SECONDARY LIFE CAPITAL OPENS NEW DC HEADQUARTERS

Washington, DC Is Becoming A Major Hub For One Of The Fastest Growing Asset Classes Worldwide -The Secondary Market for Life Insurance

Washington, DC – Secondary Life Capital announced the grand opening of the company’s new Washington, DC corporate headquarters located in Georgetown. J. Mark Goode, President, hosted the gala opening ceremony and reception on December 2, 2004. Invited guests included representatives from the finance, business, and government communities.

“Secondary Life Capital is pleased to join other leading companies engaged in the secondary market for life insurance, in calling Washington, DC their home”, said Goode. “Our Nation’s Capital is becoming a major hub for one of the fastest growing sectors of the worldwide financial services industry and we are pleased to be a part of it.” It is estimated that $4-5 billion face value of in-force life insurance policies will be purchased in the secondary market in 2005.

During the coming year, Secondary Life Capital expects to deploy $60-120 million of institutional capital in the secondary market for life insurance. Goode states, “the life settlement marketplace is finding growing support from established institutional investors, domestically and abroad.” To accommodate the increasing transaction volume, Secondary Life Capital expects to increase their staff with up to seven members in the next few months.

Secondary Life Capital is a Washington, DC-based life settlement provider ­ facilitating the sale of in-force life insurance policies to qualified investment entities that purchase life insurance portfolios as long-term investments.

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