November 30, 2011
HUDSON, OH — Life Equity, an Ohio-based Life Settlement provider and asset servicer, is pleased to announce that it will be hosting a webinar that will focus on Life Settlement policy supply in the secondary market. The webinar will give institutional investors the opportunity to hear presentations from leading industry figures outlining their expectations for 2012.
The webinar will be held at 11am EST on Wednesday, December 7th and will feature presentations from Ryan T. Wilson, Strategic Policy Advisor at AARP, Paul Siegert, President and CEO at the Insurance Studies Institute and John Welcom, CEO at Life Settlement Broker, Welcome Life Financial.
“Analyzing policy supply trends and understanding the factors that influence supply has become increasingly more important,” commented Kyle Kibler, Chief Executive Officer of Life Equity. “Investors have become more specific in terms of policy characteristics they are seeking. As a Life Settlement Provider, we are communicating these characteristics to the market and expect investor requirements to become a more significant influence on supply channels.”
“Policy supply has been a hot topic in the media recently as the number of life settlement transactions has decreased over the past few years,” said Mr. Welcom, CEO at Welcome Life Financial and webinar panelist. “While many view this as a contraction in the market, we see this as an opportunity to rebuild and bring the market back to what it was intended to do – provide a valuable financial option for senior policyholders who would otherwise lapse or surrender their life insurance coverage.”
Participation in the webinar is complimentary for a limited number of new and existing Life Settlement investors. To register for the webinar, follow the link found at www.LifeEquity.com or contact Chris Wells at Chris@LifeEquity.com.
Click Here to Register
About Life Equity LLC
Life Equity LLC is a life settlement provider and asset servicer that assists institutional investors with policy acquisitions and post-acquisition policy management. Life Equity has earned international recognition as a leader in the life settlement marketplace with a reputation of adherence to the highest ethical, professional and legal standards. Life Equity was founded in 2000 and is headquartered in Hudson, OH. For more information, visit www.lifeequity.com.
Chronos Life Group, a Kohlberg & Co. portfolio company, owns a majority interest in Life Equity LLC. For more information, visit www.kohlberg.com.
September 29, 2011
Life Equity, an Ohio-based Life Settlement provider and asset servicer, is pleased to announce that it will be hosting a webinar that will focus on insurable interest laws and the impact of the Kramer, Teren and recent Delaware cases.
The webinar will be held at 11am EDT on Wednesday, October 12th and will feature presentations from Steven Sklaver, Partner at one of the nation’s leading litigation boutique law firms, Susman Godfrey, and counsel in the Teren and Kramer cases, and Bob Colacarro, General Counsel at Life Equity.
“Insurable interest laws vary state by state, and the recent appellate decisions issued by courts across the country have had a dramatic effect on the insurable interest litigation risks (and hence investor risks) of certain life settlements,” said Mr. Sklaver.
“Investors are often uncertain about the insurable interest risks associated with life settlement transactions,” said Mr. Colacarro. “Insurable interest is indeed a factor that potential purchasers should consider when reviewing a policy. Investors who conduct proper due diligence and partner with licensed life settlement providers and other intermediaries can mitigate significantly any potential insurable interest risk associated with life settlements.”
Participation in the webinar is complimentary for a limited number of new and existing Life Settlement investors. To register for the webinar, follow the link found at www.LifeEquity.com or contact Chris Wells at Chris@LifeEquity.com.
Click Here to Register for the Webinar
August 4, 2011
Have you ever looked at your policy’s maturity illustration and wondered why the premiums were fairly high when your policy was building no cash value? The carrier may be applying your premiums to what some refer to as the policy’s “shadow account.” Although most carriers refer to it by different names, such as “Coverage Protection” or “Lapse Protection,” the concept is all the same. Premiums are being applied to an account that has its own costs and expenses. These charges are usually less than the policy’s regular COI. It may be possible to reduce premiums or, depending on premiums already paid, eliminate them for a few years by utilizing the “shadow account.”
How do you know the COI or the value of your “shadow account”? The majority of the time it is difficult to calculate. Life Equity has worked with carriers to obtain illustrations that help utilize these policy provisions. In many cases, Life Equity has significantly reduced our clients’ premium payments, resulting in better returns. You, too, may benefit from a review of the policies in your portfolio to determine whether you can benefit from “shadow accounts.”
If you would like to learn more about Life Equity and our policy management services, please contact us.
Tedd Mirgliotta
Financial Engineer
Direct: 330.655.7527 |
Ward Kerr
Chief Marketing Officer
Direct: 330.655.7528 |
June 1, 2011
Life Equity continues to enhance the level of service that it provides to clients and has recently launched a new portal service. Life Equity Access Portal, or LEAP™, provides Life Equity’s servicing and policy management clients with online access to their policy, insured and portfolio related data and documents. LEAP™ was developed with the latest web toolsets and features include:
- Real-time access to policy and insured information for an up-to-date portfolio view
- Built-in sort, filter and drill-down functionality for fast access to summary or detailed data
- Download and export capabilities for easy document retrieval and off-line data analysis
- Web-based service providing access from virtually anywhere in the world 24/7/365
- Highly secure sessions requiring user authentication and utilizing 2048 bit encryption
If you would like to learn more about Life Equity’s service offerings, please contact us.
Kyle Kibler
Chief Executive Officer
Direct: 330.655.7521 |
Elaine Kuebler
Services Manager
Direct: 330.655.7510 |
April 25, 2011
Life Equity continues to expand service offerings to its clients and is pleased to announce the launch of an enhanced level of Premium Payment Services.
Life Equity is now administering monthly premium payments on behalf of its clients. We have developed an economical, streamlined solution to handle all aspects of the premium payment process including:
· Monthly advice of premium amounts due
· Administration of premium payments to the carrier
· Confirmation of premium payment application
· Monthly reporting
If you would like to learn more about Life Equity’s effective end-to-end solutions for the life settlement industry, please contact:
Ward Kerr
Chief Marketing Officer
Phone: 330.655.7528
March 8, 2011
Chronos Life Group, a Kohlberg & Company portfolio company, has completed the acquisition of a majority ownership interest in Life Equity LLC, an Ohio-based life settlement provider and asset servicer.
To read more about the acquisition, click here to read Life Equity’s press release.
