Memphis, TN, (PRWEB) February 25, 2010
Finance For Life today announced it has recently assisted in the purchase and sale of a life insurance portfolio in excess of $2 billion.
Ronnie Katz, President of Finance For Life comments, "We have been working on this project for some time now and look forward to closing more portfolios in the near future. Our experience with premium financed life insurance and the secondary market for life insurance policies greatly impacted our ability to get this transaction done. Also, we have developed a good network of buyers and sellers and work diligently to match up buyers' and sellers' needs. We believe the demand for this asset class will increase over time, as new capital enters the tertiary market space." Finance For Life works with portfolios of varying face amounts.
In addition, Gershon Yarmush, VP of Operations noted that Finance For Life has several options for its clients seeking life insurance loans. Yarmush noted, "While in 2009 we saw a near cessation of hybrid lending, we focused on insured's of all ages needing large face amounts of life insurance, willing to put up collateral for their life insurance loans. Traditional life insurance premium finance loans are complex, but serve a broad spectrum of individuals needing life insurance coverage they want to keep for an extended period of time."
About Finance For Life
Since its inception in 2005, Finance For Life has experienced growth in both annual revenue and company size. FFL works with the most reputable General Agencies and life insurance premium finance lenders available. Finance For Life is proud to have brokered nearly $1 billion in benefits for affluent seniors and insureds of all ages and their families. Their professional, experienced and dedicated team has earned Finance For Life a reputation of providing exceptional customer service, diligence and utmost respect for client confidentiality and privacy.
Finance For Life also helps facilitate the sale of premium financed and non premium financed life insurance policy portfolios. It has approximately 6 billion of inventory available and works with both buyers and sellers. Finance For Life's detailed experience and knowledge of premium finance, earned as aggregators and brokers of most commercially available hybrid programs, gives them unique insight into the positioning of premium finance portfolios for tertiary market sales.
To speak to a representative or to find out more information on Finance For Life's products and services, please contact a representative at: