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Archive for May, 2009

Premium Financing is still a hot topic related to the Life Settlement Industry, we get a lot of emails and calls about specific types of premium finance and available programs. A popular question we get is in regards to how insurance carriers view premium financing, and is it risky?

Well we found a great resource that describes how carriers are working to protect themselves through the application process.

Here is the questions and answer:
Do Life Insurance Carriers agree with Premium Financing?

We are also ready to answer question, either call our toll free help line at 1-888-823-7764, or simply email us at questions@lifesettlementinfo.com

With the changes of on taxation of Life Settlement Investments, will Life Settlement become securities?

Although the SEC’s involvement in the life settlement market already comes into play for variable-life-insurance policies as well as the securitization of policies, a letter sent recently by SEC Chairman Mary L. Schapiro to Sen. Herbert Kohl, D-Wis., who is chairman of the Senate Special Committee on Aging, suggested that the commission will also look at the registration of life settlement providers and brokers. The SEC declined to comment further.

The Internal Revenue Service recently published guidance on taxing life settlements — both the lump sum that the seller receives and the income tax that the buyer pays upon receiving the insured’s death benefit. The move signals that the federal government is ready to act.

About new tax guidelines:
IRS Issues Two Groundbreaking Rules on Life Settlements

Read complete article:
Feds want to get their hands on life settlements, observers say

A lot of education opportunities out there for agents and investors. I think the amount of webinars will slow down once summer hits. Naturally the Life Settlement market is a little slower in the summer months, with a lot of seniors vacationing.

The International Society of Life Settlement Professionals (ISLSP) will host an informative webinar on Thursday, May 14 at 11 a.m. ET to introduce to investors the industry’s first risk assessment methodology. UK Integrity Group Ltd., a specialist services firm in the UK known for its excellence, quality and expertise, designed the risk assessment methodology which has been approved by ISLSP founder Andreas Hauss. As part of the risk alert webinar, Mark Leeds, shareholder at global law firm Greenberg & Traurig, will discuss how new IRS guidance on life settlement transactions should affect Life Settlement investors’ risk analysis.

“This is crucial, time-sensitive information for Life Settlement investors,” said George Polzer, Executive Director of ISLSP. “There are potential risks and traps in Life Settlement investments. Our webinar will educate the investors and help them truly understand how IRS rules 13 and 14 will affect their investments, and will outline professional risk assessment.”

The webinar is timely as it falls between two important events in the Life Settlement industry. The Life Insurance Settlement Association (LISA) recently held its spring conference in New York and DealFlow Media’s International Life Settlements Conference will take place in London next week. Participating in ISLSP’s webinar on May 14th will provide investors with advanced, in-depth understanding for proper selection of high-level Life Settlement opportunities.