Viatical provider brings life insurance settlement option to Ohio

Industry veteran introduces Habersham Funding to ‘The Buckeye State’

Atlanta, January 06, 2005 – Habersham Funding LLC is now licensed in Ohio as a viatical settlement provider. Habersham, which was founded in 2001 by longtime settlement industry pioneer M. Bryan Freeman, is an Atlanta-based firm that does business nationally.

Habersham provides the funds for life settlements, which enable seniors who no longer want or need their life insurance to receive an advance cash payment for their policy. Though the same option may be available for people of any age who are seriously ill, Freeman says the majority of Habersham’s business comes in the form of high-net-worth seniors who seek settlement solutions as a means of financial planning.

"Having a secondary market for life insurance policies gives the policies liquidity similar to more familiar tradable commodities, like residential mortgages and stocks," he says. "And with the senior population growing rapidly, this means we have an opportunity to work with them and their advisors in the tradable senior life policies market, currently worth hundreds of billions of dollars – and growing."

"For instance, the senior population in Ohio is rapidly increasing, with nearly 15 percent of the state’s population now being 65 or older," Freeman says. "That portends a healthy outlook for our industry, as does the state’s diversity of wealth. Financial diversity means people in the state are open to learning about businesses like ours."

He adds that Habersham Funding is not looking for investors in Ohio; rather, he says it relies on established sources of institutional investment. "We just want Ohio residents to consider how the viatical and life settlement option can help them make changes to their portfolio…when a change involving life insurance may be in order."

Freeman says that, as in other states, he expects a great many of the potential viatical (sale of existing insurance policy) transactions his company reviews in Ohio will likely come via insurance and financial professionals, as well as settlement brokers and individuals.

He has been a licensed insurance agent for 26 years and has helped people sell their life insurance for cash settlements for more than 15 years. He is now in his third term as President of the Viatical & Life Settlement Association of America, the industry’s premier trade organization.

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Electronic and hard-copy photos of Mr. Freeman are available, if you require such, as is a Habersham Funding LLC logo.

Contact: B. Andrew (Drew) Plant, 678-637-5532, or evenings, 404-634-7102. Via e-mail:

Habersham Funding LLC is a leader in the secondary market for life insurance. Habersham provides the capital for life settlements, which enable seniors – or people of any age who are seriously ill – to receive an advance cash payment for their life insurance policy.