Life-Exchange Enters Secondary Life Insurance Market.MIAMI BEACH Miami Beach, city (1990 pop. 92,639), Dade co., SE Fla., on an island between Biscayne Bay and the Atlantic Ocean; inc. 1915. It is connected to Miami by four causeways. , Fla. -- After much industry anticipation, Life-Exchange, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :LFXG) has commenced implementation of its electronic business to business exchange for the life settlement industry. The President and Chief Executive Officer, Nicole E. Whitehead, stated: "Life-Exchange has been specifically built to meet the needs of life settlement Brokers and Providers. By bringing neutrality, transparency and efficiency to the life settlement transaction, Life-Exchange will mark a significant turn in the way the secondary market for life insurance conducts business." Over the past several years, the Years, The the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109] See : Time secondary market for life insurance has experienced phenomenal growth. Because it is a non-corollary asset class, it is tremendously appealing to Wall Street. The ability for hedge funds hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" and pension funds to invest in an A to AAA AAA: see American Automobile Association. (Triple A) A common single-cell battery used in a myriad of electronic devices of all variety. Like its double A (AA) cousin, it provides 1.5 volts of DC power. When used in series, the voltage is multiplied. rated asset that is not affected by the stock market or interest rates while simultaneously achieving high yields is a money managers' dream come true. In 1999, the industry transacted approximately $3 billion in life insurance policies. This year, the industry is expected to transact An earlier e-commerce system for the Web from Open Market that included order capture and secure order fulfillment using credit cards, ecash and other payment systems. It included customer service and subscription administration capabilities as well as an integrated database for reporting $19 billion. With over $160 billion in life insurance eligible for life settlements, the industry is clearly in its infancy with significant opportunities on the horizon. Life-Exchange will transform the life settlement industry by providing features and functionalities which will allow brokers and providers (institutional buyers) to efficiently communicate, collaborate, and securely share documentation. These tools will greatly reduce overall transaction time and create greater market liquidity. Most importantly Adv. 1. most importantly - above and beyond all other consideration; "above all, you must be independent" above all, most especially , Life-Exchange's real time auction will help both Brokers and Providers fulfill their fiduciary responsibilities in a compliant regulatory environment. Dr. Whitehead added, "Life-Exchange is revolutionizing the secondary market for life insurance with its vision, industry expertise, and patent pending technology." For more information about Life-Exchange, including information about the secondary life insurance market, visit the Life-Exchange website at http://www.life-exchange.com. |
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