The Lifeline Program Announces Record Life Settlement Volume, Transaction Size

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Offering a validation to oft-quoted life insurance settlement industry growth statistics, The Lifeline Program® today announced that record policy volume has greatly contributed to its recent sales gains. The company has reviewed nearly $15 billion dollars worth of life insurance policies in the past year, a 300 percent increase, and increased its average transaction size from $1.4 million to $2.5 million.

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While reviewing our latest sales gains, several statistics jumped off the spreadsheets

According to Wm. Scott Page, president and CEO of The Lifeline Program, industry analysts have been projecting explosive growth for several years, and it appears that it has arrived.

"While reviewing our latest sales gains, several statistics jumped off the spreadsheets," said Page. "The growth of our average transaction by 80 percent was impressive and proves that the ongoing predictions of exponential industry growth are being validated."

Last month, The Lifeline Program reported the company has already outperformed last year's record sales numbers by managing more than half a billion dollars in face amount of policies in the past year.

In a news release last October, Conning Research estimated that $6.1 billion in face amount was transferred by the industry in 2006, up from $5.5 billion in 2005. The research firm also said it anticipated growth of about $1 billion in additional life settlement transaction volume per year for the foreseeable future.

The Lifeline Program, based in Atlanta, Ga., is a division of Wm. Page & Associates, Inc. Founded in 1989, the company actively partners with insurance agencies and broker dealers to establish profitable and ongoing life settlement business lines. For more information on life settlements or the P3 Program, contact Audrey Morgan of The Lifeline Program at 800-252-5282, by e-mail at amorgan@thelifeline.com or visit http://www.thelifeline.com.

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