Life Partners Holdings Inc. is preparing to distribute a new series of life settlement funds through broker-dealers in all 50 states.
Life Partners, Waco, Texas, says the new funds should appeal to broker-dealers, because they will be structured in a fashion that is familiar the broker-dealers and to their regulators.
Life Partners Chief Executive Brian Pardo announced the new funds at the company’s annual shareholder meeting.
Also during the meeting, Pardo said he expects Life Partner’s existing investors will reinvest a high percentage of their settlement payouts in new life settlement transactions.
Over the next 5 years, more than $1 billion dollars could become available for reinvestment, Pardo said.