Life
Investment Management, LLC
About Life Investment Management,
LLC
The individuals of Life Investment
Management, LLC (“LIM”)
bring 100 years of combined experience in the fields
of Asset Management, Life Settlement Industry, Pension
Fund Management, Insurance industry, Legal and Financial
Consulting. LIM has also established relationships with
sources of Settlement Contracts and investors. Additionally,
the company has developed proprietary software to underwrite
and analyze potential acquisitions.
The members of LIM have expert
knowledge of the Life Settlement industry and have
developed relationships with licensed Life Settlement
providers, expert 3rd party medical actuaries, and
underwriters. The management team has acquired, owned,
maintained, and disposed of multi-million dollar portfolios
of Settlement Contracts. The Managers will contract
3rd party tracking service companies to monitor the
viators’ status in order to distribute
funds upon maturities. The ability to quickly review
and underwrite purchase and sale opportunities will keep
us ahead of the competition.
The experienced, skilled, and multidiscipline staff
includes multiple Certified Public Accountants, Lawyers,
and Investment Analysts. The team feels with available
funds we can further develop and fund existing sources
to buy policies and move decisively to obtain policies
at prices to fit our criteria and offer attractive rate
of returns. The life settlement industry is constantly
evolving and the members of LIM feel they have a strong
pulse on the market.
Life Settlement Industry Overview
The term “Settlement Contract” refers
to a contract involving the sale, assignment, or transfer
of all or part of the face amount of a life insurance
policy or certificate of life insurance for consideration
less than the expected death benefit (or face amount)
of the insurance policy. The purchaser of a Settlement
Contract is required to pay any premiums and other amounts
required to maintain the life insurance coverage and
are entitled to receive insurance proceeds equal to the
face amount upon the death of the insured. Settlement
Contracts offer insureds an opportunity to sell their
life insurance coverage and eliminate the burden of paying
the related insurance premiums. Insureds may sell their
life insurance coverage for personal reasons, such as
financial or health circumstances, to make charitable
contributions, to settle debts and financial obligations,
or to pursue alternate investment opportunities
The net profit
generated on a Settlement Contract is the difference
between the proceeds realized from the policy upon
the death of the insured LIM’s strategy
is to maximize return by purchasing Settlement Contracts
that fit within the our specific acquisition criteria.
We believe that our knowledge of the market and the existing
inefficiencies in the industry will allow the identification
and acquisition of Settlement Contracts which meet favorable
target yields. Further, the activity in the industry
should provide opportunistic purchase situations for
the Company based on its ability to move quickly.
Industry sources project that sales of Settlement Contracts
in the secondary market will aggregate in the billions.
Industry sources project that Settlement Contracts entered
into 2005 will total nearly $10 - $15 billion, up form
$2 million in 1989. Given the amount of life insurance
policies in force in the United States, insurance industry
estimates place the potential for sale in the secondary
market at between $134 billion and $500 billion. Based
on these estimates, the market potential for Settlement
Contracts is significantly greater than has been achieved
thus far.
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