LEGACY BENEFITS ADDS LENDING TO ITS ORIGINATION PLATFORM
Firm to Provide Leverage to its Fund Client to Increase its Origination Capacity
New York, NY, August 4th, 2009 - Legacy Benefits, LLC (New York), a recognized leader and
innovator in the life settlements industry, has concluded a transaction whereby it is to provide
leverage to its client, a European life settlement fund, while serving as its sole policy originator.
As part of this recent transaction, Legacy Benefits has committed capital against equity raised by
the Fund from its investors. Such lending aims to ensure expansion of the Fund’s overall
purchasing capacity as well as to enhance the expected returns to its investors.
“In such challenging financial times, innovation is key. We sensed a void in the credit markets,
specifically in the Life Settlement space, and felt that this was the right opportunity to assist our
client base by providing the needed lending” said Meir Eliav, President of Legacy Benefits. “By
offering our clients this necessary component, Legacy served as the enabler for a successful
capital raising effort, and strengthened its relationship with its client. I am very encouraged by
the Fund’s success thus far.”
Legacy will serve as the exclusive originator and servicer of the Fund, which has already
initiated its purchase of policies. The firm is in the process of expanding its activity in the capital
markets leveraging its long standing presence in the industry and its ability to offer unique
solutions to its clients.
“This is another milestone for Legacy Benefits. We are actively purchasing policies in the
marketplace and are confident about our continued growth as a company and for the industry in
general,” added Eliav.
About Legacy Benefits
A recognized leader in the life settlement industry, Legacy Benefits Corporation pioneered this
burgeoning specialty finance field 17 years ago. Today, Legacy Benefits, LLC maintains the
company’s reputation as an industry innovator. Since 1991, Legacy Benefits has specialized in
the origination, servicing and management of life insurance assets for a broad range of
institutional clients. Legacy Benefits utilizes an ever-evolving array of sophisticated analytical
tools and upholds the highest ethical standards when evaluating and acquiring insurance policies
for its institutional clientele. Legacy Benefits was founded by company president Meir Eliav, a
30-year financial services veteran, who was a founding member and past-president of the Life
Insurance Settlement Association (LISA), the largest U.S. trade association in the industry.
In 2004, Legacy Benefits Corporation became the first provider to originate a portfolio of life
settlement assets for a securitization transaction, which was underwritten by Merrill Lynch and
rated A1/Baa3 by Moody’s Investor Services.
Contact:
Zohar Elhanani
Chief Operating Officer
Legacy Benefits, LLC
1-800-875-1000 x221
info@legacybenefits.com
www.legacybenefits.com
