International Interest in Life Settlement Investing



Transcript

Hi, my name is David Mickelson, I’m from Mickelson Capital Consulting and today’s topic is going to be international interest in life settlement investing. Our firm is just back from a trip to London, where we met with a couple hundred interested parties talking about life settlements. These here were investors and service providers all over the continent. What we want to report is that there was great new and renewed interest in Life settlement investing. The interesting part about that was that there were new banks, mutual funds, pensions, and many alternative investment groups putting together anything from hedge funds to synthetics interested in reentering the space, especially in the United States to buy policies on seniors. The good part about that is while many people have yet to pull the trigger on investing money, there are billions of dollars on the sidelines, indicated by the investors preparing their plans to reenter the United States market. That should boat well for sellers in the United States over the next two quarters, which are the last two quarters of 2009. We want to report to you that while it is not yet the case of prices being moderated, we feel that it is a strong possibility that the rates that sellers will get when selling into this renewed interest in life settlements will start improving. So it will be a firm enough market for the sellers of life insurance policies. The interesting thing in addition to that is many of the investors are entering the market in a multi-strategy portfolio. Meaning, that it’s not just life insurance policies by themselves, but in fact, they’re mixing them with other asset classes, as a credit enhancement, or as a capital guarantee. And that makes life insurance settlements more interesting to more institutional buyers all across Europe and, in fact, Asia as well. But most of the investors we talked about were from Europe. Thank you for your time. This is David Mickelson from Mickelson Capital Consulting.

 

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