FOR IMMEDIATE RELEASE
Life settlement leader licensed in New Mexico
Atlanta, July 1, 2008 Habersham Funding, LLC, an Atlanta-based firm that does business nationally, has been licensed as a viatical settlement provider in New Mexico. The company received notification of its licensure June 13.
Habersham, which was founded in 2001, provides the funds for life settlements and viatical settlements, which enable seniors who no longer want or need their life insurance to receive an advance cash payment for their policy. The viatical settlement option also is available to some people who are terminally ill.
Actively participating in the regulatory process and diligently pursuing these licenses is a responsibility we take seriously, says M. Bryan Freeman, a settlement industry pioneer who is founder and president of Habersham. We know that, for all parties involved, dealing with reputable life settlement providers that understand the importance of complying with both the spirit and the letter of the law is critical to advancing consumers rights to sell their life insurance policies.
The secondary market for life insurance has undergone a rapid evolution, Freeman says. This industry began 19 years ago as a niche service for people who faced serious illness. Today, the industry has come into its own; settlements are now being embraced by insurance agents, attorneys, accountants and financial planners for everyone from people of modest means to high-net-worth individuals.
The Life Insurance Settlement Association recently estimated the size of the settlement market at $12 billion to $15 billion a year.
With its licensure in New Mexico, Habersham Funding can now buy life settlements in all states and most US territories (including Washington, DC) with the exception of Alaska and Florida.
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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: AtlantaWriter@mindspring.com.
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.