Life Settlement and Viatical Settlement News

By Amy Glass
Life settlement funds are emerging as a fresh asset class as investors seek alternative investments uncorrelated to traditional investment markets.
Heralded as a socially-responsible alternative investment, a life settlement involves the purchase of a life insurance policy issued to a US resident after the insured is found to have an impaired life expectancy.
EEA Fund […]

WATERLOO, ON, Jan. 29 /CNW/ - Tony Duscio, President and CEO of Universal Settlements International inc. (USI) announced that he has stepped down from the leadership of the company he founded in 1995, effective January 25. 2007. Mr. Duscio has resigned from the company’s Board of Directors and will also divest himself of all of […]

WASHINGTON DC– (January 26, 2007) – Life Policy Dynamics, LLC, (“LPD”) announced
today the completion of its 4th quarter market analysis of the life settlement industry.  The market analysis provides life settlement funders and premium finance lenders an independent summary of economic values for life policies recently traded in the secondary market.  The analysis is based […]

MIAMI, FL — (BUSINESSWIRE - January 25, 2007) — Life-Exchange, Inc., (PINKSHEETS:
LFXG), the largest and only independent, electronic trading platform for the secondary life insurance market, announced today that it has filed a Form 10-SB registration statement with the Securities and Exchange Commission (SEC) to obtain a listing on the Over the Counter Bulletin Board […]

Peter Lombardi, the former president of Mutual Benefits, was sentenced to 20 years
in federal prison today for his role in defrauding some 28,000 investors out of
nearly $1 billion.
Lombardi pleaded guilty in October to one count of securities fraud. His prison
sentence doesn’t begin until April 9.
Mutual Benefits purchased the life insurance policies of the sick and […]