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Media Contact:
Brannon Smith
Highland Capital
205.263.9211
Highland Capital Selects Coventry First to Promote Life Settlements
[Birmingham, AL; July 16, 2002] —
Highland Capital Holding Corporation announced today that they have formed a marketing agreement with Coventry First, the nation’s largest life settlement purchaser. Highland Capital offices will use Coventry First’s services to help their brokers appraise their clients’ life insurance, and if financially appropriate, sell these policies for more than their cash surrender value.
By selecting Coventry First as a preferred choice for life settlements, Highland Capital recognizes a trend in the insurance industry and is on the forefront of the life settlements solution. For any individual whose health is substandard, a policy issued at standard or preferred rates is likely to be worth more than its cash surrender value. An appraisal of these policies is in order whenever a decision regarding a change in coverage is being considered, or simply as part of a routine periodic assessment of the individual's wealth. Life settlements provides a viable solution to these individuals.
"Highland Capital prides itself on providing cutting edge solutions, and life settlements will fit very nicely into that plan,” said Rick Keidan, Senior Vice President and Chief Distribution Officer of Highland Capital. “We have been impressed with Coventry First as they bring a high level of professionalism and experience to the industry and we feel they are a great partner for Highland Capital.”
We are excited to be working with this premiere group of insurance and investment professionals. Highland Capital’s life settlement program is a tremendous opportunity for the Highland Capital offices to increase their revenue and to provide a valuable new service to their clients,” said Reid Buerger, Executive VP of Coventry First.
ABOUT HIGHLAND CAPITAL
Birmingham-based Highland Capital Holding Corporation, an innovator in the distribution of financial services, was formed to acquire, equip, and grow the premier national network of firms who provide financial products and services to the corporate and affluent marketplace. Highland Capital’s two complementary distribution strategies – retail and wholesale - come together under a shared vision to redefine upscale distribution in the financial services industry. The combined platform has over 50 offices nationwide.
The company’s fundamental objective is to equip firms to compete effectively within the consolidating financial services industry while creating an opportunity for individual principals to realize the equity value of their firms. The firms acquired by Highland Capital distribute financial services products directly to retail consumers and indirectly through institutional accounts and affiliated financial services firms. Highland Capital’s retail offices offer asset management, business succession planning, estate planning, executive compensation, employee benefits, and retirement planning for the corporate and affluent marketplace. The wholesale offices provide access to major carriers, advanced planning support, expertise in risk underwriting, and various financial products and services to insurance brokers, financial planners, and various institutions, such as banks, wirehouses, and CPA firms. Visit www.highland.com for more information.
ABOUT COVENTRY FIRST
Coventry First is the country’s leading purchaser of life settlements, and combines in depth knowledge of the life insurance industry with an insider’s understanding of the life settlement business. Coventry’s principals have been involved in sophisticated high net worth and corporate markets for more than 25 years. Coventry’s experienced and knowledgeable team of professionals helps professional advisors inform and educate their clients about life settlements. Coventry is licensed in virtually every life settlement jurisdiction in the country. In addition, Coventry is a founding member of the Life Settlement Institute, which is a group of life settlement funders that have $50 million or more of institutional financing and do not raise money from individual investors. For more information: Phone: 877-836-8300 or visit the website www.coventryfirst.com.
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