IFA'S required to deal with USA Life Settlements

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I am looking for any IFA'S or companies that are FSA regulated who are interested in writing Life Settlements business for their clients.

This is a new and expanding market and have many advantages compared to funds.

These are investments in USA life insurance policies where the policies have been purchased from usually terminally ill clients who wish to cash in their policies in order to make the most of their time remaining.

A life settlement generally refers to the sale of a life insurance policy by a policyowner for less than the face value but more than cash-surrender value of the policy to third party investors.[1] The third party investor(s) plans to profit at death of the insured by collecting more in death benefits that were paid out (e.g., the purchase price, the transactions costs, and premiums). A "viatical settlement" is the same as a life settlement except the insured is chronically or terminally ill (as defined by the IRS Code).

For further info please email me at sweetshop147@hotmail.co.uk

[westfinance]

I hope that you have seen the position of the Financial Services Authority related to selling life settlements to retail customers. They are against but you may find IFAs or other advisors (solicitors and accountants) who have professional customers. They have usually over £1 milion investments and they can carry higher risks.

Eugen,.