Life Settlement Solutions LLC is an originator of life settlements, providing owners of life insurance policies with the opportunity to convert their life insurance policies into cash. The companys management has an established and proven industry record, having purchased in excess of $1 billion of life insurance policy mortality benefits to date. These policies have been funded by various institutional funding vehicles, such as institutional equity funds and a multi-year revolving asset-backed commercial paper facility. The proceeds have been used as follows:
To fund the purchase and origination costs of senior settlement policies;
To fund premiums related to purchased life insurance policies;
For portfolio servicing, trustee and actuarial fees, legal, audit and general corporate purposes; and
