http://www.lifesettlementpro.com/news Just another WordPress weblog Tue, 16 Oct 2007 14:02:12 +0000 http://backend.userland.com/rss092 en 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 ... http://www.lifesettlementpro.com/news/legacy-benefits-life-settlement-portfolio/ 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 ... http://www.lifesettlementpro.com/news/coventry-delivers-more-than-175-million-to-new-york-policyowners/ 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 ... http://www.lifesettlementpro.com/news/another-viatical-scam/ 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 ... http://www.lifesettlementpro.com/news/annual-life-settlement-volume-rises/ 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 ... http://www.lifesettlementpro.com/news/hedge-funds-a-threat/ Over the past 3 or 4 years, North Dakota's Republican Party and Jim Poolman have been cozying up to one little corner of the viatical settlement industry.  From all appearances, they specifically have been cozying up to the folks at one company:  InsCap.  The publicly accessible money trail between the ... http://www.lifesettlementpro.com/news/north-dakota-possible-life-settlement-scandal/ Florida To Develop Rule Requiring Extensive Disclosure To Viators In Viatical Settlement Transactions  On August 24, 2007, the Florida Office of Insurance Regulation (OIR) published a notice that it intends to develop a new rule that would require viatical settlement providers and brokers to make detailed and comprehensive disclosures to viators ... http://www.lifesettlementpro.com/news/florida-viatical-disclosure/ The Florida Office of Insurance Regulation said Monday that it reached a settlement in its investigation involving life settlements company Coventry First. The office said the Philadelphia-based company entered into a consent order requiring Coventry First to pay $1.5 million in costs related to the investigation. The company also agreed to ... http://www.lifesettlementpro.com/news/life-settlements-firm-settles-case-in-florida/ The National Conference of Insurance Legislators (NCOIL) decided on a conference call Tuesday that it would meet next month to discuss a proposed law to regulate life settlements. The meeting will be held either the week of Oct. 15 or Oct. 22. The location hasn't been decided. NCOIL is made ... http://www.lifesettlementpro.com/news/ncoil-life-settlement-meeting/ Your Sept. 9 column was about why people shouldn't buy a life insurance policy with a nonrecourse loan in order to sell it later to a life settlement company. I'm considering doing this. I understand from your column that although insurance companies might not like this arrangement, it is legal. ... http://www.lifesettlementpro.com/news/non-recourse-life-settlement/