http://www.psilovouno.com/UserFiles/Image/876419_Fingerprint.jpg DCBS http://www.cbs.state.or.us/ins/rules/attachments/proposed/criminalrecord_fingerprinting-notice.pdf life settlements, investments, life settlement broker, life settlement provider Oregon proposes Fingerprinting Rule DCBS http://www.psilovouno.com/Bnews.php?lang=en&article=33 The House of Representatives approved Wednesday a measure intended to strengthen regulation of a strategy that allows investors to benefit from the deaths of Oklahoma's elderly. Senate Bill 1980 would create the Viatical Settlements Act of 2008. The legislation gives the state greater regulatory power over a practice known as stranger-originated life insurance. The practice consists of individuals buying life insurance policies from the elderly, often paying only a fraction of the policy's value. In a typical transaction, the "investor” provides a financial inducement for a senior citizen to buy a policy on his or her own life, ... http://www.psilovouno.com/UserFiles/Image/349373_Oklahoma.jpg John Greiner and Michael McNutt, Capitol Bureau life settlements, investments, STOLI, Oklahoma, Legislation Oklahoma Bill limits investors in death John Greiner and Michael McNutt, Capitol Bureau http://www.psilovouno.com/Bnews.php?lang=en&article=34 SAN DIEGO, April 22 /PRNewswire/ -- Even as the housing slump sees home owners defaulting in record numbers and mortgage lenders writing off billions of dollars of bad loans, others are seeking the silver lining. Home prices are falling, and many consumers are betting that now may be the time to buy. These would-be home owners are finding, however, that buying their dream home might not be as easy as it was before the housing bust.Real estate agents, Robert Hamzey & Michelle DiCarlo of Villa Sotheby's International Realty in Del Mar, CA offer a novel solution to home buyers looking ... http://www.psilovouno.com/UserFiles/Image/145234_House_78209549.jpg Robert Hamzey http://www.TheBestHomesSanDiego.com life settlements, investments, credit crunch In Tight Credit Market Old Insurance Policies May be Key to Buying New Home Robert Hamzey http://www.psilovouno.com/Bnews.php?lang=en&article=35 Carl Wolk started a business in Minneapolis 44 years ago, eventually expanding from one store to 16. In 2005, he was approached by other businessmen who offered to buy out a majority of Wolk’s business with the understanding that he would receive a payout over five years.Two years later, those same businessmen filed for bankruptcy. The deal and the promised payout were gone.“So everything I had coming, it went down the tubes,” he said. With few options, Wolk sold one of his few remaining assets: his life insurance policy.Speaking April 1 before the House Commerce and Labor Committee, Wolk said ... http://www.psilovouno.com/UserFiles/Image/826530_Dice on Black.jpg Craig Green http://www.tcdailyplanet.net/article/2008/04/18/roll-dice.html life settlements, investments, STOLI, Legislation A roll of the dice Craig Green http://www.psilovouno.com/Bnews.php?lang=en&article=36 IFAs and multi-managers are turning to alternative asset classes to provide investors with strong and more consistent returns, according to EEA Fund Management.Continued market volatility is forcing investment professionals to seek alternative ways to diversify their portfolios and EEA’s Life Settlements Fund has been reaping the rewards as a result of 26 months of positive returns, beating its benchmark of 8 per cent per annum net of charges, with the demand for access to the fund from the SIPP market also growing.Peter Winders, marketing director at EEA Fund Management, said: "The EEA Life Settlements Fund has delivered consistently good returns ... http://www.psilovouno.com/UserFiles/Image/890129_Candy_93928551.jpg Maryrose Fison / Financial Adviser http://ftadviser.com/FinancialAdviser/Investments/News/article/20080417/657fd86a-063e-11dd-a9b2-0015171400aa/IFAs-look-for-alternatives-says-EEA.jsp life settlements, investments, IFA's IFAs look for alternatives, says EEA Maryrose Fison / Financial Adviser http://www.psilovouno.com/Bnews.php?lang=en&article=37 NEW YORK--(BUSINESS WIRE)--Cantor LifeMarkets announced today that it has signed Master Agency Contracts with the following companies: 3 Mark FinancialAgent Support GroupAsh BrokerageBelman Klein Associates, Ltd.Brokerage Insurance GroupDirect Funders, Inc.E FinancialFinancial Logic Ltd.Four Seasons Financial Group, Inc.Leisure Werden & TerryLife Force FinancialLife Options, LLCM & M Brokerage Services Inc.McQueen Kalligan Insurance Services, Inc.owR OPINION, L.L.C.Pavez Insurance CompanyPickett Group, Inc.Premier Brokerage Services, Inc.Robert A. Brandon Inc.Sinai Capital PartnersThe Producers GroupTotal Brokerage SolutionsTotal FinancialUpstate Special Risk Services, Inc.Veris Settlement Partners, Inc.Zenith Marketing Group These companies, referred to as MACs, will be responsible for coordinating retail distribution to LexNet (SM), Cantor’s marketplace for trading ... http://www.psilovouno.com/UserFiles/Image/601065_entrepreneur1_ 855434_28884487.jpg Cantor LifeMarkets http://findarticles.com/p/articles/mi_m0EIN/is_2008_April_15/ai_n25155871# life settlements, investments, Lexnet Cantor LifeMarkets Announces Distribution Relationships with 26 Leading Firms Cantor LifeMarkets http://www.psilovouno.com/Bnews.php?lang=en&article=45 NEW YORK (Associated Press) - Phoenix Cos., a financial services provider, said Tuesday it has partnered with four brokerage general agencies for the formation of its Phoenix Life Solutions subsidiary, which marks the company's entrance into the life insurance settlements market.Phoenix Life Solutions will work with San Diego-based Advanced Planning Services; Wyndmoor, Pa.-based American Brokerage Services; Fort Wayne, Ind.-based Ash Brokerage; and Madison Brokerage of Morristown, N.J.Life settlement transactions involve the selling of one's life insurance policy to a third party, typically an institutional investor, for a one-time cash payment.Phoenix shares jumped 48 cents, or nearly 4 percent, to $12.69 ... http://www.psilovouno.com/UserFiles/Image/530728_entrepreneur1_ 855434_28884487.jpg Associated Press life settlements, investments Phoenix Cos. Forms Life Settlements Unit Associated Press http://www.psilovouno.com/Bnews.php?lang=en&article=38 Banks are beginning to acknowledge the elephant in the room, that many of their loan portfolios are too heavily weighted with real estate as collateral. Nationwide property sales slowdowns, a decline (sharp decline in some markets) in real estate values, and the recent subprime mortgage meltdown have led more and more banks to look for other asset categories to diversify their loan portfolios.Enter investors who want to leverage portfolios of life settlements. Life settlements are discounted cash settlements paid by investors to life insurance policyholders. In exchange, investors later receive the full amount of the life insurance policy upon the ... http://www.psilovouno.com/UserFiles/Image/144208_Euro money 968135_82849870.jpg Dave Yelken http://matrixblogger.com/commercialmortgageloanob/2008/04/14/banks-are-financing-life-settlement-investment-accounts-diversifying-their-loan-portfolio-risks life settlements, investments, investment banks, Banks are financing Life Settlement Investment Accounts Dave Yelken http://www.psilovouno.com/Bnews.php?lang=en&article=39 Washington, D.C. (April 14, 2008) — Legislation (S.F. 2392) that will help protect Iowa senior citizens from a fraudulent use of life insurance called stranger-originated life insurance (STOLI) was approved April 10 by the Iowa State Legislature and is now awaiting the Governor’s signature.  “The Iowa Legislature is one of the first in the nation to approve legislation aimed at deterring  STOLI, which makes use of transactions designed to circumvent the state’s insurable interest laws. We are now awaiting Governor Chet Culver’s signature on this vital legislation that will protect Iowa seniors from these unscrupulous transactions,” ACLI President and CEO ... http://www.psilovouno.com/UserFiles/Image/297301_Des Moines Iowa_681224.jpg http://insurancenewsnet.com/article.asp?a=featured_pr&id=93261 life settlements, investments, Legislation, STOLI, IOWA Iowa Legislature Approves Bill Protecting Seniors http://www.psilovouno.com/Bnews.php?lang=en&article=40 NEW YORK, April 14 (newratings.com) - Analysts at Taglich Brothers reiterate their "speculative buy" rating on Life Partners Holdings Inc (LPHI), while reducing their estimates for the company. The target price has been reduced from $53 to $38.In a research note published on April 11, the analysts mention that although the company's F4Q08 and FY08 results indicate a y/y improvement, they are short of the estimates. Life Partners Holdings is expected to grow going forward more in-line with the life settlement market, the analysts say. The diluted EPS estimate for FY09 has been reduced from $2.71 to $1.92. ... http://www.psilovouno.com/UserFiles/Image/238061_Wall Street 976300_52203064.jpg http://newratings.com life settlements, investments, Life Partners Taglich: Life Partners Holdings: speculative buy - target price reduced http://www.psilovouno.com/Bnews.php?lang=en&article=41 While scams seem to evolve with the laws and times, the Iowa Legislature voted this week to get one step ahead of them.  The House and Senate unanimously approved a bill that will help prevent senior citizens from being caught up in life insurance policy scams.  Known as anything from viatical settlements to life settlements to stranger-originated life insurance policies, these scams target people with a high risk of dying in the near future."The first version of this had to do with the sale of life insurance policies to a third party when terminal illness was involved," said Iowa Insurance ... http://www.psilovouno.com/UserFiles/Image/915189_Des Moines Art 514163_25995635.jpg CHRISTINIA CRIPPES (ccrippes@thehawkeye.com) http://www.thehawkeye.com/Story/wise-bill-041208 life settlements, investments, STOLI, Legislation, IOWA Bill will prevent insurance scams (Iowa) CHRISTINIA CRIPPES (ccrippes@thehawkeye.com) http://www.psilovouno.com/Bnews.php?lang=en&article=42 I have received several questions in recent weeks asking for my opinion on a life settlements. Rather than continuing to answer these questions piecemeal, it seems to make more sense to put the whole thing in writing so I can point people to a more thorough treatment of the subject than I can sometimes give on the radio or in a Q&A session. The topic is a big one, so I will tackle it in several parts. To begin with, what exactly is a life settlement? What are the risks? - There must be some because we know there is no ... http://www.psilovouno.com/UserFiles/Image/996527_Typewriter_48841575.jpg Kim Snider http://kimsnider.blogs.com/my_weblog/2008/04/problems-with-v.html life settlements, investments, risico Problems with Viatical and Life Settlements Kim Snider http://www.psilovouno.com/Bnews.php?lang=en&article=43 SAN DIEGO--(BUSINESS WIRE)--April 8, 2008--Advanced Planning Services (APS) has been selected as one of four brokerage general agencies to originate life settlements from Phoenix Life Solutions, bringing a new level of credibility to the market while allowing agents to offer their clients additional strategies to build assets.APS was one of the founding partners of the Phoenix Life Solutions Design Board that guided the company’s business development. Phoenix Life Solutions is a subsidiary of The Phoenix Companies, Inc. (NYSE:PNX).“We’re thrilled to be working with such a prominent company like Phoenix Life Solutions, which is bringing a new era of integrity to ... http://www.psilovouno.com/UserFiles/Image/712976_entrepreneur2_251732_4297.jpg Deb Fitzpatrick http://www.businesswire.com life settlements, investments Advanced Planning Services Selected to Offer Life Settlements by Phoenix Life Solutions Deb Fitzpatrick http://www.psilovouno.com/Bnews.php?lang=en&article=44 When Wall Street first began securitizing mortgages--that is, packaging them together and trading them like so many pork belly futures--it seemed like a really good idea.And for a while it was -- until recently, when folks got greedy and things went awry. Call it the law of unintended consequences.The same law might be applied to life settlements, newly popular financial instruments created by the sale of life insurance policies to packagers who then bundle the policies into securities that are sold like any other investment product.In the 1980s, life settlements, then referred to as viatical settlements, emerged as a way ... http://www.psilovouno.com/UserFiles/Image/815614_Wall Street 976300_52203064.jpg Dunstan Prial http://www.entrepreneur.com/foxbusiness/548045_21.html life settlements, investments, STOLI Betting on Death: Life Settlements Flourish on Wall Street Dunstan Prial http://www.psilovouno.com/Bnews.php?lang=en&article=46 In the turbulent times we find ourselves in, investors are discovering that truly uncorrelated asset classes are hard to find.A cursory glance at the returns achieved by funds across a variety of sectors in the UK reveals that investors are being hit no matter where they hide.Those looking to branch out can of course opt to invest in overseas equities, but for investors who are fearful of placing yet more of their assets into stockmarkets, life settlement funds could provide the diversification they desire.The latest results from EEA Fund Management’s Life Settlements Fund, designed to deliver an annual return of ... http://www.psilovouno.com/UserFiles/Image/825855_investment_901157.jpg Nicholas Paler http://www.citywire.co.uk/adviser/-/blogs/new-frontiers/content.aspx?ID=299873 life settlements, investments, credit crunch, IFA's Traded life policies are controversial, Nicholas Paler http://www.psilovouno.com/Bnews.php?lang=en&article=47 HARTFORD, Conn.--(BUSINESS WIRE)--The Phoenix Companies, Inc. (NYSE: PNX), which today announced it will enter the life insurance settlements market through its Phoenix Life Solutions subsidiary, begins with the backing of four prominent brokerage general agencies committed to the company’s vision of “changing the world of life settlements.”The brokerage general agencies (BGAs), also founding partners of the Phoenix Life Solutions Design Board that guided the company’s business development, are: Advanced Planning Services of San Diego, CA, American Brokerage Services of Wyndmoor, PA, Ash Brokerage of Fort Wayne, IN, and Madison Brokerage of Morristown, NJ.“We partnered with these four BGAs because they, ... http://www.psilovouno.com/UserFiles/Image/267384_Debit Card_1.jpg life settlements, investments Prominent Brokerage General Agencies Support New Life Settlements Business Model http://www.psilovouno.com/Bnews.php?lang=en&article=48 LINCOLN — Overcoming a filibuster, Nebraska lawmakers voted 36-5 Monday to advance a bill restricting when people can sell life insurance policies on the secondary market.Legislative Bill 853 was introduced by State Sen. Rich Pahls of Omaha at the request of the Nebraska Department of Insurance. It will receive one more round of debate.The bill is intended to stop the practice of soliciting life insurance for no other reason than to sell the policy to an investor.It is the latest wrinkle on "viatical settlements," which began in the 1990s after terminally ill AIDS patients gained legal authority to sell their ... http://www.psilovouno.com/UserFiles/Image/743434_Supreme Court.jpg LESLIE REED (WORLD-HERALD BUREAU) http://www.omaha.com/index.php?u_page=2798&u_sid=10298411 life settlements, investments, STOLI, Legislation, Nebraska Insurance bill survives filibuster, advances (Nebraska) LESLIE REED (WORLD-HERALD BUREAU) http://www.psilovouno.com/Bnews.php?lang=en&article=49 The Assured Fund, a US senior traded life policy fund managed by Policy Selection, has reported growth in assets of 94 per cent over the past 12 months, while the number of policies held by the fund has increased from 116 at the end of March 2007 to 229.The average value of the individual policies within the fund is now USD2.65m, and investors are currently enjoying returns of nearly 10 per cent a year, according to Policy Selection.The Assured Fund, which currently being marketed to UK IFAs, has enjoyed 9.13 per cent growth over the past 12 months, while institutional ... http://www.psilovouno.com/UserFiles/Image/434363_Abacus light 531969_55075139.jpg http://www.hedgeweek.com/articles/detail.jsp?content_id=248050 life settlements, IFA's, investments Traded life policy fund sees 94 per cent asset growth over 12 months http://www.psilovouno.com/Bnews.php?lang=en&article=50 It is simple when one reviews the facts! In a recent article release jointly by AALU, ACLI, and NAIFA they stated "the life insurance community recognizes that many circumstances may lead the owner of a life insurance policy to explore a life insurance settlement. We have supported and will continue to support-legitimate Life Settlements." Paul Rutledge, President of Transamerica Reinsurance, has recently stated similar sentiments. "I think Life Settlements are a natural evolution of life insurance product. Newer policy designs have created larger gaps between surrender value and economic value. As a result, the surrender value does not reflect its ... http://www.psilovouno.com/UserFiles/Image/460315_callcenter_1027480.jpg Paul W. Bowen, Executive Vice President at Ashar Group, LLC life settlements, investments The Life Settlement Industry is Alive and Well Paul W. Bowen, Executive Vice President at Ashar Group, LLC http://www.psilovouno.com/Bnews.php?lang=en&article=51 BURLINGTON, ON, March 31 /CNW/ - Further to its news release of December 20, 2007, Kingsmill Capital Ventures Inc. ("Kingsmill") (KCV.P-TSX VENTURE) wishes to announce the following update in respect of its Qualifying Transaction (the "QT"):    1.  The consideration to be paid to Universal Settlements Inc. ("USI")        for a portfolio of life settlements has been adjusted. Pursuant to an        amending agreement dated March 31, 2008, Kingsmill has agreed to        acquire from USI a portfolio of 557 life insurance policies (the        "Portfolio") with a total face value of USD $42,011,584 for a revised        purchase price of C$7,696,077 which will be paid ... http://www.psilovouno.com/UserFiles/Image/578698_Accounting 785978_28939414.jpg David Mitchell CNW life settlements, investments Kingsmill Capital Ventures Inc. announces update and amended terms of its Qualifying Transaction David Mitchell http://www.psilovouno.com/Bnews.php?lang=en&article=52 Viatical life settlements are the latest craze with investors. It seems making money off of one's death has become even easier with viatical life settlements- and for investors it often pays out fairly well under good circumstances. But not everyone can be the winner- someone has to lose- but the question is who.How to Profit From Viatical Life SettlementsViatical life settlements work based on terminally ill patients. When a terminally ill patient receives the news that they are going to die within an allotted amount of time, it's quite likely that their family will be receiving a health insurance check ... http://www.psilovouno.com/UserFiles/Image/349657_team_prof_3699864.jpg Daniel Millions life settlements, investments How Viatical Life Settlements Work Daniel Millions http://www.psilovouno.com/Bnews.php?lang=en&article=53 A relatively new market to investors has been proven to be among few investment options that provides low risk and high payouts.Life settlements have become all the rage with investors, as resources such as Life-Investor.eu claim. Seniors get a risk-free lump sum in exchange for the beneficiary rights of their life insurance plan, and investors get a low-risk and excellent return on investment.But getting into the business isn’t easy. Life settlement investing takes careful planning, consideration, and time to make a guaranteed profit. The biggest threat to investors, Life-Investor.eu explains, is the possible loss in face value of the currency ... http://www.psilovouno.com/UserFiles/Image/442486_dreamstime_482983.jpg http://www.webwire.com/ViewPressRel.asp?aId=62150 life settlements, investments Investors Claim High Returns On New Investment Market http://www.psilovouno.com/Bnews.php?lang=en&article=54 OLDWICK, N.J.--(BUSINESS WIRE)--March 24, 2008--A.M. Best Co. has released its revised rating methodology on life settlements, “Life Settlement Securitization,” which describes the criteria for rating securities backed by life settlements. A life settlement is an insurance policy sold by the owner — typically the insured or a trust — for an amount greater than the surrender value of the policy but lower than the face amount of the policy. The purchaser of the life settlement becomes the new owner and beneficiary of the life insurance policy and is responsible for making future premium payments and collecting the death benefits of ... http://www.psilovouno.com/UserFiles/Image/227596_dreamstime_1398062.jpg AM Best http://insurancenewsnet.com/article.asp?n=1&neID=20080324290.2_980500cddc48f8fb life settlements, investments, AM Best A.M. Best Releases Revised Rating Methodology on Life Settlement Securitization AM Best http://www.psilovouno.com/Bnews.php?lang=en&article=55 ORLANDO, Fla., March 24 /PRNewswire/ -- Advanced Settlements, Inc., a national leader in the life settlement marketplace, announced the launching of the Life Settlement Learning Center. "The Life Settlement Learning Center is a great way to educate the marketplace," said Scott Kirby, a managing partner of Advanced Settlements, Inc. "At Advanced Settlements, Inc., we believe education is a key part to the growth of the life settlement industry.To gain access to the Life Settlement Learning Center click on the link below.http://www.advancedsettlements.com/assets/pages/registration.phpA life settlement is the sale of a life insurance policy to a third party for a cash payment less ... http://www.psilovouno.com/UserFiles/Image/337148_dreamstime_3445166.jpg http://www.advancedsettlements.com/assets/pages/registration.php life settlements, investments Advanced Settlements Introduces the Life Settlement Learning Center http://www.psilovouno.com/Bnews.php?lang=en&article=57 The much anticipated VBT 2008 Report was presented today to the National Association of Insurance Commissioners / Life and Health Actuarial Task Force. It replaces the older VBT 2001 Report.The new tables were composed by the Preferred Valuation Basic Table Team, a subgroup of the American Academy of Actuaries (“AAA”) and the Society of Actuaries “SOA”).Sources close to the team commented that report is expected to have a significant impact on those involved with the longevity and mortality risk mitigation business.Life insurance carriers and reinsurers use the VBT to underwrite risk and develop pricing models. Changes in the VBT may ... http://www.psilovouno.com/UserFiles/Image/710533_Puzzle 868761_78977741.jpg Society of Actuaries life settlements, investments, mortality tables VBT Report 2008 released Society of Actuaries http://www.psilovouno.com/Bnews.php?lang=en&article=58 A new study indicates that the growth area for life insurance is at older ages and suggests that the life insurance industry will need to have a firm grasp on products sold and how those products are priced.The study, “Tillinghast Older Age Mortality Study (TOAMS 2),” was released last month by Tillinghast, a Stamford, Conn.-based actuarial unit of Towers Perrin. The study includes data from 29 life insurance companies from 2003 to 2005.The study findings concur with research by MIB Group, Braintree, Mass., which reports that 2007 life insurance sales were up 4.3% over 2006 for ages 60 and older, ... http://www.psilovouno.com/UserFiles/Image/488780_Retirement 931895_30727375.jpg Jim Connolly http://www.lifeandhealthinsurancenews.com/cms/nulh/Weekly Issues/issues/2008/08/Who Reinsures What/L08supptillinghast life settlements, investments, mortality tables Tillinghast unveils Older Age Mortality Study Jim Connolly http://www.psilovouno.com/Bnews.php?lang=en&article=59 Your life insurance book of business is best priced and valued based on current and accurate older age mortality levels. The 2007 Tillinghast Older Age Mortality Study (TOAMS 2) is the largest study of its kind focused entirely on this type of data and analysis.TOAMS 2 includes data from 29 insurers on policyholders aged 50 and older. It reports mortality experience by gender, smoking and plan category providing insights that address your questions:    •    What is the life expectancy of an 80-year old female?    •    How much better is mortality on large face amount policies?    •    How should I adjust my ... http://www.psilovouno.com/UserFiles/Image/161688_Money 913707_98511975.jpg Towers Perrin http://www.towersperrin.com/tp/showdctmdoc.jsp?&url=Tillinghast/United_States/News/Spotlights/2008/2008_02_07_spotlight_toams.htm life settlements, investments, mortality tables Latest Study reveals latest older age mortality experience data Towers Perrin http://www.psilovouno.com/Bnews.php?lang=en&article=60 Troy, New York, February 15, 2008 – The National Conference of Insurance Legislators (NCOIL) last week—in a letter sent to legislative leaders and insurance committee chairs of the 50 states and related jurisdictions—strongly reaffirmed its commitment to an NCOIL Life Settlements Model Act adopted by its Executive Committee in November 2007.  The model was approved unanimously after nearly two years of interested party input and over 35 hours of intense discussion and debate.  NCOIL believes the model is key to addressing a very vital concern—that of illegal stranger-originated life insurance schemes, or STOLIs.   NCOIL President Brian Kennedy, RI, in ... http://www.psilovouno.com/UserFiles/Image/400129_US Football.jpg NCOIL http://www.ncoil.org/press/Life_Settlements_PR.pdf life settlements, investments, STOLI, NCOIL Legislators back NCOIL Life Settlements Model NCOIL http://www.psilovouno.com/Bnews.php?lang=en&article=61 An electronic marketplace for life settlements is slowly emerging.Before the end of the first quarter, The Goldman Sachs Group Inc. and National Financial Partners Corp., both of New York, are expected to launch the Institutional Life Services electronic platform for life settlements.It will compete against LexNet, an eight-month-old online-auction market operated by the LifeMarkets division of New York-based Cantor Fitzgerald LLP.Last month, Cantor Fitzgerald announced a marketing and distribution alliance with Transamerica Corp. of Los Angeles that is intended to increase volume.Life settlements, in which a life insurance policyholder sells his or her policy to a third party in order ... http://www.psilovouno.com/UserFiles/Image/567374_stock exchange.jpg Rosalyn Retkwa http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20080218/REG/346535315/1009/TOC life settlements, investments, life exchanges, Lexnet Online market for life settlements emerges Rosalyn Retkwa http://www.psilovouno.com/Bnews.php?lang=en&article=64 WACO, Texas--(BUSINESS WIRE)--Life Partners Holdings, Inc. (NASDAQ GM: LPHI), parent company of Life Partners, Inc., today predicted record earnings as it issued guidance for its first fiscal quarter ended May 31, 2008. Life Partners expects to report first quarter earnings of approximately $0.52 per share compared with earnings of $0.40 per share last year. Results for the quarter are expected to show a 33% increase in earnings over the same period last year and a 40% increase over the immediately preceding quarter. All earnings per share calculations are adjusted to account for the 5-for-4 stock split in September 2007.For its ... http://www.psilovouno.com/UserFiles/Image/912503_Accounting3_747179_46702810.jpg Life Partners Holdings, Inc. http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20080616005409&newsLang=en life settlements, investments, Life Partners Life Partners Predicts Record Earnings Life Partners Holdings, Inc. http://www.psilovouno.com/Bnews.php?lang=en&article=65 Wiesbaden (aktiencheck.de AG) - Das von Liechtenstein aus gemanagte Life Settlements Portfolio richtet sich an langfristig orientierte Anleger und investiert in den Zweitmarkt für US-Lebensversicherungspolicen, so die Experten der TELOS GmbH.Das Portfolio bestehe aus vier Anteilsklassen, von denen sich jeweils eine in Euro und USD an Retail- sowie institutionelle Kunden richte. Die Euro-Anteilsklassen würden dabei Wechselkursschwankungen unterliegen, die jedoch immer abgesichert würden. In den gut strukturierten Investmentprozess seien aufgrund der Komplexität auch verschiedene externe Einheiten involviert.Das Ziel der Fondsmanager von International Life Settlements Prosperity (ILSP) bestehe darin, dem Anleger im Gegensatz zu stark risikobehafteten Einzelinvestments durch ein breit diversifiziertes Portfolio ... http://www.psilovouno.com/UserFiles/Image/950715_Investment.jpg TELOS GmbH http://nachrichten.boerse.de/analysen-empfehlungen/Startseite/Life_Settlements_Portfolio_erh%C3%A4lt_Bewertung_AA+___TELOS_GmbH/cd035b87&page=0&segment= life settlements, investments, Germany Life Settlements Portfolio erhält Bewertung AA+ - TELOS GmbH TELOS GmbH http://www.psilovouno.com/Bnews.php?lang=en&article=66  BETHESDA, Md., May 29 /PRNewswire/ -- Maple Life Financial Inc. and its affiliate MLF LexServ L.P. have been retained by the current owner of the former Ritchie Risk Linked Trading Strategies (Ireland) Ltd. life settlement portfolio to provide services with respect to the $2.3 billion face amount of life insurance policies purchased in February 2008 pursuant to a bankruptcy sale auction.Maple Life Financial Inc. has been retained as the exclusive marketing and sales agent for the disposition of a significant portion of the portfolio. It is anticipated that the assets will be sold in a series of portfolio transactions over ... http://www.psilovouno.com/UserFiles/Image/863490_Abacus light 531969_55075139.jpg Todd Paradis of Maple Life Financial Inc. http://findarticles.com/p/articles/mi_m4PRN/is_2008_May_29/ai_n25468039 life settlements, investments, Ritchie, Maple Life, Lexnet Maple Life Hired to Sell Former Ritchie Portfolio Todd Paradis of Maple Life Financial Inc. http://www.psilovouno.com/Bnews.php?lang=en&article=68  A measure that tightens state law governing the method of buying life insurance policies from consumers will take effect in September after garnering Gov. Ted Strickland's signature Wednesday.Strickland's OK was the final hurdle for H.B. 404, which amends the Ohio Viatical Settlement Act and is aimed at improving protections for those looking to sell a policy to a third party through a so-called life-insurance settlement.The Ohio Department of Insurance and others backed the bill because of a perceived increase in settlements arranged for financial gain, but industry opponents claimed the bill overregulated the process.Life-insurance settlements involve buying an individual's life ... http://www.psilovouno.com/UserFiles/Image/187830_Ohio Columbus Skyline.jpg Business First of Columbus http://www.bizjournals.com/columbus/stories/2008/06/09/daily24.html life settlements, investments, Legislation, STOLI, Ohio Strickland signs life-insurance settlement bill Business First of Columbus http://www.psilovouno.com/Bnews.php?lang=en&article=69 Investors and middlemen make such big profits buying seniors' life-insurance policies that they're enticing people to take out unneeded insurance expressly for quick resale. But their greed may be catching up with them.Stranger Owned Life Insurance (STOLI) resembles playing the lottery when you know the winning numbers in advance. A broker or investor persuades an affluent person in his or her sixties or seventies to apply for a large life-insurance policy with the agreement to sell it soon, usually within two years. The investor lends the money to pay the premiums. So anything you clear would seem to be free ... http://www.psilovouno.com/UserFiles/Image/830607_entrepreneur1_ 855434_28884487.jpg Kiplinger's Personal Finance magazine http://kiplinger.com/magazine/archives/2008/07/strange-saga-of-STOLI.html life settlements, investments, STOLI The Strange Saga of STOLI Kiplinger's Personal Finance magazine http://www.psilovouno.com/Bnews.php?lang=en&article=70 NEW YORK, June 9 /PRNewswire/ -- Institutional Life Services, LLC, (ILS) and Institutional Life Administration, LLC, (ILA), companies newly created by Goldman Sachs, National Financial Partners and Genworth Financial today announced Andrew D. Terrell as their first chief executive officer. ILS and ILA are a marketplace and clearing operation, respectively, formed to create a competitive and compliant institutional marketplace for the settlement of life insurance policies.Prior to joining ILS and ILA, Terrell was a managing director of Bear Stearns & Co. Inc. which he joined in 2004. He headed sales and origination in the Structured Equity Products division, and co-headed ... http://www.psilovouno.com/UserFiles/Image/774672_team_prof_3699864.jpg Institutional Life Services, LLC and Institutional Life http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/06-09-2008/0004829179&EDATE= life settlements, investments Institutional Life Services and Institutional Life Administration Hire CEO Institutional Life Services, LLC and Institutional Life http://www.psilovouno.com/Bnews.php?lang=en&article=71 SAN DIEGO--(BUSINESS WIRE)--Understanding the workings of the growing secondary market can help interested financial professionals better succeed when working with life-settlement transactions.In response to financial professionals experiencing difficulty when searching for educational sources for the secondary market, Life Settlement Solutions, Inc. began Life Settlement Awareness Month™ – dedicated to helping increase knowledge and awareness of the life-settlement industry. The third-annual Life Settlement Awareness Month, which kicked off June 1, is a series of events offering comprehensive and quality tools focused on life settlements and the benefits such transactions can provide.“Many people today are interested in new financial planning options like ... http://www.psilovouno.com/UserFiles/Image/665378_dreamstime_2665964.jpg Life Settlement Solutions http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20080609006186&newsLang=en life settlements, investments, LSS Life Settlement Solutions Provides Additional Opportunities for Industry Education Life Settlement Solutions http://www.psilovouno.com/Bnews.php?lang=en&article=72 NEW YORK--(BUSINESS WIRE)--Standard & Poor’s announced today that it has commenced Factual Stock Report coverage on Life Partners Holdings, Inc.Life Partners Holdings, Inc. (NGM:LPHI) operates as a financial services company. Its subsidiary, Life Partners, Inc. (LPI), is the oldest and one of the most active companies in the United States engaged in the secondary market for life insurance known generally as life settlements. These financial transactions involve the purchase of life insurance policies at a discount to their face value for investment purposes.LPI has conducted business under the registered service mark Life Partners since 1992. The company's operating revenues are ... http://www.psilovouno.com/UserFiles/Image/843323_stock exchange.jpg Richard Albanese, Standard & Poor's http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20080609005902&newsLang=en life settlements, investments, Life Partners Standard & Poor's Initiates Factual Stock Report Coverage on Life Partners Holdings, Inc. Richard Albanese, Standard & Poor's http://www.psilovouno.com/Bnews.php?lang=en&article=73 ORLANDO, Fla., June 17 /PRNewswire/ -- Advanced Settlements, Inc., anational leader in the life settlement marketplace, announced the partnershipwith Success CE, a nationwide approved company that offers continuingeducational credits that meet insurance credits in all 50 states. "Thepartnership between Advanced Settlements and Success CE is a positive steptowards offering continuing education credits online to financialprofessionals," said Scott Kirby, Co-President of Advanced Settlements, Inc."At Advanced Settlements, Inc., we believe education is a key part to thegrowth of the life settlement industry. With the partnership between Advancedand Success CE we are able to offer a variety of CE credits that ... http://www.psilovouno.com/UserFiles/Image/773559_Abacus 3_550046_83936881.jpg Advanced Settlements, Inc. http://www.earthtimes.org/articles/show/advanced-settlements-inc-now-offers-life-settlement-ce-credits,436181.shtml life settlements, investments, life settlement provider Advanced Settlements, Inc. Now Offers Life Settlement CE Credits Advanced Settlements, Inc. http://www.psilovouno.com/Bnews.php?lang=en&article=74 SAN DIEGO - (Business Wire) In response to financial professionals’ need for knowledge about life settlements, Life Settlement Solutions, Inc. is offering a number of comprehensive educational tools as part of Life Settlement Awareness Month™.Life Settlement Awareness Month, which kicked off June 1, aims to educate financial professionals about life settlements and the benefits the transactions provide through a number of online panels, webinars and a continuing-education course. Life Settlement Solutions is also attending industry events throughout the month, where company representatives will provide additional educational workshops and sessions in an effort to increase knowledge about the growing secondary market ... http://www.psilovouno.com/UserFiles/Image/906770_team_girl_1579390.jpg CA-LIFE-SETTLEMENT http://www.earthtimes.org/articles/show/life-settlement-solutions-to-provide,434657.shtml life settlements, investments, LSS Life Settlement Solutions to Provide Workshop at Annual Million Dollar Round Table Meeting CA-LIFE-SETTLEMENT http://www.psilovouno.com/Bnews.php?lang=en&article=75 CLEVELAND, June 23 /PRNewswire/ -- Life Settlement Insights LLC (LSI), the Cleveland based life settlement brokerage firm, announced today that the firm will manage the sale of portfolios and individual life policies held by the Court-appointed receiver for the Mutual Benefits Corporation, Viatical Services, Inc., and Viatical Benefactors LLC. Initially, LSI will offer three separate investment opportunities, with announcements of additional auction events expected later this year. The first offerings include: -- Five individual policies with aggregate face amount of approximately $14.5 million. -- Two portfolios, which include whole-policies with aggregate face values of approximately $19.2 ... http://www.psilovouno.com/UserFiles/Image/937689_Family Game.jpg Life Settlement Insights LLC http://sev.prnewswire.com/banking-financial-services/20080623/CLM01423062008-1.html life settlements, investments, life settlement provider, MBC Mutual Benefits Corporation Receiver Contracts with Life Settlement Insights Life Settlement Insights LLC http://www.psilovouno.com/Bnews.php?lang=en&article=76 Investors and middlemen make such big profits buying seniors' life-insurance policies that they're enticing people to take out unneeded insurance expressly for quick resale. But their greed may be catching up with them.Stranger Owned Life Insurance (STOLI) resembles playing the lottery when you know the winning numbers in advance. A broker or investor persuades an affluent person in his or her sixties or seventies to apply for a large life-insurance policy with the agreement to sell it soon, usually within two years. The investor lends the money to pay the premiums. So anything you clear would seem to be free ... http://www.psilovouno.com/UserFiles/Image/757580_Saga Aurora Borealis.jpg Kiplinger's Personal Finance magazine http://www.kiplinger.com/magazine/archives/2008/07/strange-saga-of-STOLI.html life settlements, investments, STOLI The Strange Saga of STOLI Kiplinger's Personal Finance magazine http://www.psilovouno.com/Bnews.php?lang=en&article=78 For most of us, our investments are simply a series of numbers. We're happy if they go up and unhappy if they go down, and we don't have much regard for the underlying activities that produce these effects. But when it comes to one investment vehicle, dubbed the "holy grail" due to its gold-star performance, exactly how your cash is generated is hard to ignore. "Death futures", more palatably known as life settlements, in effect make or lose money by betting on how long a person will live.The idea is that life insurance holders, usually terminal ill, no longer have ... http://www.psilovouno.com/UserFiles/Image/752913_Calm view (waterside).jpg Kate Hughes (The Independent) http://www.independent.co.uk/money/invest-save/the-longer-the-seller-lives-the-less-that-investors-will-make-899538.html life settlements, investments, viatical, EEA Life Settlements The longer the seller lives, the less that investors will make Kate Hughes (The Independent) http://www.psilovouno.com/Bnews.php?lang=en&article=79 The Lifeline Program(R) today announced that as of July 31, the life insurance settlement company has already outperformed last year's record sales numbers. Riding a wave of factors including a thirst for settlements as an investment from financial institutions, an influx of converted term policies and an increase in policies from seniors feeling the pinchof the economic slowdown, overall policy volume has seen a dramatic spike."After completing an outstanding year in 2007 we were optimistic, but this year has greatly exceeded even those expectations," said Wm. Scott Page, president and CEO. "We have seen gain after gain."Though exact figures were ... http://www.psilovouno.com/UserFiles/Image/532786_Abacus 838784_24890929.jpg John P. David http://www.pr-inside.com/lifeline-program-announces-record-life-r748610.htm life settlements, investments, Lifeline, , Georgia Lifeline Program Announces Record Life Settlement Sales Gains John P. David http://www.psilovouno.com/Bnews.php?lang=en&article=80 VANCOUVER, BC, Aug 18, 2008  -- Forum National Investments Ltd. (FNI) today reported its third quarter financial results for the period ended June 30, 2008. (All figures in Canadian dollars.)For the third quarter ended June 30, 2008, FNI reported that revenues rose nearly tenfold (961%) to $ 7,472,408, while net income rose to $ 4,498,257, versus revenues and net income of $ 704,391 and $ 23,171, respectively for the comparable year ago period.For the nine months ended June 30, 2008, the company reported a 245% increase in revenues leading to record revenues and net income of $ 12,379,138 and $ ... http://www.psilovouno.com/UserFiles/Image/799689__05061516133029957362115_import.jpg Dan Clozza http://www.marketwatch.com/news/story/forum-national-investments-reports-record/story.aspx?guid=%7BA7499B3B-96F5-4DF2-80AB-E482BF2BA415%7D&dist=hppr life settlements, investments, Canada Forum National Investments (Canada) Reports Record Third Quarter Results Dan Clozza http://www.psilovouno.com/Bnews.php?lang=en&article=81 Kingsmill Capital Ventures and Universal Settlements International have mutually terminated the asset purchase agreement for the former to acquire a portfolio of life insurance policies from the latter.A preliminary prospectus had been filed in April 2008 to both qualify the transaction and to raise capital for the resulting issuer.Kingsmill Capital said that as a result of a number of complex issues which arose during the review process, it was determined, after consultation with legal counsel, Universal Settlements International (USI) and Jones Gable & Company, agent on the prospectus, that there was insufficient time and resources available to Kingsmill to resolve ... http://www.psilovouno.com/UserFiles/Image/579121__0506222356327569119126_import.jpg www.datamonitor.com www.tradingmarkets.com/.site/news/Stock%20News/1830892/ life settlements, investments Kingsmill Capital terminates agreement with Universal Settlements www.datamonitor.com http://www.psilovouno.com/Bnews.php?lang=en&article=82 ENCINO, Calif.--(BUSINESS WIRE)--Dematco, Inc. (OTCBB:DMAT) announces wholly owned subsidiary Dematco, Ltd. has been engaged by a leading European investor group to dematerialize Senior Life Settlement Units (SLSU) from Senior Life Settlement policies totaling $100M face value. The Company received an initial stage payment of $250,000 and, upon completion of the contract during fiscal 2009, anticipates receiving an additional $1.75M. Dematco, Ltd. converts all manner of paper instruments into electronically transferable units. Dematco, Ltd. is currently negotiating with other investor groups around the globe as the Company seeks to expand its SLSU product order flow.Robert Stevens, Chairman of Dematco, Inc. comments, ... http://www.psilovouno.com/UserFiles/Image/536355__05061521521891466129_import.jpg Jerry Jennings http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20080811005681&newsLang=en life settlements, investments, Europe Dematco, Inc. Announces European Investor Group Engages Dematco, Ltd. to Dematerialize Senior Life Settlement Policies Jerry Jennings http://www.psilovouno.com/Bnews.php?lang=en&article=83 TORONTO - The Ontario Securities Commission is alleging that a group of companies selling investments in U.S. insurance policy "settlements" has defrauded investors by paying out invested capital as purported dividends and using investor funds for personal rather than business purposes.A hearing is scheduled for Aug. 21 in the matter involving Toronto-based New Life Capital Corp. and its sister companies, as well as officer and directors Jeffrey Pogachar, Paola Lombardi and Alan S. Price.In a statement of allegations, the OSC says New Life and its officers and directors "engaged or participated in acts, practices or courses of conduct... that they ... http://www.psilovouno.com/UserFiles/Image/338954__050830125802128737449_import.jpg Barbara Shecter, Financial Post http://www.financialpost.com/most_popular/story.html?id=714345 life settlements, investments, fraud, Canada OSC sets hearing date for fraud case involving New Life Capital Corp. Barbara Shecter, Financial Post http://www.psilovouno.com/Bnews.php?lang=en&article=84 Pensions funds are being advised to invest traded life policy funds as part of a strategy to hedge longevity rather than buy direct or opt for TLP derivatives, as a supplier to European pension funds argues only half of the risk is being hedged in some circumstances. Officials at Managing Partners Ltd, a UK-based provider of trade life policy (TLP) funds, believe there is the potential for the growth of TLP –based derivatives to help support pension funds’ need to hedge longevity risk but argue investors are still exposed to greater mortality risk than through funds because the indices ... http://www.psilovouno.com/UserFiles/Image/141642_Grandfather with grandson.jpg Julie Henderson http://www.ipe.com/news/Longevity_risk_higher_on_TLP_derivatives_MPL_28860.php life settlements, investments, mortality tables, TLP, pension funds Longevity risk higher on TLP derivatives - MPL Julie Henderson http://www.psilovouno.com/Bnews.php?lang=en&article=85 We were among the first, more than a year ago, to call your attention to "life settlements." That's a new and, to my mind, a potentially unsavory business now referred to as "Stranger Owned Life Insurance" (SOLI), wherein you sell your life-insurance policy to an investor for more than its cash value. Or, closer to fraud, you are advised to buy a big policy in order to sell it to the highest bidder, and you name the investor as beneficiary.For cash-strapped older people on fixed incomes, it's tempting to sell a long-held policy in order to get some cash and ... http://www.psilovouno.com/UserFiles/Image/153686_Happy senior couple_01.jpg Saul Friedman http://www.newsday.com/news/columnists/ny-bzsaul5786116aug02,0,5853508.column life settlements, investments, STOLI, premium finance, consumers Gray Matters: SOLI: a stranger is your beneficiary Saul Friedman http://www.psilovouno.com/Bnews.php?lang=en&article=86 From the pressrelease "United Western Bancorp, Inc. Reports 2008 Second-Quarter Results":Included in the balance at Sterling Trust is a series of accounts for one life settlement agent for special asset acquisitions and administration with a balance of $59 million and $73 million at June 30, 2008 and March 31, 2008, respectively. In January 2008, we elected to restructure this relationship and terminate certain elements of business with respect to this large life settlement agent account. During the second quarter of 2008, approximately $14 million was withdrawn from this account." ... http://www.psilovouno.com/UserFiles/Image/532560_Accounting2_785979_92019595.jpg Excerpt from Press Release United Western Bancorp http://www.marketwatch.com/news/story/united-western-bancorp-inc-reports/story.aspx?guid=%7B5AE9C6A0-4684-4ACF-ABEA-A69884A69C19%7D&dist=hppr life settlements, investments, life settlement provider United Western Bancorp restructures Accounts Life Settlement Agent Excerpt from Press Release United Western Bancorp http://www.psilovouno.com/Bnews.php?lang=en&article=87  WACO, Texas, Aug 07, 2008 (BUSINESS WIRE) -- At its annual shareholder meeting, Life Partners Holdings, Inc. announced today that it will pay a quarterly cash dividend of $0.07 per share to shareholders of record as of August 31, 2007 to be paid on or about September 15, 2007.Chairman Brian Pardo commented, "As we discussed with our shareholders today, we have experienced substantial growth in all of our key financial elements including revenue, net income and return on equity and based on a stunning increase in business over the past quarter, we expect this growth trend to continue throughout the ... http://www.psilovouno.com/UserFiles/Image/703516_Key to Investment.jpg Shareholder Relations LPHI http://www.marketwatch.com/news/story/lphi-announces-cash-dividend-annual/story.aspx?guid=%7B7BD3A69F-578D-4823-BB7B-9D7C305ED1FD%7D&dist=hppr life settlements, investments, Life Partners LPHI Announces Cash Dividend and Annual Shareholder Meeting Results Shareholder Relations LPHI http://www.psilovouno.com/Bnews.php?lang=en&article=89 BETHESDA, Md., Aug 20, 2008 /PRNewswire via COMTEX/ -- Integrity Capital Partners, leader in the secondary life insurance market, announced today that it has been ranked the 2nd fastest growing insurance related company in the US by Inc. magazine. The company was also ranked 156 on the 2008 Inc. 500 list of fastest growing companies in America, having experienced 1454.6% growth over the last three years. This achievement places Integrity Capital Partners among elite companies such as Microsoft, Timberland, Oracle and others who have been on this list in years past."Integrity Capital Partners has seen significant growth in the last ... http://www.psilovouno.com/UserFiles/Image/412523_Grandfather with grandson.jpg Integrity Capital Partners http://www.marketwatch.com/news/story/integrity-capital-partners-ranked-2nd/story.aspx life settlements, investments, life settlement provider, premium finance Integrity Capital Partners Ranked 2nd Integrity Capital Partners http://www.psilovouno.com/Bnews.php?lang=en&article=90 The life settlement market will continue to expand and evolve in the second half of 2008.Since the business emerged in the early 1990s, life settlements have provided eligible senior-aged clients with an effective financial planning tool to help deal with unnecessary life insurance policies. They have also introduced a new way for financial professionals to boost clientele and increase profit. The associated rewards have helped fuel the market’s growth to date, as well as increased attention, interest and scrutiny.Going forward, expect continued growth, continued attention on regulation of the transactions and more standardization of the secondary market. Already this year, ... http://www.psilovouno.com/UserFiles/Image/670245_dreamstime_482983.jpg Larry Simon http://www.lifeandhealthinsurancenews.com/cms/nulh/Weekly%20Issues/issues/2008/29/Focus/L29simon life settlements, investments, LSS, markt 6-Month Life Settlement Outlook: More Growth, More Regulation Larry Simon http://www.psilovouno.com/Bnews.php?lang=en&article=91 A battle is brewing between the insurance industry and the Securities and Exchange Commission over a proposal that would put equity-indexed annuities under the purview of securities regulators.Opposing the idea are some of the biggest sellers of the products, including Aviva USA, a unit of Britain's Aviva PLC; American Equity Investment Life Holding Co.; and Allianz Life Insurance Company of North America, the U.S. subsidiary of German financial-services conglomerate Allianz AG, along with some state insurance regulators.The proposed rule would define equity-indexed annuities as securities, effectively placing them under the supervision of the Financial Industry Regulatory Authority, or Finra, a ... http://www.psilovouno.com/UserFiles/Image/869889_Investment.jpg Daisy Maxey http://www.filife.com/stories/battle-looms-on-indexed-annuities investments Battle Looms on Indexed Annuities Daisy Maxey http://www.psilovouno.com/Bnews.php?lang=en&article=92 As the Baby Boomer generation continues to grow, many seniors may be unaware of a valuable financial planning option –life settlements. Life settlements, which emerged on the financial scene in the 1990s, have given seniors new options for dealing with unwanted, unneeded or under performing life insurance policies. In the past, seniors who no longer needed their policies or needed new insurance coverage could allow their policies to lapse or surrender policies for often-nominal cash-surrender values. Life settlements have expanded these options, making financial planning easier and more efficient for eligible seniors. Financial professionals who are working with this demographic ... http://www.psilovouno.com/UserFiles/Image/562978_Happy senior couple_02.jpg Larry Simon http://www.calbrokermag.com/Magazine/story/aug08/simon.htm life settlements, investments, LSS, markt, consumers Life Settlements Can Benefit the Growing Senior Market Larry Simon http://www.psilovouno.com/Bnews.php?lang=en&article=93 Life settlements are fast growing into a staple of the insurance and financial planning world. Most financial professionals have heard of life settlements. It’s the sale of a life insurance policy of a senior (age 65 and over) for a lump sum that is greater than the policy’s cash surrender value but less than its death benefit. Policies that are viable for a life settlement are generally those beyond the contestability period wherein the insured has a life expectancy of between two to 15 years. Today life settlements are dominated by institutional funders and pension funds.  Despite the continued growth ... http://www.psilovouno.com/UserFiles/Image/761122_Keyboard MONEY.jpg Lance Wallach, CLU, CHFC, CIMC http://www.calbrokermag.com/Magazine/story/aug08/Wallach.htm life settlements, investments, mortality tables, underwriting Life Settlement Underwriting - The Flip Side of The Coin Lance Wallach, CLU, CHFC, CIMC http://www.psilovouno.com/Bnews.php?lang=en&article=94 Are your clients reading the same economic headlines as ours? Here are two sobering market alerts from the Wall Street Journal: June 6, 2008 - The Dow Jones Industrial Average fell 400 points after a massive surge in oil prices and data showing that the unemployment rate unexpectedly jumped in May. June 20, 2008 - The Dow Jones Industrial Average dropped more than 200 points, pushed lower by another steep decline in financial shares and a big rebound in crude-oil prices to end trading below the 12000 mark for the first time since March ... http://www.psilovouno.com/UserFiles/Image/222185_Online Purchase.jpg Curtis M. Cole http://www.calbrokermag.com/Magazine/story/aug08/cole.htm life settlements, investments Don’t Leave Out an Important Piece of Your Client’s Portfolio Curtis M. Cole http://www.psilovouno.com/Bnews.php?lang=en&article=95 New York, one of just 10 states where life settlements are unregulated, is unlikely to see a law governing the business until January, when legislators reconvene for their next full session.In June, state lawmakers adjourned without passing legislation that closely followed a model act drafted by the Washington-based National Conference of Insurance Legislators. An earlier bill, proposed by the state's insurance department and containing a controversial requirement that investors in life settlements register with the department, had been scrapped."There were a number of objections raised by interested parties, so in the interest of getting a law on the books, we ... http://www.psilovouno.com/UserFiles/Image/111926_New York 973670_13293866.jpg Rosalyn Retkwa http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20080804/REG/35479642 life settlements, investments, New York, Legislation, STOLI, LISA, NCOIL N.Y. life settlement bill unlikely until '09 Rosalyn Retkwa http://www.psilovouno.com/Bnews.php?lang=en&article=96 In insurance industry lingo, whole life,universal life and variable life policies are known as "permanent" policies. As opposed to term insurance, permanent policies are meant to stay in force for the lifetime of the insured individual.But that's not always the case. In fact, that's often not the case. Policies purchased to fund buy-sell agreements become superfluous when the company is acquired or dissolved. Policies designed to provide estate liquidity might be deemed unnecessary as the federal estate tax exemption increases. And policies bought for family protection may seem pointless after the kids are grown and ample net worth has been ... http://www.psilovouno.com/UserFiles/Image/550419_Lifetime Warranty.jpg Donald Jay Korn http://www.financial-planning.com/asset/article/630051/you-bet-your-life.html?pg= life settlements, investments, consumers, STOLI You Bet Your Life Donald Jay Korn http://www.psilovouno.com/Bnews.php?lang=en&article=97 HAMILTON, Bermuda--(Business Wire)-- Organized by Finance IQ, a division of the International Quality & Productivity Center (IQPC), the 4th Insurance Linked Securities Summit was held July 16-18, 2008 at The Fairmont Southampton in Bermuda. ILS professionals on the life and non-life sides of the insurance, reinsurance and capital markets industries explored the latest deals, products, tools, and investment and hedging strategies for life settlements, life insurance, catastrophe, and property and casualty markets.The event was a great success and confirmed that the risk transfer solutions offered through the capital markets for the insuranceindustry will continue to be one of the most ... http://www.psilovouno.com/UserFiles/Image/431502_dreamstime_90865.jpg Abby Lombardi http://www.reuters.com/article/pressRelease/idUS181784+29-Jul-2008+BW20080729 life settlements, investments, securities Investment Strategies and Growth Projections for Insurance Linked Securities Abby Lombardi http://www.psilovouno.com/Bnews.php?lang=en&article=98 A Toronto company that promotes investing in the life insurance policies of cash-strapped Americans is advertising both unusually high returns and tax-free advantages.New Life Capital Corp. and its affiliated companies do warn that various risk factors could prevent their eligible investors from earning returns projected to be much more than the 10 per cent a year.But the website of New Life Capital Advantage makes it seem much more certain returns will be tax-free.This may sound believable.After all, beneficiaries of life insurance policies do not normally pay tax on death benefits. Nevertheless, potential investors could be disappointed. They should be skeptical ... http://www.psilovouno.com/UserFiles/Image/642165_Accounting2_785979_92019595.jpg James Daw http://www.thestar.com/Business/article/468806 life settlements, investments, risico, fraud, Canada Seek ruling before buying into `tax free' claim James Daw http://www.psilovouno.com/Bnews.php?lang=en&article=99 A life insurer has removed a wholesale insurance brokerage from a lawsuit filed in connection with allegations involving stranger-owned life insurance transactions.AXA Equitable Life Insurance Company, New York, a unit of AXA S.A., Paris, has agreed to remove Life Brokerage Partners L.L.C., Oldsmar, Fla., from a list of defendants in a STOLI lawsuit, according to Life Brokerage Partners.AXA Equitable representatives were not immediately available to comment on the announcement.AXA Equitable filed a suit in June in the U.S. District Court for the Southern District of Florida.In the suit, AXA Equitable has accused several defendants of participating in an effort to ... http://www.psilovouno.com/UserFiles/Image/336238_Puzzle 868761_78977741.jpg Matt Brady http://www.lifeandhealthinsurancenews.com/cms/nulh/Breaking%20News/2008/07/25-stoli-mb?origin=Life%20Settlements life settlements, investments, STOLI, securities Insurer Drops Firm From STOLI Suit Matt Brady http://www.psilovouno.com/Bnews.php?lang=en&article=100 The receiver in charge of a collection of life settlement portfolios has hired a firm to help it sell and administer the settled policies in the portfolio.Life Settlement Insights L.L.C., Cleveland, says it now has a contract with the court-appointed receiver for Mutual Benefits Corp. Fort Lauderdale, and 2 related companies.State and federal regulators seized the companies in 2004, after alleging that the companies gave investors inaccurate descriptions of the nature of the policies in the portfolios.LSI says it plans to start by offering investors 3 separate investment opportunities.LSI says the first offerings will include a collection of 5 individual ... http://www.psilovouno.com/UserFiles/Image/342178_entrepreneur1_ 855434_28884487.jpg NU Online News Service http://www.lifeandhealthinsurancenews.com/cms/nulh/Breaking%20News/2008/06/23-lsi-ab?origin=Life%20Settlements life settlements, investments, fraud, MBC LSI To Handle Mutual Benefits Policies NU Online News Service http://www.psilovouno.com/Bnews.php?lang=en&article=101 Equity, Environmental and Alternative investment group’s Life Settlements Fund has broken through the £100m mark after delivering two and a half years of consecutive positive monthly returns.The EEA life settlements fund sterling share class has returned 10.62 per cent net of fees over the last twelve months to the end of June 2008, outperforming its target of 9-10 per cent per annum.EEA says greater transparency in the life settlements market is helping boost continued growth of the asset class and has backed research from the Pensions Institute that the market will grow from around £6.6bn to £80.7bn over the next ... http://www.psilovouno.com/UserFiles/Image/458381_Sales Growth.jpg Hannah Stodell http://www.moneymarketing.co.uk/cgi-bin/item.cgi?id=170266&d=340&h=341&f=342 EEA Life Settlements, life settlements, investments, Europe EEA Life Settlements fund hits £100m Hannah Stodell http://www.psilovouno.com/Bnews.php?lang=en&article=102 THERE IS NOTHING SACRED about Fannie Mae (ticker: FNM),  Freddie Mac (FRE) or  Lehman Brothers (LEH). That investors might wager on their deaths should not cause anyone duress.These companies and their executives have destroyed too much shareholder value to deserve safe passage through the stock and options market. Still, investors owe them a real debt for they have institutionalized a new type of trading on Wall Street: death trades.The death trade, circa 2008, mostly entails buying put options and shorting stock, to wager on corporate insolvencies or takeovers at very deep discounts to recent share prices.The hallmark of the trade ... http://www.psilovouno.com/UserFiles/Image/408085_barcode.jpg STEVEN M. SEARS http://online.barrons.com/article/SB121944998974965353.html life settlements, investments, investment banks, US dollar New Life for Death Trades STEVEN M. SEARS http://www.psilovouno.com/Bnews.php?lang=en&article=103 Alpha Life Settlement Fund, comparto di Alpha Fund SIF e primo fondo di fondi di life settlement a livello internazionale, guadagna nel mese di luglio lo 0,81%, portando il rendimento annuo a +4,50%. Alpha Life Settlement Fund conferma la sua totale decorrelazione dai mercati, continuando a registrare performance positive e costanti sin dal suo lancio. I singoli fondi inseriti nel portafoglio di Alpha Life Settlement Fund hanno conseguito infatti anche a luglio rendimenti positivi che variano tra lo 0,33% e l’1,66%. A livello macroeconomico, il mese di luglio ha visto il persistere della crisi del credito iniziata nel 2007. L’incertezza ... http://www.psilovouno.com/UserFiles/Image/119463_italianmask.jpg Il Nuovo Mercato http://www.ilnuovomercato.it/newsmanager/setpageinm/ilnuovomercato.aspx?articleid=12810&zoneid=5 life settlements, investments, risico, securities, Italy Alpha Fund SIF. A Luglio Alpha Life Settlement Fund in crescita del 0,81% Il Nuovo Mercato http://www.psilovouno.com/Bnews.php?lang=en&article=104 Die Ratingagentur Scope hat den US-Policenfonds BAC LifeTrust 14 mit der Note ,,BBB+/überdurchschnittlich" geratet. In seiner Analyse hebt das Ratinghaus besonders die ,,vertiefte Expertise und Erfahrung der BAC im Zweitmarkt und bei US-Policen sowie die feststehenden Auszahlungshöhen bei Policenfälligkeit" hervor. Die Renditeerwartung wird als sehr positiv bewertet, die Volatilität als durchschnittlich. Seit dem 1. Juli vertreibt die BAC den hauseigenen BAC LifeTrust 14. Als deutscher Marktführer bei US-Policenfonds führt die BAC damit die erfolgreiche LifeTrust-Serie fort. Der BAC LifeTrust 14 ist baugleich zum Life Trust 11 und bietet eine ... http://www.psilovouno.com/UserFiles/Image/660601_Cash security.jpg BAC Berlin Atlantic Capital AG http://kurse.focus.de/news/BAC-Berlin-Atlantic-Capital-AG-Scope_id_news_83023084.html life settlements, investments, Germany, BAC BAC Berlin Atlantic Capital AG/ Scope bewertet den Fonds BAC LifeTrust 14 mit "BBB+/überdurchschnittlich" BAC Berlin Atlantic Capital AG http://www.psilovouno.com/Bnews.php?lang=en&article=105 ENCINO, Calif.--(BUSINESS WIRE)--Dematco, Inc. (OTCBB:DMAT) announces wholly owned subsidiary Dematco, Ltd. has been engaged by another leading European investor group to dematerialize more Senior Life Settlement Units (SLSU) from Senior Life Settlement policies. Dematco, Ltd. converts all manner of paper instruments into electronically transferable units; and for this their second contract the Company received an initial stage payment of $75,000. A $30,000,000 face value project, Dematco expects to receive $525,000 in payment for services upon completion of the dematerialization. The units will be traded through Private Trading Systems PLC (PlusMarkets:PTSP), a proprietary trading and clearing system. The Company has a ... http://www.psilovouno.com/UserFiles/Image/202774_freemanager.jpg Jerry Jennings http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20080826005888&newsLang=en life settlements, investments Dematco Dematerializes Life Settlement Portfolios Jerry Jennings http://www.psilovouno.com/Bnews.php?lang=en&article=106 One of Atlanta’s largest law firms is looking to put a little more life into its business.Morris, Manning & Martin LLP is establishing a practice group with the somewhat euphemistic title of “life settlements” — a practice area that has existed nationally for at least a decade but that the firm believes is under-served.Morris Manning will represent large financial clients that buy up individuals’ life insurance policies at a discount to the face value. The individual gets some of a policy’s value while they are still alive — hitherto impossible — while the investor collects the full amount when the ... http://www.psilovouno.com/UserFiles/Image/236961_yinyang.jpg John Manasso http://www.bizjournals.com/atlanta/stories/2008/08/04/story11.html?q=life%20settlements life settlements, investments, law firms Law firm sees growth area in ‘life settlements’ John Manasso http://www.psilovouno.com/Bnews.php?lang=en&article=107 OLDWICK, N.J., Aug 04, 2008 (BUSINESS WIRE) -- A.M. Best Co. has released a new methodology, "Securitization of Period-Certain and Life-Contingent Structured Settlements," which describes how A.M. Best rates securitizations collateralized by structured settlements.A structured settlement is an agreement between a claimant and a defendant, whereby the claimant agrees to settle a lawsuit in exchange for periodic payments to be made by the defendant to the claimant over time. Structured settlements are a popular method for settling personal injury, product liability, medical malpractice and wrongful death cases. The defendant discharges its obligation by purchasing an annuity from a highly rated ... http://www.psilovouno.com/UserFiles/Image/742097_boterkaasei.jpg Emmanuel Modu http://www.marketwatch.com/news/story/am-bests-new-methodology-securitization/story.aspx life settlements, investments, AM Best A.M. Best's New Methodology Emmanuel Modu http://www.psilovouno.com/Bnews.php?lang=en&article=110 Washington — Legislators in California have passed Senate Bill 1543, which aims to restrict abuses of stranger-originated life insurance (STOLI).S.B. 1543 is based on a model law developed by the National Conference of Insurance Legislators (NCOIL), which is the association of state representatives and senators with insurance oversight responsibilities. S.B. 1543 establishes a statutory definition of STOLI and classifies it as a fraudulent act. It also allows the California Insurance Department to collect information from life settlement providers that will help it monitor the market and identify STOLI.“STOLI is an ugly and twisted transaction that undermines the integrity of the ... http://www.psilovouno.com/UserFiles/Image/200079_California.jpg American Council of Life Insurers http://www.insurancenetworking.com/vwc/insurance_STOLI_california_senior_citizens11164-1.html life settlements, investments, STOLI, Legislation, California California Passes STOLI Bill American Council of Life Insurers http://www.psilovouno.com/Bnews.php?lang=en&article=111 If you choose to sell your life insurance policy, you should be conscious of the fact many states, including Maryland, require your viatical settlement broker to take particular steps in every matter. The broker must: Give you a printed explanation of the services that are requisite on your part by state law Divulge all offers, counter-offers, acceptances and rejections involving the sale of your life insurance policy within 72 hours of their delivery Clarify in writing within 72 hours prior to a viatical settlement contract signing (by all parties), the sum ... http://www.psilovouno.com/UserFiles/Image/540875_Happy senior couple_04.jpg Sarah Martin http://www.isnare.com/?aid=294375&ca=Business+Management life settlements, investments, consumers, Maryland, life settlement broker, viatical Viatical Settlement Broker Requirements Sarah Martin http://www.psilovouno.com/Bnews.php?lang=en&article=113 Milestone Providers, a Pennsylvania based life settlement provider, is pleased to learn that 21st Services will implement changes in its mortality tables relative to its life expectancy determinations beginning Sept. 16th. 21st Services, a major life expectancy underwriter for the secondary market for life insurance, announced yesterday, at their Annual Investor Subcommittee conference, that they will be using new mortality tables which will be more reflective of real world life expectancies. "We're excited to learn of this development, and applaud the direction which Jack Kettler is taking 21st Services. It is an apparent long term commitment to the industry," stated ... http://www.psilovouno.com/UserFiles/Image/376320_dreamstime_1447613.jpg Milestone Providers http://www.pr-inside.com/milestone-providers-applauds-21st-services-r799189.htm life settlements, investments, life settlement provider, 21st Services, mortality tables, life expectancy, Milestone Milestone Providers Applauds 21st Services' Life Expectancy Correction Milestone Providers http://www.psilovouno.com/Bnews.php?lang=en&article=115 Many people count on life insurance to provide them with peace of mind and to help ensure that their loved ones will be financially secure no matter what the future may bring. Unfortunately, in a relatively new scheme called Stranger Originated Life Insurance, investors are preying on seniors and misusing life insurance for their own gain.AdvertisementLegislation (Amended Substitute House Bill 404) supported by the Ohio Department of Insurance and signed into law by Governor Ted Strickland and effective on Sept. 11 protects consumers against these transactions and strengthens the Department’s oversight authority over them.“The legislation changed the state’s life settlement ... http://www.psilovouno.com/UserFiles/Image/381081_Online Payment.jpg Port Clinton News Herald http://www.portclintonnewsherald.com/apps/pbcs.dll/article?AID=/20080912/UPDATES01/80912008 life settlements, investments, STOLI, Ohio, Legislation Seniors - Watch out for for life insurance scams Port Clinton News Herald http://www.psilovouno.com/Bnews.php?lang=en&article=116 Pullach, 11. September 2008. Die cash.life AG wurde am Donnerstag, den 11. September 2008 vom Augur Financial Opportunity Fund über dessen Entscheidung unterrichtet, ein Übernahmeangebot zu einem Preis von 3,50 Euro je Aktie in bar abzugeben. Über die Erwerbsgesellschaft „Augur Financial Holding Vier GmbH & Co. KG“ hält der Augur Financial Opportunity Fund 10,5 Prozent der Aktien. Die Erwerbsgesellschaft hat unter der aufschiebenden Bedingung der Freigabe des Bundeskartellamts weitere 28 Prozent der Stimmrechte gekauft.   In einer ersten Reaktion nimmt Frank Alexander de Boer, Vorstandsvorsitzender der cash.life AG, wie folgt Stellung: „Die cash.life AG ist grundsätzlich daran interessiert, langfristig orientierte, strategische ... http://www.psilovouno.com/UserFiles/Image/389613_Money Fight.jpg cash.life.de http://www.cashlife.de/IR/pm_cash%20life_%C3%BCbernahmeangebot%20von%20augur%20angek%C3%BCndigt_08-09-11.pdf life settlements, investments, Germany, CashLife, Europe Augur Financial Opportunity Fund hat Übernahmeangebot für die cash.life AG angekündigt cash.life.de http://www.psilovouno.com/Bnews.php?lang=en&article=117 The fall in confidence of with profits investments is nothing new as they have been in decline for a number of years, claims a leading expert.New research by investment management company Managing Partners Limited shows only 13 per cent of IFAs have a positive view of with profits-based investments, while more than three in five IFAs have a negative view. Ned Cazalet, of Cazalet Consulting, said: "It's nothing new. Many providers of with profits closed some years ago and with profits have been at very low levels for a number of years now."If you go back to 2000/2001, with profits ... http://www.psilovouno.com/UserFiles/Image/882731_dreamstime_1398062.jpg Hannah Benjamin http://ftadviser.com/FinancialAdviser/Investments/News/article/20080904/cab9f0fe-78cf-11dd-b3c6-00144f2af8e8/Lack-of-confidence-in-with-profits-does-not-surprise.jsp Europe Lack of confidence in with profits does not surprise Hannah Benjamin http://www.psilovouno.com/Bnews.php?lang=en&article=119 Late last month, the California legislature approved California Senate Bill 1543 which targets stranger originated life insurance (“STOLI”) transactions.  See our earlier post on SB 1543 here.SB 1543 is generally based on the NCOIL Model Act, imposing a two-year ban on life settlements, establishing a statutory definition of STOLI and classifying such transactions as fraudulent acts.  SB 1543 also requires licensed life settlement providers to provide annual statements to the California Insurance Department on the policies settled during the immediate preceding calendar year.Trade groups such as the National Association of Insurance and Financial Advisors, and the Association for Advanced Life ... http://www.psilovouno.com/UserFiles/Image/835593_whitewine.jpg Insure Reinsure http://www.insurereinsure.com/BlogHome.aspx?entry=957 life settlements, investments, STOLI, Legislation, California California Moves One Step Closer to Enacting Anti-STOLI Legislation Insure Reinsure http://www.psilovouno.com/Bnews.php?lang=en&article=120 As more baby boomers retire, opportunities are growing forregistered reps to sell life insurance policies directly to lifesettlement companies, cutting out life insurance settlementbrokerage firms. Financial advisors and brokers typically get amuch nicer chunk of the enormous commissions on theproducts--which can go as high as 30 percent of the policy purchase price--when they act as the broker on these deals.Sales in this industry have grown to $15 billion in 2007 from $5billion in 2002, according to Douglas Head, executive director ofthe Orlando, Fla.-based Life Insurance Settlement Association. Head projects annual sales to grow even more over the next 10 years. ... http://www.psilovouno.com/UserFiles/Image/362713_payingpeanuts.jpg Alan Lavine http://www.insurancenewsnet.com/article.asp?n=1&innID=852579014 life settlements, investments, STOLI, New York Opportunities In Life Settlements Alan Lavine http://www.psilovouno.com/Bnews.php?lang=en&article=122 WACO, Texas - Life Partner Holdings, Inc. (Nasdaq: LPHI), recently issued guidance for its second fiscal quarter and expects to report a 56% increase in net earnings, representing another record quarter. The announcement demonstrates the popularity of alternative investments as market uncertainties continue to worry investors. While many are advised to pull money out of equities in favor of low-risk/low-yield vehicles such as CDs, treasury bills and money market funds, an increased number of investors are turning to alternative asset-based vehicles such as life settlements, which are not correlated to the financial markets and offer far superior returns. ... http://www.psilovouno.com/UserFiles/Image/975285_dreamstime_3850116.jpg Erin Gilmore http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20080919005085&newsLang=en investments, life settlements, life settlement provider, Life Partners Life Partner Holdings Reports Strong Growth Erin Gilmore http://www.psilovouno.com/Bnews.php?lang=en&article=123 MIAMI, FL -- October 2, 2008 -- Life-Exchange, Inc., (OTCBB:LFXG) the nation’s leading online business-to-business exchange for the life settlement industry, announced today its financial results for the fiscal year ended June 30, 2008 with revenue of $1,294,596 and a net income of $332,128 for the same 12 month period."We are proud to complete our first profitable year. I believe the fact that we have reached profitability just two short years since our launch in 2006, is a true testament to the services that we offer and to the value we bring to our customers and the secondary life settlement ... http://www.psilovouno.com/UserFiles/Image/832859_stock exchange.jpg Brian Dorr http://life-exchange.com/investor_pr.asp life settlements, investments, life exchanges, Life-Exchange Life-Exchange Announces Results For Fiscal Year 2008 Brian Dorr http://www.psilovouno.com/Bnews.php?lang=en&article=124  California Gov. Arnold Schwarzenegger, R, has vetoed a life settlement bill.The bill, S.B. 1543, would update the California life settlement laws, by changing the laws to refer to “life settlements,” rather than to “viatical settlements,” and by stating that some types of trust-owned life insurance arrangements violate state insurable interest laws.The bill also would require life and disability agents to keep their agent licenses in good standing to retain the right to handle life settlement business, and it would impose a number of other requirements, such as life settlement license requirements for individuals who arrange life settlements.S.B. 1543 was amended ... http://www.psilovouno.com/UserFiles/Image/846461_California.jpg Jim Connolly http://www.lifeandhealthinsurancenews.com/cms/nulh/Breaking%20News/2008/10/01-california-jc life settlements, investments, STOLI, Legislation, LISA, consumers, California Schwarzenegger Vetoes Life Settlement Bill Jim Connolly http://www.psilovouno.com/Bnews.php?lang=en&article=125  SAN DIEGO, Sept. 30 /PRNewswire/ -- BCAJ Investments West, Inc. recently announced the creation of a new investment pool to exclusively seek returns from the purchase of life insurance policies, also known as life settlements. The Omega Life Settlement Fund LLC expects to reach 12-15% returns annually through the purchase of existing life insurance policies from high net worth individuals who no longer want or need their policies. The fund does not depend on stocks or other volatile and high-risk assets.Developed by investor, Robert Hamzey, the Omega Life Settlement Fund LLC will concentrate on policies that offer considerable payouts in ... http://www.psilovouno.com/UserFiles/Image/625766_Accounting3_747179_46702810.jpg Robert Hamzey http://news.corporate.findlaw.com/prnewswire/20080930/30sep20081456.html life settlements, investments New Investment Fund Offers Safety and Growth Robert Hamzey http://www.psilovouno.com/Bnews.php?lang=en&article=126 Surrenda-link Investment Management, der führende Investmentspezialist für universell gehandelte Lebensversicherungspolicen in Europa, erhält immer zahlreichere Anfragen von institutionellen Investoren bezüglich US Life Settlements. Das Unternehmen führt die Zunahme der Anfragen auf die Kreditverknappung und das damit verbundene Sicherheitsbewusstsein zurück.Als voraussagbare Investments mit geringer Marktkorrelation sind Life Settlements insbesondere aufgrund der derzeitigen Marktturbulenzen attraktiv. Surrenda-link sagt eine Zunahme der Life Settlement-Investments für den Rest von 2008 und 2009 voraus.Life Settlements sind Lebensversicherungspolicen von Versichungsgesellschaften in den USA, die im Sekundärmarkt gehandelt werden. Anleger erwerben die Rechtsansprüche an der Police und zahlen die Prämien bis die gesamte Versicherungssumme der Police nach dem ... http://www.psilovouno.com/UserFiles/Image/317698_dreamstime_90865.jpg Frank Creighton http://www.ots.at/presseaussendung.php?schluessel=OTS_20081006_OTS0026&woher= life settlements, investments, Austria, credit crisis, credit crunch Surrenda-Link begründet das gesteigerte Interesse von Investoren in Life Settlements mit der Kreditverknappung Frank Creighton