NU Online News Service, Nov. 5, 2003, 12:15 p.m. EST – Life Asset Group L.L.C., Miami Beach, Fla., says it has brokered life insurance settlements for life policies with a face value of about $50 million so far this year.
The firm expects the total face value to increase to more than $150 million by the end of the year.
The firm also says it has moved its corporate headquarters to Miami Beach, from Sarasota, Fla., to get access to a larger labor pool.
A life settlement brokerage company helps owners of life insurance policies sell the rights to the death benefit payments to investors. Life Asset Group aims its brokerage services at consumers over age 65 who own policies with face amounts over $100,000.