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RJ Law Firm, PC https://www.rjlawpc.com Life Settlement Attorney and Viatical Settlement Attorney Wed, 30 Jul 2014 22:28:44 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 56438851 RJ Law Firm, PC Announces Establishment of News Blog https://www.rjlawpc.com/rj-law-firm-announces-establishment-of-news-blog/ Thu, 22 Aug 2013 00:15:18 +0000 http://rjlawpc.com/?p=4501 RJ Law Firm, PC is pleased to announce the establishment of our industry news blog located at www.rjlawpc.com.  Visitors to our can subscribe to our news blog for free to receive immediate email updates concerning our relevant practice areas and industries., including business litigation, corporate counseling, escrow services, life settlement and viatical settlement compliance.  We hope […]

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RJ Law Firm, PC is pleased to announce the establishment of our industry news blog located at www.rjlawpc.com.  Visitors to our can subscribe to our news blog for free to receive immediate email updates concerning our relevant practice areas and industries., including business litigation, corporate counseling, escrow services, life settlement and viatical settlement compliance.  We hope you find the information on our site to be both valuable and informative.

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RJ Law Firm, PC Announces Launch of New Website https://www.rjlawpc.com/rj-law-firm-announces-completion-of-website-and-opening-of-news-blog/ Tue, 20 Aug 2013 19:16:52 +0000 http://rjlawpc.com/?p=4432 We are pleased to announce the completion of RJ Law Firm, PC’s new website.  The site, located at www.rjlawpc.com, not only provides information about the firm, it also contains a wide variety of news regarding the viatical settlement, life settlement and financial industries.  We are excited to “cut the ribbon” on our new site.

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We are pleased to announce the completion of RJ Law Firm, PC’s new website.  The site, located at www.rjlawpc.com, not only provides information about the firm, it also contains a wide variety of news regarding the viatical settlement, life settlement and financial industries.  We are excited to “cut the ribbon” on our new site.

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Investors Finding Quality Deal Flow in Life Settlement Market https://www.rjlawpc.com/investors-finding-quality-deal-flow-in-life-settlement-market/ Wed, 14 Aug 2013 18:36:43 +0000 http://rjlawpc.com/?p=4404 NEW YORK, Aug. 7, 2013 /PRNewswire/ — The Deal, TheStreet’s (NASDAQ: TST) institutional business, today issued results from its annual survey of the life settlement market showing an 11.8% decline of transactions from 2011 to 2012 as a result of continuing legal and regulatory hurdles facing large, premium-financed policies. The figures are based on data gathered from state insurance […]

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NEW YORK, Aug. 7, 2013 /PRNewswire/ — The Deal, TheStreet’s (NASDAQ: TST) institutional business, today issued results from its annual survey of the life settlement market showing an 11.8% decline of transactions from 2011 to 2012 as a result of continuing legal and regulatory hurdles facing large, premium-financed policies. The figures are based on data gathered from state insurance regulators.

“Despite the decline in transaction volume and the steep drop in the value of policies settled, we’re still finding that providers are remaining upbeat about the market’s prospects,” said Donna Horowitz, Senior Editor for The Deal. “Money has begun returning to the market and multiple bids on fewer policies are driving policy values up.”

Highlights from the report include:

  • Overall, the number of transactions declined by 11.8% to 1,187 in 2012 from 1,346 in 2011.
  • The total face value of policies sold declined to $2.12 billion from $5.06 billion.
  • Top five settlement buyers:
    • Coventry First remained the largest life settlement provider. Policies it purchased had an average face value of$659,000 each in 2012, compared with $3.79 million in 2011. Coventry bought 597 policies in 2012 for a total of$72.4 million.
    • Magna Life Settlements, Inc. of Austin, Texas, was the second largest provider with 85 transactions. This represented a decline of 21% from its 107 transactions in 2011. It paid $24 million for $209.2 million in death benefits in 2012, compared with $22.9 million for $194.3 million in face value in 2011.
    • Legacy Benefits, LLC of New York was the third-largest buyer with 54 transactions. Legacy’s business tripled in 2012, as far as transaction volume. Its 54 settlements compared to 18 in 2011. It paid $10.2 million for $41 millionin face value in 2012 compared to $3.77 million for $29.9 million in face value the year before.
    • Settlement Group, Inc. of St Mary’s, Ga. was the fourth-most-active buyer with 53 transactions, up 26% from 2011. The firm paid $24.7 million to sellers representing $149.7 million in face value.
    • Life Equity, LLC of Hudson, Ohio was the fifth largest provider with 50 transactions, 22% more than in 2011. It paid$12 million for $137.7 million in face value.

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Life settlements are a win-win for consumers and investors https://www.rjlawpc.com/life-settlements-are-a-win-win-for-consumers-and-investors/ Wed, 14 Aug 2013 18:11:15 +0000 http://rjlawpc.com/?p=4401 Groundbreaking research shows secondary life insurance market benefits both Powerful new research based on a study of more than 9,000 life insurance policies, reveals that Americans who sold their unwanted life insurance policies, collectively received more than four times the amount they would have received had they surrendered them to their life insurance companies. The […]

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Groundbreaking research shows secondary life insurance market benefits both

Powerful new research based on a study of more than 9,000 life insurance policies, reveals that Americans who sold their unwanted life insurance policies, collectively received more than four times the amount they would have received had they surrendered them to their life insurance companies.

The study of insurance policies with an aggregate death benefit in excess of $24 billion will be presented today by Professor Narayan Naik, at an event at London Business School.

Narayan Naik, Professor of Finance, London Business School, says: “The evidence suggests that the life settlement market has helped significantly in enhancing the welfare of policy-owners who, instead of surrendering, sold their life insurance policies in the secondary market”.

The study also found that the average expected return for qualified, institutional investors purchasing the large sample of life settlements was 12.5% per annum, which was 8.4% in excess of treasury yields. During recent years, the study found that the average expected return had risen substantially to 18.3% per annum in 2011, some 15.9% in excess of treasury yields.

As the expected return depends critically on the life expectancy of the insured, the independent and comprehensive study conducted sensitivity analysis. It found that even if you assumed life expectancy estimates had been understated by three years, investors purchasing this sample of life settlements could still have expected a positive return of 3.2% per annum.

Given the expected return and the fact that longevity risk is largely uncorrelated with other financial markets, Professor Naik’s concludes: “The life settlement option appears to be an interesting investment opportunity for institutional investors willing to include longevity risk in their portfolio and to commit capital for the medium term.”

Furthermore, the study also highlighted that the additional source of tax revenue the market provides to the government could potentially be used to fund socially beneficial welfare programs such as Medicaid and Medicare.

The research has been welcomed by the European Life Settlement Association (ELSA).

Simon Erritt, Chair, ELSA, said: “ELSA welcomes this groundbreaking research and the spirit of transparency and openness that lies behind it, and believes that further collaboration between the market and the academic community will help cement the industry’s growing reputation as a socially-responsible and financially-compelling alternative to traditional investment asset classes.”

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Life Settlement Industry Veteran Announces Formation of RJ Law Firm, PC https://www.rjlawpc.com/life-settlement-industry-veteran-announces-formation-of-rj-law-firm-pc/ Mon, 12 Aug 2013 21:36:22 +0000 http://rjlawpc.com/?p=4459 We are pleased to announce the formation of RJ Law Firm, PC, led by life and viatical settlement industry veteran Rick B. Johnson.  The firm, located in Tustin, California provides legal services to clients in the financial, insurance, life settlement and viatical settlement markets.   Mr. Johnson is excited to provide RJ Law Firm’s new platform and […]

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We are pleased to announce the formation of RJ Law Firm, PC, led by life and viatical settlement industry veteran Rick B. Johnson.  The firm, located in Tustin, California provides legal services to clients in the financial, insurance, life settlement and viatical settlement markets.   Mr. Johnson is excited to provide RJ Law Firm’s new platform and footprint to his client base.

To learn more about RJ Law Firm, PC, please explore the firm’s website at www.rjlawpc.com.

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Top 5 Life Settlement Buyers in 2012 https://www.rjlawpc.com/top-5-life-settlement-buyers-in-2012/ https://www.rjlawpc.com/top-5-life-settlement-buyers-in-2012/#comments Tue, 13 Aug 2013 03:24:45 +0000 http://rjlawpc.com/?p=4187 Keeping with a four-year tradition, the number of transactions in the life settlement industry declined in 2012, with the total face value of policies purchased cut in half. That’s according to a recent report by The Deal, TheStreet’s institutional business research arm. Its annual life settlement report states that the number of transactions fell by […]

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Keeping with a four-year tradition, the number of transactions in the life settlement industry declined in 2012, with the total face value of policies purchased cut in half.

That’s according to a recent report by The Deal, TheStreet’s institutional business research arm. Its annual life settlement report states that the number of transactions fell by 11.8 percent to 1,187 in 2012 from 1,346 in 2011, while total face value of policies sold declined sharply to $2.12 billion from $5.06 billion.

Though the life settlement market has been in a downward spiral for years, the report claims that Coventry First may have helped push it further in that direction. The company’s chief executive, Alan Buerger, has publicly advocated in recent months for the industry to focus more on smaller face value policies. (The face value of Coventry’s policies has dropped drastically from $3.79 million in 2011 to $659,000 in 2012.)

Even with the decline in transaction volume and steep drop in the overall value of policies, many providers remain upbeat about the market’s prospects.

“Despite the decline in transaction volume and the steep drop in the value of policies settled, we’re still finding that providers are remaining upbeat about the market’s prospects,” said Donna Horowitz, senior editor for The Deal. “Money has begun returning to the market and multiple bids on fewer policies are driving policy values up.”

This added competition, along with older policies that are less vulnerable to legal challenges, help to give hope to a downtrodden sector.

The following infographic illustrates the top five life settlement buyers in 2012, as ranked by number of settlements and total amount paid.

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