New Life Settlement Broker -- Obligation to Disclose

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At a time when life settlements are under pressure from state regulators in regards to disclosure issues, PerformaCorp establishes a standard procedure for full disclosure on every transaction.

PerformaCorp, an up-and-coming life settlement broker, places a premium on honesty in its transactions -- a refreshing change for the industry.

Life settlements are a potential $134 billion industry, in which companies buy life insurance policies from individual, pay the premiums and collect the death benefit when the holders pass away. This is an untapped reserve of wealth for many individuals, but there is potential for abuse as well.

Companies in the industry have recently run afoul of ethical and legal considerations by rigging bids and by accepting secret commissions that defraud policyholders. In reality, these companies should be holding competitive "auctions" to sell policies to the highest bidder, so that the policyholders reap maximum benefit. "The reality is that too many industry players are cheating policy owners to maximize profits for themselves and their firms," said New York Attorney General Eliot Spitzer of this recent trend.

PerformaCorp, on the contrary, is committed to provide full disclosure on every transaction. Additionally they provide all their partners and affiliates with a standard and clear compensation schedule to help ensure clarity throughout the transaction. The end goal ensuring that policy owners always retain the lion's share of the gross offer amount and that their partners are paid equitably and predictably.

"Despite the negative attention life settlements have received recently they are still a great way to realize a source of wealth for policyholders, along with new revenue streams for our partners," says Mr. Chawla, co-founder of PerformaCorp, LLC. "We're constantly driven by our desire to ensure the highest possible value and service to our clients."

PerformaCorp is a boutique life settlement brokerage specializing in individualized service and attention to detail, to ensure that clients are not "lost in the shuffle." The firm's consultative approach to negotiating the ever-expanding life settlement market enables it to provide a superior level of guidance and performance that our high-net-worth clientele deserve and should expect.

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Brian Draina
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