Life Settlement and Viatical Settlement News

Q Capital Strategies, LLC to Appear on World Business Review TV Series Hosted by Alexander Haig - September 17, 2005 on CNBC (As Paid Programming)

BOCA RATON, Fla.–(BUSINESS WIRE)–Sept. 15, 2005–Multi-Media Productions (USA), Inc. announces the appearance of Q Capital Strategies, LLC on World Business Review hosted by General Alexander Haig.

For many senior citizens, there are substantial amounts of money tied up in life insurance policies that may no longer be needed. But there are alternatives to simply surrendering the policies to insurance providers. In this segment of World Business Review, Q Capital Strategies, LLC will discuss new ways to cash in, or re-deploy, financial assets.

Steven Shapiro, President and CEO, Q Capital Strategies, LLC, explained, “Q Capital Strategies provides an important financial planning tool for older Americans. We accomplish this by unlocking value tied up in illiquid life insurance assets. We solve the problem by buying policies no longer needed or desired for an amount in excess of the cash surrender value and providing seniors with the proceeds to accomplish many different goals.”

About Q Capital Strategies

Q Capital Strategies, LLC is a leading purchaser of life insurance in the secondary market. The company purchases currently in-force life insurance policies in transactions known as “life settlements” or “senior settlements.” Supported by its proprietary QUOTE(TM) platform, the company is able to process and service the increasing policy volumes in this high growth industry. With a management team that has extensive insurance and finance experience, the company is positioned to be a leader in the life settlement industry for years to come.

Q Capital Strategies is a privately-held company with offices in New York City and Boca Raton, Florida. Additional information on the company is available at http://www.qcapitalstrategies.com

About World Business Review

World Business Review airs on CNBC (as paid programming) and the Bravo! Network (as paid programming). World Business Review may also be viewed on United Airlines in-flight TV, or through video on demand via www.wbrtv.com

The WBR Series is also available at more than 90 prestigious colleges and universities, including Carnegie Mellon University, the University of Notre Dame, Dartmouth College and Georgetown University.

Recent Ratings by Standard & Poor’s and the Scope Group Testament to Market Leader

BETHESDA, Md., Sept. 12, 2005 — Maple Life Financial has earned Standard & Poor’s (S&P) highest rating (STRONG) as a Consumer Finance Servicer of life settlements and has earned the highest rating in the U.S. life settlement industry for a life settlement provider (AA+) from the Scope Group (Scope). No other life settlement provider has earned both a STRONG rating from S&P and AA+ (VERY HIGH QUALITY) with a composite score of over 88 from Scope. This achievement distinguishes Maple Life Financial from all other competitors participating in the secondary market for life insurance and validates its market leadership position.

The rating process performed by the two premier rating agencies is comprehensive. S&P cited the company’s experienced management team and staff, solid internal controls, highly automated systems environment, consumer protections, and well-developed policies and procedures as reasons supporting their STRONG rating. Scope, a leading European rating agency, noted Maple Life Financial’s strong internal organization and technical infrastructure that provides scalability enabling increased third-party origination and servicing as evidence for their AA+ rating, indicating VERY HIGH QUALITY.

“From its very beginnings, Maple Life Financial has set out to do business the right way by offering financial strength, unsurpassed consumer protections, process transparency, and dedication to providing the highest standards of compliance and customer service. These ratings solidify Maple Life Financial’s leadership position in the marketplace and directly reflect what our customers have been saying for some time,” said Nate Evans, President and CEO of Maple Life Financial.

Maple Life Financial is a specialty finance company focused on providing innovative financial products for seniors, the professionals who serve them, and institutional investors interested in the secondary market for life insurance. Based in Bethesda, Maryland, Maple Life Financial is known as the best-capitalized life settlement provider, servicer, and lender with high standards of customer service and compliance. Maple Life Financial is a subsidiary of Maple Financial Group.

Maple Financial Group is a privately held global financial organization based in Canada. Maple Financial Group provides banking, securities, trust and financial services to financial institutions, corporations and individuals world-wide.

Please call 1-888-973-8377 to discuss a life settlement solution.

According to A.M. Best Data, some analysts are projecting that the potential life settlement market could exceed $100 billion and the value of life insurance covering seniors is expected to reach $492 billion as the population ages. Not always an option exclusively for retirees, the life settlement industry started in the wake of the HIV/AIDS crisis during the 1980s. Those suffering with the disease were selling their life insurance policies to pay for medical expenses. Today, the industry is two-fold: a life settlement is typically used by seniors over the age of 70 and a viatical settlement, the sale of a life insurance policy of an individual suffering from a terminal illness, is used by an AIDS patient or terminally-ill person with a life expectancy of two years or less.

A Life Insurance Settlement would be an ideal option for individuals who:

– Do not intend to leave an inheritance to beneficiaries or have heirs who have no need for money from a life insurance policy

– Have no need to allocate funds to pay for post-death expenses such as estate taxes

– Have no need to protect a business

– Are over the age of 70 with a life insurance policy of at least $500,000

– Are considering letting their life insurance policy lapse

– No longer have beneficiaries

– Are paying high insurance premiums that no longer justify the value of the policy

Get a FREE Life Settlement Quote and Evaluation or call 1-888-973-8377 to speak with a Life Settlement Professional.

Senior Life Insurance Settlement : Selling a life insurance policy including Senior Life Insurance.

A Life Insurance Settlement occurs when the insurance policy holder sells his existing policy back to a provider or company in exchange for a lump sum payment. The amount paid to the policyholder is a discounted value of the policy’s face value or the Net Present Value. In brief, a insurance policy settlement helps create immediate liquidity allowing the policyholder to make cash out of an unwanted or obsolete insurance policy within the guidelines of the policy. Senior Life Insurance Settlements have indeed revolutionized the Insurance Industry with life insurance policies having a net present day value. It offers a backup to reclaiming life insurance policies which soon become unwanted at a later stage in the life of the insured.

Earlier, if a senior citizen wanted to dispose a life insurance policy that had become old or obsolete, the only option was to terminate or cancel the policy. Senior Life Settlements on life insurance policies enables qualified policyholders to liquidate their policy for a price higher than its cash surrender value. Seniors are given an opportunity to make use of a financial opportunity based on an otherwise obsolete venture. Senior Life Insurance Settlements have become popular financial products and have a good secondary insurance market. Customers are thus in an advantageous position to surrender their life insurance policies at prices well above their cash value.

MIAMI, Fla. - Investors who claim they were defrauded in the purchase of life-insurance policies from the now defunct Mutual Benefits Corp. have reached a $10 million settlement with the firm’s lawyer.

The deal with Fort Lauderdale-based Brinkley, McNerney, Morgan, Solomon & Tatum would mark the first major settlement between more than 29,000 Mutual Benefits investors and about 50 defendants connected with the viatical-settlement provider.

In agreeing to settle, Brinkley McNerney denied any wrongdoing. It said in a recent court filing that it only settled to avoid additional court costs.

The settlement must be approved by a judge. The law firm’s insurer would be on the hook for the entire $10 million.

Michael W. Brinkley, a name partner for the firm and lawyer for Mutual Benefits, couldn’t be reached for comment.

“We’re pleased the matter has been amicably resolved, and we look forward to proceeding with the remainder of the case,” Michael Hanzman, a Coral Gables lawyer for the investors, said. Roberto Martinez, the court-appointed receiver, also was part of the settlement negotiations.

Other defendants in the case include individuals identified as principals of Mutual Benefits, sales agents and trustees for the investors’ money.

Mutual Benefits was the nation’s largest viatical-settlement company before it was shut down in May 2004 by regulators who allege it was an elaborate Ponzi scheme.

Viatical and life settlement companies buy at a discount the life insurance policies owned by the terminally ill and elderly in need of cash. The companies then sell the policies to investors, who collect the death benefits when the insured people die.

The Securities and Exchange Commission alleges Mutual Benefits used false projections in determining how long the insured people would live.

With many living longer than expected, the SEC claims Mutual Benefits paid the premiums with money raised from new investors. Lawyers representing Mutual Benefits in the SEC action dispute the allegations.

Investors accused Brinkley McNerney with negligence in its representation of Mutual Benefits. They charged the law firm “breached its duty by failing to ensure that Mutual Benefits and insider defendants were not supplying false information” to investors, according to the suit.

The suit didn’t provide any details, but Brinkley McNerney had advised Mutual Benefits that the insurance investments it sold were not securities subject to federal or state oversight.

A federal judge overseeing the Mutual Benefits case ruled last year the SEC had the authority to regulate the investments, a ruling upheld by a federal appeals court in May.

Westport Insurance Corp. and Liberty Surplus Insurance Corp., Brinkley McNerney’s insurers, will pay $7 million and $3 million, respectively, to settle the investors’ suit.

“It appears they had $10-million worth of coverage and every dollar is going to be turned over,” said Warren Trazenfeld, a Miami lawyer who specializes in suing attorneys. “It simply doesn’t get any better than that for plaintiffs.” He is not involved in the investors’ suit.

The investors’ attorneys are seeking fees of no more than $3 million, as well as reimbursement for expenses.

Source: Billings Gazette

Life Settlements have quickly become the #1 financial tool used to reduce or eliminate expensive life insurance premiums for senior citizens. The most prevalent benefit of Life Settlements to senior policy owners is the new money created above cash surrender value. The additional funds can be used in numerous ways to improve a senior’s financial condition. The most common is to use the new lump sum of money created by the Life Insurance Settlement to fund a new more suitable policy with lower premiums and better coverage. This saves the policy owner money on an annual basis. While this method is the most common use, there are many possible benefits for a Life Settlement.

VIATICAL INSURANCE

An investor lawsuit over the collapse of Fort Lauderdale’s Mutual Benefits Corp. has yielded a $10 million settlement with the firm’s lawyers.

BY PATRICK DANNER
[email protected]

Investors who claim they were defrauded in the purchase of life-insurance policies from the now defunct Mutual Benefits Corp. have reached a $10 million settlement with the firm’s lawyer.

The deal with Fort Lauderdale-based Brinkley, McNerney, Morgan, Solomon & Tatum would mark the first major settlement between more than 29,000 Mutual Benefits investors and about 50 defendants connected with the viatical-settlement provider.

In agreeing to settle, Brinkley McNerney denied any wrongdoing. It said in a recent court filing that it only settled to avoid additional court costs.

The settlement must be approved by a judge. The law firm’s insurer would be on the hook for the entire $10 million.

Michael W. Brinkley, a name partner for the firm and lawyer for Mutual Benefits, couldn’t be reached for comment.

‘’We’re pleased the matter has been amicably resolved, and we look forward to proceeding with the remainder of the case,'’ Michael Hanzman, a Coral Gables lawyer for the investors, said. Roberto Martinez, the court-appointed receiver, also was part of the settlement negotiations.

Other defendants in the case include individuals identified as principals of Mutual Benefits, sales agents and trustees for the investors’ money.

Mutual Benefits was the nation’s largest viatical-settlement company before it was shut down in May 2004 by regulators who allege it was an elaborate Ponzi scheme.

Viatical- and life-settlement companies buy at a discount the life insurance policies owned by the terminally ill and elderly in need of cash. The companies then sell the policies to investors, who collect the death benefits when the insured people die.

The Securities and Exchange Commission alleges Mutual Benefits used false projections in determining how long the insured people would live.

With many living longer than expected, the SEC claims Mutual Benefits paid the premiums with money raised from new investors. Lawyers representing Mutual Benefits in the SEC action dispute the allegations.

Investors accused Brinkley McNerney with negligence in its representation of Mutual Benefits. They charged the law firm ‘’breached its duty by failing to ensure that Mutual Benefits and insider defendants were not supplying false information'’ to investors, according to the suit.

The suit didn’t provide any details, but Brinkley McNerney had advised Mutual Benefits that the insurance investments it sold were not securities subject to federal or state oversight.

A federal judge overseeing the Mutual Benefits case ruled last year the SEC had the authority to regulate the investments, a ruling upheld by a federal appeals court in May.

Westport Insurance Corp. and Liberty Surplus Insurance Corp., Brinkley McNerney’s insurers, will pay $7 million and $3 million, respectively, to settle the investors’ suit.

‘’It appears they had $10-million worth of coverage and every dollar is going to be turned over,'’ said Warren Trazenfeld, a Miami lawyer who specializes in suing attorneys. ‘’It simply doesn’t get any better than that for plaintiffs.'’ He is not involved in the investors’ suit.

The investors’ attorneys are seeking fees of no more than $3 million, as well as reimbursement for expenses.

Source: Miami Herald

Bonded Life Settlements are insurance policies that have been underwritten to the standards of a bonding company, who, for a bonding premium, is willing to provide a performance bond warranting that should the policy not mature by a specified date, the bonding company will buy-out the purchasers’ interests in the policy at face value. The return on investment is typically lower on bonded policies because part of the purchase funds must be utilized to pay the performance bond premium… which is paid in a lump sum… up front… at closing. Some investors feel that the benefits of purchasing a bonded policy.

Life Settlement Pro can assist with bonded life settlement questions and applications, call 1-888-973-8377.

Here are a few Life Settlement Donor Benefits:

- Flexible new options to make donations.
- The opportunity to see the benefits of a gift during their lifetime rather than after their death.
- The ability to make a donation to you favorite fundraising organization or charity without depleting cash savings or losing income-producing assets.
- Getting a tax deduction for the fair market value (selling price) of the life insurance policy instead of only the cash surrender value.

Find out the value of your life insurance policy by filling out our online evaluation form, you can also speak with a Life Settlement Donation Specialist at 1-888-973-8377.

Many people do not understand that a life insurance policy can be sold, you should know that a life insurance policy is an asset that can be sold - just like real estate, a car, a boat, etc… A Life Settlement ( also known to Seniors as a Life Insurance Settlement or Senior Settlement ) is simply the sale of a life insurance policy by a senior citizen in return for a single payment (Settlement) of a lump sum of cash. Often, a life insurance policy becomes unwanted or unneeded due to such things as burdensome and expensive monthly premiums. Other times a life insurance policy is no longer useful due to the death or divorce of the beneficiary. With the help of a Senior Life Insurance Settlement or Senior Settlement a senior citizen can now sell of his or or life insurance policy and get cash they need today.

Find out if your policy qualifies and find out the amount that can be available through a life settlement by visiting our online policy evaluation form. You can also speak with a Life Settlement Professional by calling 1-888-973-8377.