A life settlement administration firm says it handled 25% more settlement applications in 2008 than it did in 2007.

Invescor Ltd., Farmington Hills, Mich., reports that the total face amount of life policies it processed for settlements increased 78% and overall staffing increased 42%.

Invescor sells life settlement back office and brokerage services to broker-dealers, insurance companies, financial advisory firms and independent agents. It says it has processed about 1,400 life settlement transactions with an aggregate face value of $2.8 billion.