Here in this life settlement news archive you will find summaries with links to articles relating to the sale of, investment in, regulation of and other aspects of life insurance regulations.
Topics include consumer news, investing, STOLI, regulations, NAIC and NCOIL models, life settlement securitization and other pertinent subjects.
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Two prominent regional life settlement companies form partnership to better serve their clients. LifeOptions and Life Advisors announce marketing alliance. Article at InsuranceNewsNet.com .
Update May 8, 2008
Advanced Underwriting Solutions
BlueCrest Life Settlements I Fund Selects Advanced Underwriting Solutions for Preferred Vendor Status. Press release on Business Wire
Update April 1, 2008
The Phoenix Companies, Inc. (NYSE: PNX) aims to change the world of life settlements. Commissions and fees will be fully disclosed and "are based on the ‘value created,’ or the amount that a consumer is offered over the policy’s cash surrender value. This aligns advisors with the best interests of consumers,” said Brien Tilley, president of American Brokerage Services. See the press release on Business Wire.
Kingsmill Capital Ventures Inc., a Canadian company, announced in a press release on Monday that it will pay C$7,696,077 for a pool of 557 life insurance policies with a combined face value of USD $42,011,584. KCV is acquiring the portfolio from Universal Settlements Inc. The revised price was determined after Kingsmill had completed due diligence on the insurance contracts.
Update March 30, 2008
In a report on new legislation before the Nebraska state congress the NPTelegraph reports that Coventry First LLC has hired three lobbying firms to represent its interests.
Update March 24,2008
Advanced Settlements, Inc. has announced the creation of its Life Settlement Learning Center
The learning center offers videos, articles, podcasts and a life settlement policy evaluator. Use of the center is free but a short registration form is a prerequisite.
On March 26 at 11:00 A.M. Eastern Time / 10:00 Central Time Life Partners Holdings Inc. will hold a conference call to discuss its 4th quarter results and fiscal year ending February 29, 2008. Press Release.
Life Settlement Companies in the News. Updated February 29, 2008.
"PSL offers US life policies fund, Thursday 14th February 2008: 10:00, By John Bakie. Policy Selection Limited (PSL) is offering a fund based on the US Senior Life Settlements market to UK IFAs and their clients."