Now that the initial enrollment period for health care is over, it's time to sift through the data and get ready for the next enrollment period.
The Lifeline Program recently announced that it will take strong action to protect investors and seniors by requiring that all high net worth seniors selling a life insurance policy as an asset agree to a paramedical examination by a licensed physician prior to executing a life settlement contract...
After Pioneering the Life Settlement Asset Class, The Lifeline Program®
Now Leads The Way In The Charge To Reinvigorate Investor and General
Agency Confidence In Life Settlements
The Lifeline Program®, recently announced that it will
take strong action to protect investors and seniors by requiring that
all high net worth seniors selling a life insurance policy as an asset
agree to a paramedical examination by a licensed physician prior to
executing a life settlement contract with the company. Wm. Scott Page,
founder of Wm. Page & Associates, Inc. d.b.a. The Lifeline Program®,
in creating a simple solution to a friend’s financial problems in the
late 1980s by selling the ownership of his friend’s life insurance
policy to an investor, created one of the first life settlements and
paved the way for thousands of individuals to discover the potential
value of selling an existing life insurance policy, is once again at the
forefront of efforts to solidify investor confidence and protect seniors
in life settlements.
“Over the past 20 years, The Lifeline Program® has
taken the most conservative positions in the industry regarding
transparency and legitimate insurable interests. Today, we continue to
implement the kind of substantive underwriting processes necessary to
develop as full and comprehensive an understanding of the life
expectancy of the insureds from whom we buy policies to ensure the most
acceptable offers for their asset and predictable returns on our
investors’ capital,” stated Scott Sanders, Director of Capital Markets
at The Lifeline Program.
The Lifeline Program®, to mitigate extension risk,
which is the single most significant risk to return in a properly
structured pool of Life Settlements, now requires an independent
paramedical examination, by a licensed physician, to any insured seeking
to sell a policy with a high face value. This practice seeks to prevent
the acquisition of policies that have overly optimistic life expectancy
projections, caused by the abbreviating affect on life expectancies of
unverifiable, unobservable health status claims such as “loss of memory”
These pioneering actions executed by The Lifeline Program®
continue to demonstrate industry setting standards and practices. When
seniors, financial professionals and capital work with a reputable, well
capitalized partner that takes meaningful steps to protect seniors and
investors, a comprehensively underwritten and properly structured life
settlement portfolio holds out the promise of a safe haven asset that
generates solid, predictable returns and no risk to invested capital.
About The Lifeline Program:
The Lifeline Program®, a division of Wm. Page and
Associates, Inc., is a life settlement provider based in Atlanta, GA.
Since its founding in 1989, The Lifeline Program® has
underwritten and funded more than $1.5 billion in life settlements,
including $750 million during the market heights of 2007 and 2008. The
Lifeline Program® offers life settlement portfolio
aggregation services and alternative investment opportunities to
financial institutions, fund managers and other investment entities. The
company partners with general insurance agencies and broker dealers to
establish life settlement business lines to assist seniors with
retirement planning options.
Recently, the company has also extended its marketing agreement with
actress Betty White who has, for 5 years, been the most famous face in
life settlements. For more information on life settlements, contact
Stephen Terrell of The Lifeline Program at 770-724-7300 or visit www.thelifeline.com.
Link to a hi-resolution photo of Betty White at: http://www.thelifeline.com/en/press_bettywhite_photo.php
For The Lifeline Program®Media Contact:Hedge
Fund PRWill Thompson, email@example.com@hedgefundpr.net
Source: The Lifeline Program