They represent you to ensure you receive the best possible price from domestic and international institutions competing for your policy. Call them now toll free at 1-855-774-5353.

HunterWest LifeMarkets Inc.
8939 S. Sepulveda Blvd. Suite 102
Los Angeles, CA 90045

Listed on the Missouri and Michigan pages…

Fasano Conference in Washington DC will include a “point – counterpoint” discussion between Phil Hall, Managing Director of Highland Capital, and Dan Knipe, Life Portfolio Manager at Leadenhall Capital Partners, as to Whether Pension Funds should be Long or Short on Life Settlements. Said Michael Fasano, “The life settlement industry has been trying to attract pension dollars for quite some time now, and there are some compelling arguments in support of that position. At the same time, there are strong arguments as to why a pension fund would reduce its risk exposure by shorting life settlements. So I think this will be a compelling discussion.”

The Conference also includes an analysis by David Miles, CEO of Miles Capital on the Role of Life Settlements in a Fixed Income Portfolio and a presentation by Matt Popoli, Senior Managing Director of Reservoir Capital, on an Investor’s View of the Life Settlement and Longevity Markets.

Fasano added, “The quality of our presentations this year is the best I have ever seen. Dr. Jochen Russ will be presenting groundbreaking original research on Predictions for Mortality Improvements, and Deutsche Bank’s Pretty Sagoo will talk about the U.K. based Life & Longevity Markets Associations (LLMA) and LLAMA’s Role in Longevity Markets.”

The Fasano Conference will also include a session on Portfolio Valuations by Allan Morris, Director of Risk Management at KPMG, and will open with a presentation by Michael Lovendusky, Vice President of the ACLI (American Council of Life Insurers), on “The Relationship Between Life Insurance and Life Settlements: Can We Get Along?”

The Fasano Conference is a one-day event, with cocktails and dinner following the presentations. With a registration fee of only $395 and eight original presentations, Fasano characterized its Conference as “the best value in the business.” The detailed agenda and information about invitations to the Conference are available at www.fasanoassociates.com.

Carlisle Management Company, the Luxembourg-based alternative fund manager, has again been invited to present at Ascor’s annual Life Settlement Educational Conference in Geneva, Switzerland. The presentation will be led by Jose Garcia, CEO of Carlisle, and will take place at Federation des Entreprises Romandes, in Geneva, Switzerland on Thursday, November 3rd 2011.

This informational forum will focus on highlighting to the investor community the versatility of a Life Settlement investment. By making use of financial engineering, Life Settlements can also be employed to offer a number of other opportunities with dynamic strategies and hybrid products. Leading experts will also discuss and debate the issues that the asset class encounters, new transparency and index initiatives and the future challenges to be aware of in the Life Settlement industry.

Other Speakers:

Scott Birnbaum, Operating Partner of Kohlberg & Company Beat Hess, Managing Partner of AA Partners Jean-Philippe Callaud, Consultant at Ascor Jose Garcia, Chief Executive Officer of Carlisle.

SOURCE: Carlisle Management Company

Is the life settlement funder, investor representative, or life settlement broker required to keep your information confidential?

Yes, information you provide to the life settlement company or broker should remain confidential and only viewed bye approved professionals relating directly to your case. Remember, that a life settlement can be complicated with underwriters, brokers, medical staff and others examining your case.

Confidentiality is important is should be a huge responsibility of your chosen company, but multiple entities could be reviewing your information.

If you are filling out an application and the insured is the owner, you will not need to provide the information again.

Trust Ownership
If the owner is a trust you will most likely need to provide the name of the trust, date of agreement, state of domicile, and names of all trustees.

Most Common Required Items
Full Name of Owner
Address (Full address)
SS# or Tax ID

Has the owner ever declared bankruptcy? Yes/No (If Yes, you will need to attach the discharge papers)

Name of beneficiary
SS#
Address (Full Address)

Owner, insured and other policy information is required for initial processing and a full detailed life settlement quote.

Hope this helps…

Here is a sample overview of what may be required and terms.

• Policy Type: Individual policies or Portfolio financing
• Duration: 90 days to 48 months available.
• Submission Information Needed: Current in-force illustration, AVS / 21st or executed FLS documents (available upon request)
• Loan Type / Collateral: Policy is the only collateral required
• Interest Rate: 1% per month if paid monthly (compounded daily) or 1.5% per month if paid upon maturity (compounded daily).
• Origination Fee: 5% origination fee on borrowed funds plus applicable legal fees
• Policy Requirements: Policies must be non-contestable and lender performs full medical underwriting
• Agent / Broker compensation: Up to 1% of face to be built into the loan on select policy financing.

If you have any questions or would like to see if your policy will fit this type of financing, pleas call 1-888-823-7764 and will find someone to assist.

Here is an answer that may help you…

Receipt of a life settlement may affect your eligibility for public assistance programs such as medical assistance (Medicaid), Aid to Families with Dependent Children (AFDC), supplementary social security income (SSI), and drug assistance programs. The money you receive for your life insurance policy also may be taxable.

*Before completing a life settlement contract, you are urged to consult with an attorney, accountant, estate planner, financial planning advisor, your insurer or insurance agent, tax advisor, or a social service agency concerning how receipt of a payment will affect you, your family, and your spouse’s eligibility for public assistance.

For more information about life settlement generally, contact the Department of Insurance in your state of residence.

Shares of Life Partners Holdings Inc (LPHI) hit a new 52-week low on Tuesday. The stock traded as low as $6.91 during mid-day trading and last traded at $7.22. The stock previously closed at $8.17.

Life Partners Inc is engaged in the secondary market for life insurance known generally as life settlements. LPI facilitates the sale of life settlements between sellers and purchasers, but does not take possession or control of the policies. The purchasers acquire the life insurance policies at a discount to their face value for investment purposes. Life settlement transactions involve the sale of an existing life insurance policy to another party. By selling the policy, the policyholder receives an immediate cash payment to use as he or she wishes. The purchaser takes an ownership interest in the policy at a discount to its face value and receives the death benefit under the policy when the insured dies.

On a related note, analysts at Zacks Investment Research downgraded shares of Life Partners Holdings Inc from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, February 1st.

Current stock chart on February 16, 2011 at 10:40 am eastern:

Located on Bloomberg

We will post updates when we hear more. We have seen more and more portfolios offered in the secondary market, most of them with a large percentage of premium financed policies…

California

They include Abacus Settlements, Axis Thought Capital, Credit Suisse Life Settlements, Econotree Capital, Institutional Life Services, Legacy Benefits, Lifetrust, Progressive Capital Solutions, Proverian Capital Settlements, Q Capital Strategies, according to the California Insurance Department website.

Other companies operating in California while their licenses are reviewed include Berkshire Settlements of Atlanta, Ga.; Caldwell Funding Corp. of Stamford, Conn.; Fairmarket Life Settlements of St. Louis Parke, Minn.; Financial Life Services of Stamford, Conn.; GWG Life Settlements of Minneapolis, Minn.; Life Partners of Waco, Texas; Life Settlement Corp., which also operates as Peachtree Life Settlements, of Boynton Beach, Fla.; Life Settlement Solutions of San Diego, Calif.; Lotus Life of Greenwich, Conn.; and Maple Life Financial of Bethesda, Md.

Also, Montage Financial Group of Mission Viejo, Calif.; Portsmouth Settlement Co. of Fayetteville, Ga.; Secondary Life Capital of Washington, D.C.; Senior Settlements of Moorestown, N.J.; Settlement Group of Saint Marys, Ga.; SLG Life Settlements of Atlanta; Spiritus Life of Roseville, Ca.; Trinity Life Settlements of Downers Grove, Ill; and ViaSource Funding Group of Bernards Township, N.J., according to California records.

On Jan. 1, California Senate Bill 98 repealed the existing viatical settlement law, revising the law to define those and other specific financial arrangements as “life settlements.” Effective July 1, the law also prohibited a person from entering into or effectuating a life settlement contract with an owner unless that person holds a Life Settlement Provider license.

A total of 39 companies, including 10 that were previously declared viatical providers, may now operate in the state.

According to the California Insurance Department website, the previously approved viaticals now able to operate in California as licensed life settlement providers are CMG Surety of Naples, Fla.; Coventry First of Fort Washington, Pa.; Habersham Funding of Atlanta, Ga.; Legacy Benefits Corp. of New York, Life Equity of Hudson, Ohio; Life Settlement Financial of San Rafael, Calif.; Life Settlements International of New York; Magna Life Settlements of Coral Gables, Fla.; Neuma of Skokie, Ill.; and Wm. Page & Associates of Atlanta, Ga.

Source: Insurance & Financial Advisor