life settlement services

The U.S. District Court for the Southern District of New York recently ruled on the parties’ motions for summary judgment in Settlement Funding, LLC v. AXA Equitable Life Ins. Co., No. 09 CV 8685 (HB) (S.D.N.Y. Sept. 29, 2010), holding that egregious facts may permit an insurer’s rescission of a life policy after expiration of the policy’s two-year incontestability period. Plaintiff Settlement Funding, the assignee of a $5 million insurance policy on the life of Esther Adler, sought summary judgment on its claim for recovery of insurance proceeds following Ms.

The specialist asset manager said the asset class was appealing because of its low correlation, low volatility and returns of nine to ten per cent, however it required sophisticated investors.

Life Settlements funds operate by buying the legal rights to multiple US life policies, paying policy premiums and generating a return by collecting the entire death benefit of the policy upon the death of the insured.

SL Investment said the lack of a standard valuation base meant it was very difficult to compare one fund with another.

European Life Settlement Market Comes of Age
Trade Association Launched to Represent Eur9.5bn Asset Class
Europe’s life settlement industry officially comes of age today with the launch of its
new trade body, the European Life Settlement Association (ELSA). The association
has been established to promote highest standards, and to educate and inform retail
and institutional investors seeking assets that are uncorrelated with equities and
unaffected by volatility in global markets. The launch of ELSA follows a survey of

Major Life Expectancy Providers (LEPr) have formed a focus group to provide best practices standards and transparency to the life settlement and longevity markets.

Examples of important Life Settlement topics covered by CPE NASBA approved seminar presented by Integrity Life Solutions, LLC – “Life Settlements: Introduction and Best Practices”

Definition: Life Settlement: The purchase of a life insurance policy by an investor (in the secondary market for life insurance) where the policy’s insured is of advanced age (a senior, or otherwise has a relative low life expectancy) for an amount greater than the cash surrender value of that policy.

Lessons of Keydata shape European Life Settlements Association Code of Practice

The European Life Settlements Association (ELSA) has today launched a Code of Practice designed to increase protection for investors in the expanding asset class of life settlements. The publication of the Code comes at a time of controversy for life settlements, which have come under increasing scrutiny from regulators and media alike as the asset class has spread further into the retail market.

The roundtable was told only one provider in the UK was selling traded life policy funds through a promoter regulated by the Financial Services Authority (FSA).

Participants in the debate argued more direct regulation of product providers' would be highly advantageous and would help raise the quality of their marketing material, the debate concluded.

The marketing material used by traded life policy fund providers was severely criticised in February this year by Peter Smith, head of investment policy in the conduct policy division at the FSA.