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