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B. Andres (Drew) Plant
FOR IMMEDIATE RELEASE
Habersham licensing takes company to Nevada, beyond
Atlanta, August 16, 2006 Habersham Funding, LLC, an Atlanta-based firm that does business nationally, is now licensed in Nevada as a viatical and life settlement provider. Habersham was founded in 2001 by settlement industry pioneer M. Bryan Freeman.
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 from seniors who seek settlement solutions as a means of financial and estate planning.
“Having a secondary market for life insurance policies gives the policies liquidity similar to 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 life policies market, currently worth billions of dollars and growing.”
“The secondary market for life insurance has undergone a rapid evolution,” Freeman says. “This industry began 17 years ago as a niche service for people who faced serious illness. Today, the industry has come into its own; life settlements are now being embraced by attorneys, accountants and financial planners for everyone from people of modest means to high-net-worth individuals.”
With its licensure in Nevada, Habersham Funding can buy life policies in all states and most US territories (including Washington, DC) with the exception of the states of Alaska, Florida and Montana.
M. Bryan Freeman has been a licensed insurance agent for 27 years and has helped people sell their life insurance for cash settlements for more than 16 years. He just completed his fourth term as president of the Life Insurance Settlement Association, the industry’s oldest and largest trade organization, and will remain on LISA’s board for another two-year term (as the organization’s chief officer in charge of government relations). Earlier this year he was recognized with resolutions from both houses of the Georgia Legislature for his settlement industry leadership. www.habershamfunding.com
Note: An e-photo of Freeman is available, as is an e-version of Habersham Funding’s logo.