Update on Life Settlement Provider Licenses
Berkshire Settlements, Inc. is pleased to announce it has obtained life settlement provider licenses from Arkansas, Maine, and Mississippi — three states the company has identified as being largely underserved by the life settlement industry. “We are very happy to bring the opportunities offered by life settlements to these markets,” stated CEO John Dallas. Having already expanded to Tennessee earlier in 2009, Berkshire hopes to add licenses from Indiana and Louisiana before the end of the fourth quarter.
Primarily offering on small face policies, the company is reporting that its policy intake is steadily increasing and offers are continuing to be made. “We are satisfied with our rate of growth during 2009. Whereas other providers and brokers have been easing back or closing up shop, Berkshire has been able to consolidate its position while extending its reach to new and underperforming areas,” said Dallas.
Source: Press
