Life Settlements THE LIFE SETTLEMENT AUTHORITY

Transcription

1 Life Settlements THE LIFE SETTLEMENT AUTHORITY

2 Experience. Authority. That Settles It. It takes more than volume and experience to be the market authority; it takes a commitment to the constant improvement of the industry and its products, a relentless dedication to integrity, and an outspoken advocacy on behalf of the people it serves. Quite simply, Habersham Funding LLC, is the authority in the life settlement market. With extensive experience in the life settlement industry and as life insurance agents, the principals at Habersham Funding have the know-how to transact the most complex and challenging life settlement transactions. Through solid relationships with multiple leading financial entities, Habersham Funding provides the most comprehensive selection of settlements available. Life insurance agents, life insurance sellers, brokers, attorneys, financial advisors and policyholders looking to work with the most reputable and knowledgeable life settlement provider have made Habersham Funding their partner of choice.

3 What is a Life Settlement? A life settlement is the sale of an existing life insurance policy to a life settlement provider such as Habersham Funding. Life settlements are an exciting option for policyholders who determine that their current policy is under performing or is no longer needed due to changes in the owner s financial planning strategies. WHO CAN BENEFIT? Generally, candidates for life settlements are 65 years of age or older and have owned a policy for more than two years. However, there are circumstances in which younger individuals might also be eligible for a settlement. Please contact us to determine if a life settlement is right for you. Habersham Funding handles settlements for most policy types including term, whole life, universal life, variable, joint survivorship and group life. A candidate s life insurance policy may be owned individually, or through a corporation, foundation, trust, non-profit organization or business.

4 A Valuable Option For Seniors EVERYONE SHOULD HAVE THE OPTION OF SELLING AN UNWANTED OR UNNEEDED FINANCIAL ASSET. Until recently, the only option for policyholders who no longer needed or wanted life insurance was to lapse or surrender the policy for nothing or significantly less than its face value. The startling fact is that most life insurance policies never pay a claim because they are lapsed or surrendered prior to the death of the insured. [ ] ACCORDING TO A NOTED RESEARCH FIRM, 80% OF UNIVERSAL LIFE INSURANCE POLICIES LAPSE BEFORE THEY PAY A CLAIM.* Habersham Funding believes that policyholders deserve more from their life insurance policy. With the help of Habersham Funding, policyholders may sell their life insurance policies for fair market value and retain greater control over their investment. A LIFE SETTLEMENT CAN: Eliminate premiums on an unneeded or unaffordable life insurance policy Generate more cash than if the policy were surrendered Redirect funds from a dormant asset to better serve current financial goals Provide cash for charitable causes, gifts, medical expenses or any other purpose [ ] FOR ADDITIONAL INSIGHTS INTO THE REASONS TO CHOOSE LIFE SETTLEMENTS, PLEASE VISIT OUR WEB SITE AT *Source: Bernstein Research Call, March 4, 2005, Life Insurance Long View Life Settlements Need Not Be Unsettling

5 Experience From a Unique Perspective NO LIFE SETTLEMENT COMPANY HAS MORE EXPERTISE THAN HABERSHAM FUNDING. Habersham s experience with life settlements began in 1989 when company founder M. Bryan Freeman completed his first life settlement. Today, Habersham Funding is a respected international force in the life settlement industry. From its ability to handle complex cases to its cutting-edge technology, Habersham Funding is uniquely qualified to transact a broad variety of life settlements. Whether you are a financial advisor, attorney, life insurance agent, or an individual interested in a life settlement, you will benefit from learning what makes Habersham Funding the life settlement authority. INTERNATIONAL AUTHORITY M. Bryan Freeman, Habersham Funding s President, is recognized as the life settlement authority in the United States and abroad. Freeman has consulted and assisted funds and reinsurance companies in the United States, Europe and Asia. LEGISLATIVE AND REGULATORY EXPERTISE Habersham Funding principals frequently consult with the National Association of Insurance Commissioners and the National Conference of Insurance Legislators. Habersham Funding has helped lobby for, author, and pass numerous states legislation on viatical and life settlements. EXTENSIVE EXPERIENCE This year, Habersham Funding will review life insurance policies with a face value of approximately $18 billion. With the ability to buy life insurance policies in most every state and with the resources of large international financial institutions, Habersham Funding is able to purchase a wide array of policies including term, whole, universal, variable, group, joint-survivorship, key-person, corporate- and trust-owned. ABILITY TO MANAGE COMPLEXITY Habersham Funding s in-depth knowledge of the life insurance and life settlement industries has resulted in the ability to execute the most challenging life settlement cases, including multi-level trusts and those with complex ownership structure. Seasoned brokers, life insurance agents and financial advisors turn to Habersham Funding to fund their life settlement cases.

6 CUTTING-EDGE TECHNOLOGY The company s heavy investment in technology means it has a strong financial and operational advantage over its peers. Habersham Funding has streamlined policy processing with proprietary enterprise management software. In addition, premium calculation software helps Habersham Funding more accurately predict premium cost over the anticipated holding period and enhances our ability to execute faster offers. ANTI-FRAUD AND COMPLIANCE Principals with Habersham Funding have helped draft many states compliance regulations for viatical and life settlements. Habersham Funding has a corporate culture of total regulatory compliance, including a thorough anti-fraud process that every policy purchased by Habersham must satisfy. EXCLUSIVE USE OF INSTITUTIONAL FUNDING Habersham Funding made an early strategic decision to focus solely on institutional financing which provides a large and stable flow of funds for purchasing life settlements while posing no securities risks. Large insurance agent networks and broker/dealers prefer to work with Habersham Funding because of its strict use of institutional financing.

7 Life is Good The Numbers Prove It For many new to the life settlement industry, it may be difficult to understand the abstract benefits of life settlements without concrete examples. Take a look at two typical life settlements to discover the untapped financial assets hidden within life insurance policies. THE LARGEST UNTAPPED FINANCIAL ASSET FOR SENIORS IS THEIR INSURABILITY. CASE FILE Insured Male, age 67 Policy Group Face Amount $367,000 Cash Value $0 Life Settlement $218,000 CASE FILE Insured Male, age 74 Policies Term Face Amount $5,000,000 Cash Value $0 Life Settlement $1,010,000 Settlement Details This federal government employee was scheduled to retire within a few months when his financial advisor attended a life settlement seminar. Habersham s principals advised the client to convert the policy at his retirement in order to maintain its face value (the policy would have been reduced to $210,000 upon retirement and eventually reduced to $78,000). Through a life settlement, the client received $218,000, nearly 60 percent of the policy s face value. Settlement Details This business owner was seeking to sell his company but did not receive any offer he considered to be sufficient. His financial advisor recommended a life settlement on the business-owned policy. The policy was sold in a life settlement transaction for $1,010,000. In combination with an offer for the business, the proceeds from the life settlement provided the business owner with the funds he needed to retire. [ ] VISIT FOR MORE EXAMPLES OF ACTUAL LIFE SETTLEMENT CASES.

8 Check Your Settlement Forecast Take our Settlement Forecast to determine if your policy may qualify for a life settlement. Log onto and complete a few simple questions. If you prefer, you may call us directly to discuss your particular situation as there may be nuances that cannot be taken into account without personal attention. Our case managers can help you identify if your policy qualifies as well as answer any additional questions you might have. For a more thorough evaluation of the value of a life insurance policy, complete an application. State-specific applications may be downloaded from our Web site, or call us at to request an application.

9 Your Life Settlement Opportunity WE UNDERSTAND LIFE INSURANCE AND ITS VALUE. Through the efforts of Habersham Funding, policyholders now have a tremendous financial opportunity to leverage the value of their life insurance policies. With a life settlement, policyholders may transform an unproductive asset into a positive component of their financial portfolio. The professionals of Habersham Funding have spent a lifetime working in the life insurance and life settlement markets. They have the knowledge and unique perspective to resolve even the most complex and challenging life settlement transactions. Backed by relationships with leading international financial institutions, Habersham Funding is the recognized authority in life settlements. The case managers at Habersham Funding are eager to hear from you. Give us a call today to learn more about life settlements and how they may benefit your financial future. Call us at or visit us online at

10 PHONE FAX BUILDING 11 PIEDMONT CENTER 3495 PIEDMONT ROAD NE, SUITE 910 ATLANTA, GEORGIA FORM# AD

11 Settlement Expertise That Speaks for Itself M. Bryan Freeman, Habersham s founder and president, has spent over 16 years working in the life settlement industry. Bryan has personally been involved in the sale and purchase of life insurance policies with a total face value of nearly $1 billion. Not only is he an undisputed volume leader in the life settlement industry, but Bryan is widely recognized as an international expert on the subject. In his fourth term as President of the Viatical and Life Settlement Association of America (VLSAA), Bryan, in conjunction with his senior executives, advocates for the development of responsible regulation and legislation for life settlements. Bryan s activism helped gain U.S. veterans the right to transact settlements, and cleared the way for the tax-free treatment of some settlements. On numerous occasions, Bryan has testified before the National Association of Insurance Commissioners and the National Conference of Insurance Legislators as well as to state and federal legislative committees on industry-related issues. James W. Maxson and Steven H. Applegate add more depth to the Habersham team. James W. Maxson, Executive Vice President and General Counsel, is responsible for all compliance and legal matters for Habersham Funding, including the interpretation of legislative and regulatory requirements and compliance with securities law. Immediately prior to joining Habersham Funding, Jim practiced law with the international law firm of Paul, Hastings, Janofsky & Walker, LLP. In addition to his firm experience, Jim also spent several years as an in-house lawyer for Delta Airlines, Inc., handling international business transactions. Steven H. Applegate, Vice President, Policy Acquisitions, spans nearly two decades in sales and marketing and includes eight years in the life settlement industry. In his position at Habersham Funding, Steven manages the acquisition and sales of life insurance policies, determining the viability of each policy reviewed. Throughout his career, Steven has built and maintained alliances with a variety of settlement brokers and other business partners that give Habersham Funding an edge above the competition. For more information about life settlements and Habersham Funding, please visit us at Phone Fax Building 11 Piedmont Center, 3495 Piedmont Road NE, Suite 910, Atlanta, Georgia 30305

12 Where We Buy Policies Habersham Funding buys policies from throughout the United States. Our extensive relationships with life insurance agents, brokers, financial advisors, attorneys, accountants and others ensure that we review policies from nearly every corner of the country. While a few U.S. states currently do not regulate viatical or life settlements, most do requiring life settlement providers to obtain a license to buy life insurance policies. Habersham Funding is licensed to buy life insurance policies in most areas of the United States or is otherwise permitted to buy policies. View the map below to see where we buy policies.* Because licensure can vary, we encourage you to visit our Web site at for the most up-to-date information on the states in which we buy policies, and the types of settlements we are authorized to transact. *Current as of January 1, 2007 Phone Fax Building 11 Piedmont Center, 3495 Piedmont Road NE, Suite 910, Atlanta, Georgia 30305