Life Settlement and Viatical Settlement News

Legacy Benefits and Mofet Holdings Announce Strategic Investment Legacy to Expand into Life Settlement Portfolio Trading  
Legacy Benefits Corporation (New York), a recognized leader in the life settlement industry, announces a strategic partnership with Mofet Holdings, Ltd. to broaden Legacy’s role as principal in the origination and trade of life insurance settlements and portfolios. As
part […]

Coventry Delivers More than $175 million to New York Policyowners
Fort Washington, PA – October 15, 2007 – Coventry First, the leader in the secondary
market for life insurance, announced today that it has paid  New York consumers $175
million for their life insurance policies. Had the policies been surrendered to the life insurance companies, the consumers, […]

Guarantee in alleged Ponzi scheme called fiction
Two indicted men pushed bonds that were supposed to ensure ‘viaticals’ payoff.

By Dale Kasler
Pouring $430,000 into obscure investments called “viaticals,” John Wilson never wavered. The deal came with a security blanket: bonds issued by a Michigan company ensuring his payoff.
“It was guaranteed and insured, and there was no […]

Conning Research: Annual Life Settlement Volume Rises to $6.1 Billion in 2006 
HARTFORD, Conn., Oct. 9 /PRNewswire/ — From virtually no activity a decade ago, investment managers are raising capital on a global scale to invest in the new asset of life settlements. The result is an increasing number and value of life insurance settlements to […]

I found this article when I was searching for more Life Settlement News. It is mainly about money laundering but then discusses a little a bit about a life settlement scenario.
The problem with this article is that his numbers do not make any sense at all. An $8 million life insurance policy selling for $4 […]