Positive Trends on Horizon for Life Settlement Industry -- LISA Fall Life Settlement Conference Concludes

NEW YORK, NY, Nov 12 (MARKET WIRE) --
Despite a lingering economic malaise, the Life Insurance Settlement
Association's (LISA) 15th Annual Fall Life Settlement Conference received
an enthusiastic and robust turnout for three days in New York City. On
November 10th, institutional and securities investors, hedge fund
managers, regulators and others brought the industry's longest running
major life settlement conference to a successful conclusion. The
diversity and depth of the fall 2009 crowd proved that a once-considered
"niche market" is undoubtedly entering the mainstream U.S. financial
markets. A Life Settlement is the sale of an existing life insurance
policy to a third party for more than its cash surrender value but less
than its net death benefit. In recent years the industry has grown
exponentially and received equal attention among major media outlets and
U.S. policy makers.

Running from November 8-10, LISA's 15th Annual Fall Conference garnered an
attendance in excess of three hundred. In an economy slow to recover, the
success of such a crowd was a stark reminder that interest in life
settlements among investors and consumers remains as vibrant as ever.
"We're extremely pleased with not only the size of this year's turnout --
given ongoing economic hardships -- but the depth and diversity of our
attendees this year exceeded all expectations," remarked Doug Head, LISA
Executive Director. "We're seeing a significantly higher level of
understanding of this industry among financial professionals. This was
reflected in the quality of presentation and dialogue at this year's fall
meeting."

Among the conference faculty was Georgia State Senator Ralph Hudgens. LISA
presented Sen. Hudgens with their 2009 Consumer Freedom Award for his
legislative accomplishments in protecting the long-established property
rights of life insurance policy owners. In 2009, Georgia saw the passage
of Senate Bill 61, a strong "consumer-first" legislative proposal authored
by Sen. Hudgens, Chair of the Insurance & Labor Committee. "We're
tremendously grateful for the work Sen. Hudgens has done on behalf of
seniors," remarked Mr. Head. "We wish him all the best as he seeks to be
Georgia's next insurance commissioner."

LISA's Fall Conference corresponded with a major milestone for the life
settlement industry. Conference attendees celebrated the 10th Anniversary
of the life settlement industry. Additionally, LISAPAC, the bi-partisan
federal political action committee of LISA, launched its 2010 campaign
drive. LISAPAC Chairman Mark Goode explained: "Each year, LISAPAC works to
advance consumer rights in the settlement arena. We actively support
candidates for public office who share our view that the right of life
insurance policy owners to sell their policies on a secondary market must
be preserved and defended."

The 15th Annual Fall Conference concludes in the wake of major federal
interest in the secondary market. Recently, LISA has played an active role
in several major federal congressional hearings and ongoing inquiries into
the role of securitization of life settlements. As the U.S. economy is
revived, the association sees the market playing a larger role in the
financial decisions of many seniors and, by extension, in the policy
decisions of Washington lawmakers.

To learn more about LISA, please visit:
http://www.thevoiceoftheindustry.com/.

About LISA

Established in 1994, the Life Insurance Settlement Association is the
oldest and largest trade organization in the industry. Its goal is to
promote the development, integrity, and reputation of the life settlement
industry, and to promote a competitive market for the people it serves.
LISA now represents over 140 members with a wide variety of interests in
the industry. For more about the association, visit
www.thevoiceoftheindustry.com.

Contact:

Doug Head
LISA Executive Director
407-894-3797
Email Contact

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