Life Settlement Info Blog

Is there a difference between Life Insurance Settlement and Life Settlements?

No, actually the term Life Settlements is shortened version or even a nickname for the longer term Life Insurance Settlements.

Life Insurance Settlements were created during the vaitical days, and yes, there is a difference between viaticals and life settlements. You can read the difference, here: Difference between Viatical and Life Settlement?

We bought the domain LiveSettlement.com and LiveSettlements.com to try to spawn even another nickname in the industry. The policy owners are still alive when selling a policy, so why not Live Settlements? Maybe if we build a nice sight and take a difference approach the phrase will take off. I guess we will have to wait and a see.

I am asked all the time from both beginners and veterans in the life settlement industry about conferences. I strongly believe they can be a great keep up with the current trends, regulations, and procedures. It also keeps you ahead of your competition by making yourself available to the latest practices to maximize your practice. Some other reasons to attend a life settlement conference or event are:

• Identify new opportunities for profit
• Networking, networking, networking
• Explore ways to compete in a rapidly evolving industry
• Gain insight into new and pending legislation
• Review latest trends and tactics
• Build relationships that will help grow your business
• Hear fresh perspectives from industry experts
• Education material to help grow your business

Take some time, to get your calendar out, see what shows/conferences/events are coming up and try to attend one. The time and money you spend should be well worth it.

Visit Life Settlement Conference for updated conference events and news in the industry.

Some positive news for Life Partners, and the life settlement industry. More credible investment opportunities could really increase the amount of available capital to continue purchasing policies.

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

Life Partners Holdings, Inc. (NASDAQ GM: LPHI), the parent company of Life Partners, Inc., announced today that its common stock will begin trading on the NASDAQ Global Select Market on Friday, January 2, 2009.

Life Partners CEO, Brian Pardo, commented, “Qualifying for listing on the NASDAQ Global Select Market represents a tremendous milestone in our company’s long and successful history. It is an honor to have our stock trade on the same exchange as some of America’s largest and best known companies.”

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

Source of press was Business Wire

I got an email from a reader who is in the process of acquiring his meds for a chance at a life settlement and he wasn’t sure what an LE stood for. So I decided to answer his question for everyone:

What is an LE (Life Expectancy)?

I a Life Expectancy is a third party medical assesment of one’s life expectancy. To sum things up, it basically tells you about how many years left you have to live. This is an important factor in pricing and obtaining offers for life settlement cases. The purchaser/provider/funder need to know how long they will have to invest premium dollars before they see a return on their investment.

The LE is established by reviewing medical records (including primary care and any specialists) within the last 3-5 years. It is also blended with a mortality curve to determine the amount of years/months the would assume you have before you pass.

Life Expectancy reports cost anywhere from $200 - $1000. Some of the providers include AVS Underwriting, 21st Services, ICS, Midwest, Fasano, and a few others.

If you have questions or would like to see how much your policy will sell for, call 1-888-823-7764 or fill out our Free Consulation Form by clicking here.

Found this great article discussing the current status of the life settlement industry. The couple paragrahs that drew my attention are listed below. This is one reason we will continue to provide useful and relevant information to both consumers and financial professionals.

Representatives from consumer groups and members of academia also discussed how understanding the perception of life settlements outside of the industry can help industry players better deal with clients and suppliers. Both groups suggested that the industry should present more independent data showing how life settlements can offer valuable financial benefits for qualified seniors.

A spokesperson for AARP, the largest membership organization for people age 50 and over with more than 39 million members in the United States, claimed that improved disclosure protocols would likely help consumer awareness and improve the life settlement industry’s public image.

“We are saying that [life settlements] can be a useful tool for people making end of life decisions,” said Ryan Wilson, strategic policy advisor for AARP. “What we really think is important is that the person entering the transaction fully understands all the consequences of the transaction.”

Read the complete article:
Life Settlement Industry Vows Renewed Effort to Promote Effective Legislative Policy Making and Consumer Education