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Peachtree Life Settlements Obtains Licenses in Louisiana and Mississippi
Boynton Beach, FL April 3, 2007 – Peachtree Life Settlements has obtained licensing in two important states for the Life Settlement business – Louisiana and Mississippi. The regional expansion into additional U.S. states where Peachtree Life Settlements can purchase life insurance policies will be a significant enhancement to its already successful Life Settlement business.
This will also give residents of these states the opportunity and option to realize the market value of their life insurance policies.
“Peachtree is continuing to grow the business” said Peachtree Life Settlement CEO Jim Terlizzi. “We are very pleased to be able to originate our Life Settlement business in Louisiana and Mississippi.”
Peachtree Life Settlements purchases life insurance policies from individuals, typically over the age of 65 with a life expectancy of less than 12 years, who may no longer want, need or be able to afford their policy.
About Peachtree
Peach Holdings, Inc., a Florida corporation, is the parent (holding) company of the Peach group of companies, including, among others, Peachtree Settlement Funding, Peachtree Pre-Settlement Funding and Peachtree LBP Finance Company (together, "Peachtree"). Peachtree is a specialty factoring company that purchases high-quality deferred payment obligations. Through its group of affiliated companies, Peachtree caters to people seeking to sell structured legal settlements, annuity payments, lottery prize payments, sweepstakes awards and tobacco payments. In addition, Peachtree provides cash advances to people with pending personal injury claims. Peachtree has purchased over $4 billion* of specialty receivables and continues to expand into new areas by bringing institutional financing and professionalism to bear on underserved markets. For further information contact Dori Erann at (866) 730-4418. Peachtree Settlement Funding's corporate website address is www.PeachtreeSettlementFunding.com and Peachtree Life Settlements’ website address is www.PeachtreeLifeSettlements.com.
*(Sources: Settlement Funding, LLC, Accounting/Servicing Department; Life Settlement Corporation Annual Report filings with the Florida Office of Insurance Regulation)
Please call 1-866-730-4411 or click here for your free quote.
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