Investor Confidence in the Secondary Life Market

March 8th, 2011

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March 14th, 2011

Jerry D. Cherrington – Senior Insurance Advisor of Peninsula Group LLC

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Craig Pirtle Joins The Peninsula Group as Director of Sales & Distribution

January 12th, 2011

We announced today that Craig Pirtle has joined its management group as Director of Sales & Distribution. His responsibilities will extend throughout the enterprise to encompass the development and direction of a nationwide — and worldwide — sales network for Peninsula’s longevity products.

Peninsula’s CEO & Co-Managing Member, J. Mark Goode, commented, “We are proud to introduce and welcome Craig Pirtle as a highly valued member of our Peninsula management group. For more than a decade, Craig has played a substantial role in the development and management of distribution for alternative investment products. Craig has a proven track record and his experience, energy and reputation for outstanding performance with broker-dealers, registered investment advisors and investment professionals is well known.”

Pirtle has more than 15 years experience in financial services. He held a prominent position at Orbitex Distribution Services, Inc., serving as President. He also served as Vice President at LPL Financial and First Vice President at Wachovia Securities. Before joining The Peninsula Group, he was a member of the Global Wealth Group at Morgan Stanley.

“I am very excited about the opportunity to develop distribution channels for Peninsula’s longevity products. These products are very innovative, well structured and professionally managed. The investment manager and has an impeccable track record in delivering returns to investors. Both products, Peninsula Longevity Fund Limited and the Alpha Premium Refinancing program, offer clients a non-correlated asset, which is fully compliant and transparent while providing superior returns for the investors,” stated Pirtle.

Pirtle will focus on developing distribution channels for Peninsula’s alternative investment products. Initially, Pirtle is building distribution for an Irish based life settlement fund, trading as Peninsula Longevity Fund, Limited. He will also build distribution and manage sales for Peninsula’s Premium Refinance Fund, SPC domiciled in the Cayman Islands.

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Certainty In Uncertain Times: Investing in Life Settlements as published in FinAlternative

January 5th, 2011

Certainty In Uncertain Times: Investing in Life Settlements by J. Mark Goode was published on January 5, 2010 in FINAlternative. FINalternatives is the premier, independent source for news on the alternative investment industry.

The link to the full article: http://www.finalternatives.com/node/15088.

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ILMA Best Practices Reviewed by J. Mark Goode

December 21st, 2010

The Peninsula Group congratulates the Institutional Life Markets Association (ILMA) upon the release of its “Life Settlement Provider Best Practices”, a guide setting forth the minimum acceptable compliance and diligence procedures for life settlement providers.


Peninsula continues to support greater transparency and standardization for all participants within the life settlement industry. These Life Settlement Provider Best Practices will serve to protect senior insurance consumers, as well as investors. Peninsula and its licensed provider Secondary Life Capital (“SLC”) have operated with strict adherence to the same compliance, disclosure and transparency procedures that are promoted by the ILMA Life Settlement Provider Best Practices. Secondary Life Capital will continue its tradition of disclosure relative to all compensation paid to intermediaries in a life settlement transaction. Our strict anti-fraud review will continue to inspect the payment history for policy premiums in determining if and how premiums may have been financed. SLC’s anti-fraud plan includes a detailed compliance underwriter review comparing policy applications to medical records in search of potential fraud or material discrepancies. As a standard procedure to protect both the insured consumer and investors, SLC conducts a closing interview with the insured policy owner prior to closing and are recorded for quality assurance.

Both consumers and investors will benefit from standardization and transparency from every constituency within the life settlements market. Peninsula applauds the important work of the Institutional Life Markets Association and hopes they go further in developing a set of Best Practices for Investors and Funding entities. Among important considerations, Best Practices for Investors and Funders should consider the ongoing protection of insured privacy, as well as standards of investor suitability. Best Practices should also address full disclosure of investor risk factors, as well as investor suitability. With regard to life settlement investment Funds, each should be governed by a board of directors having a majority of independent directors. In reporting a Fund’s Net Asset Value, the calculations should be calculated by an independent life actuary and reported directly to investors by the independent fund administrator. Investor Best Practices should also mandate that in no instance will the calculation of Net Asset Value be based upon a mark to model or deterministic methodology. With regard to investment products for retail investors, Best Practices should encourage investor accreditation and suitability standards, while discouraging Funders from offering a fractionalized interest in a single life insurance policy.

Investors and Funding entities adhering to strict standards of independence, privacy, transparency and disclosure will protect insured consumers while improving investor confidence in our life settlement marketplace.

The the full text of the ILMA “Life Settlement Provider Best Practices”:
http://www.lifemarketsassociation.org/documents
/ILMA%20Provider%20Best%20Practices.pdf

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December 6th Webinar – J Mark Goode discusses the Life Settlement Market

December 8th, 2010
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Investment in Life Settlements: Certainty in Uncertain Times

December 8th, 2010

Life settlements are not directly correlated with traditional bond and equity markets and have the potential to yield above-market returns in the intermediate and long terms. Unlike the equity and bond markets, the returns on life settlements are uniquely tied to mortality…..click to continue

By J. Mark Goode
November 30, 2010

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Everyone Wins: The Story of a Special Life Settlement Transaction

December 8th, 2010

The Initial Purchase

In 1994, a wealthy business owner concluded the purchase of life insurance protection to assure that the taxes on his estate would be paid from the cash proceeds of the policies, that the business could be passed on to his heirs without encumbrance, and that his family members would benefit from the remaining proceeds of the policies.
Read the rest of this entry »

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Investing in Life Settlements: Certainty In Uncertain Times

December 8th, 2010

Download (PDF, 208.5KB)

By J. Mark Goode
CEO – The Peninsula Group, LLC
Nov 8, 2010
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10 Most Influential People in Life Settlements: Mark Goode

May 8th, 2010

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Oringinally published in Life Settlement Review
Apr 2010 - 10 Most Influential People in Life Settlements

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Peninsula’s Goode on Realizing Potential

January 27th, 2010


Whether in Business or on the Polo Field, the Key is to Live Life Passionately

By Jim Connolly – Jan 2010

As CEO of The Peninsula Group, LLC, Washington, D.C., J. Mark Goode observes that “the life settlement market is now celebrating its 10th anniversary of serving America’s senior insured consumers and that the industry is beginning to realize its potential.” As Co-Chair of the Life Insurance Settlement Association’s (LISA’s) political action committee (LISA-PAC) with Doug Head he actively coordinates and strategizes the national effort to develop fair life settlement legislation and regulations for the industry. Read the rest of this entry »

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