The Lifeline Program Announces Record Life Settlement Volume,
Transaction Size
ATLANTA (Business Wire EON/PRWEB ) September 11, 2008 --
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.
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 www.thelifeline.com.
See the original story at: http://eon.businesswire.com/releases/lifeline/program/prweb1322124.htm
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