Life-Exchange, Inc. Obtains Errors and Omissions Coverage
MIAMI–(BUSINESS WIRE)–Aug. 22, 2006–Life-Exchange, Inc. (Pink Sheets:LFXG), a business-to-business exchange for the life settlement industry, has obtained Errors and Omissions (E&O) Coverage in response to their recent growth and position in the market.
Obtaining E&O coverage demonstrates Life-Exchange’s commitment to strengthening its position within the Life Settlement community. Life-Exchange’s President and Founder, David Dorr, commented, “This is just another milestone for us. Our entry into this marketplace has put us on the radar screens of more than a few large firms and this coverage will allow us to provide them with an even higher level of comfort.”
With life settlements becoming more of a mainstream asset class, a growing number of financial institutions are looking at entering the life settlement market. “E&O coverage is another level of assurance we can provide the life settlement community that we value transparency, security and protection,” Mr. Dorr added.
About Life-Exchange, Inc.
Life-Exchange is the only independent, business-to-business exchange for the life settlement industry. Designed by industry leaders, Life-Exchange serves the secondary life insurance market by bringing together buyers and sellers of life settlement policies in a virtual, online marketplace with features specifically designed to improve regulatory compliance, increase customer value, reduce transaction costs, create new revenue models, and add efficiency to an otherwise inefficient market. Founded in 2004, Life-Exchange is headquartered in Miami, Florida. For additional information on Life-Exchange, Inc. visit http://www.life-exchange.com or call 866-907-9766.
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