NEW JERSEY, Dec. 17 /CNW/ - MaxLife Fund Corp. (OTC:MXFD), is pleased to
announce that it has executed an agreement which provides that the
Company will purchase a portfolio of early life settlements upon a
completion of the necessary funding. When MaxLife purchases these
policies in the portfolio, it stipulates that Trinity Life Settlements,
LLC, will attach an annuity to each policy. By attaching an annuity to
the Early Life Settlement policy, the premiums for policies are covered
by the annuity provider, for the life of the insured.
Bennett Kurtz, Chief Executive Officer of the Company says: "Our Company
is diligently working to create new life settlement products that
should yield to the investor an appropriate return and security. The
Early Life Settlements product will have these attributes.
Invest in seasoned, preferred-issue, term life insurance which is
convertible to universal life
Term policies are purchased from individuals aged 62-74 who no longer
The policy is then converted and the investor assumes all rights and
obligations and becomes the beneficiary
Investment capital is used for acquisition and ongoing premiums until
asset maturity or sale
About MaxLife Fund Corp.: MaxLife Fund Corp. is concentrating on the Life Settlement market by
obtaining ownership in policies and creating and bringing financial
instruments in the Life Settlement market. MaxLife Fund Corp. is
positioning itself to grow with the industry and expand its operation
to become one of the leaders in the Life Settlement sector.
About Trinity Life Settlements: Trinity Life Settlements is the first ever vertically integrated
provider of Early Life Settlements. Our experienced and specialized
team is committed to building one of the largest, most efficient, and
successful organizations within the Mortality Arbitrage sector. Using
the latest pricing methodology and underwriting protocols we are able
to offer individuals over the age of 62 the opportunity to monetize
their unneeded or unwanted term life insurance policies. Our company
operates nationally with headquarters near Chicago.
Cautionary Statement Pursuant to Safe Harbor Provisions of the Private
Securities Litigation Reform Act of 1995:
This press release may contain forward-looking statements, which are
made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995.
Expressions of future goals and similar expressions reflecting something
other than historical fact are intended to identify forward-looking
statements, but are not the exclusive means of identifying such
statements. These forward-looking statements involve a number of risks
and uncertainties. The actual results that the Company achieves may
differ materially from any forward-looking statements due to such risks
and uncertainties. The Company undertakes no obligations to revise or
update any forward-looking statements in order to reflect events or
circumstances that may arise after the date of this news release.
For further information contact:
MaxLife Fund Corp.
SOURCE MaxLife Fund Corp.
For further information:
MaxLife Fund Corp.