State insurance regulators Monday voted in favor of a proposal that would allow carriers to terminate an annuity living or death benefit if a client sold the contract over the secondary market.

Oklahoma State University’s athletic fund and Lincoln National Life Insurance Co. are embroiled in a legal flap over a failed charitable-insurance-funding plan.

Today, Russel Dorsett, President of the Life Insurance Settlement Association (LISA), released the following statement:

Responding to the American Council of Life Insurers (ACLI) policy statement that the securitizations of life insurance settlements should be prohibited by legislation and regulation, Jack Kelly of the Institutional Life Markets Association (ILMA) said “once again ACLI has chosen to mix apples and oranges when condemning the life settlement market. The recent policy statement issued by ACLI concerning securitization of life settlements is misplaced and incorrect.”

A new association has formed to transfer longevity and mortality-related risk to the capital markets in the same way that some of the world’s biggest perils, such as hurricanes and earthquakes, are protected against by shifting the risk to investors via catastrophe bonds.

Life settlement packagers target B-Ds. But private placements of policy-backed securities raise concerns among independent broker-dealers. For the first time they can recall, several independent broker-dealers have been solicited by life settlement companies to sell private placements of securities based on life insurance policies.

The Life Insurance Settlement Association (LISA) has announced that the European Life Settlement Association (ELSA) has been named as an Honorary Member of the association, joining fellow European association BVZL as the second entity to receive the exclusive distinction.  Speaking to the appointment, LISA Executive Director Doug Head explained, “this move further strengthens our relationship with ELSA.  As the settlement market continues to grow and more capital flows from Europe, this relationship will be invaluable to both American and European interests.”

Life Partners Holdings, Inc. (NASDAQ GS: LPHI), a leader in the life settlements industry, announced today that it has been advised by Eide Bailly LLP that the firm has resigned as the Company’s independent registered public accounting firm effective January 13, 2010.

The death of financier Danny Pang, who was found dead in September while facing U.S. Securities and Exchange Commission charges of running a massive Ponzi scheme, has been ruled a suicide, coroner’s officials said on Monday.

In anticipation of the first-ever cross continental life settlement trade mission, event coordinators have released a complete and detailed agenda for public access. The 2010 Life Settlement Trade Mission (February 23-26) is a mutual effort by the two leading trade groups for their respective continents: in North America, the Life Insurance Settlement Association (LISA) and in Europe, the European Life Settlement Association (ELSA). The stated objective of the Trade Mission is to establish “a new standard for accuracy of information and a realistic presentation of the challenges and opportunities in the life settlement marketplace.”

Life Partners, a Waco, Texas-based provider, said today that its board has approved a special cash d...

Date: Fri, 03 Sep 2010 11:00:00 PST

Mark Engelhardt, former chief executive of Life Policy Group, said he was fired from the New York-ba...

Date: Thu, 02 Sep 2010 02:30:00 PST

A Pennsylvania legislator who introduced a bill that would prevent policies from being sold until fi...

Date: Thu, 02 Sep 2010 02:00:00 PST

SL Investment Management's two-year-old Life Plus Life Settlement Fund has earned a 10.26% return si...

Date: Tue, 31 Aug 2010 10:00:00 PST

Celebrity Betty White is showing no signs of slowing down as the octogenarian has seen a resurgence...

Date: Tue, 31 Aug 2010 06:15:00 PST

New York premium-finance company InsCap Management uncovered evidence of alleged forgeries in at lea...

Date: Tue, 31 Aug 2010 06:15:00 PST

The U.K.'s Financial Services Authority appears to be making good on its promise earlier this year t...

Date: Tue, 31 Aug 2010 06:15:00 PST

A dispute involving a New York fund manager affiliated with InsCap Management, which invests in life...

Date: Tue, 31 Aug 2010 06:15:00 PST

Executives of life settlement fund manager Policy Selection have launched a new income-earning fund ...

Date: Tue, 31 Aug 2010 06:15:00 PST

Mark Engelhardt, former chief executive of Life Policy Group, said he was fired from the New York-ba...

Date: Tue, 31 Aug 2010 06:15:00 PST