Press Releases

INDUSTRY EXPERT ANNOUNCES LIFE SETTLEMENTS FACE PROMISING FUTURE
Rumson Capital LP Readies for Increasing Business as Client Base Grows

Jenkintown, Pa. (December 15, 2005) – Industry expert David A. Jacobs, partner of the Westhem Grant Group in Solana Beach, California, announces that the life settlement industry faces a promising future. Jacobs’ evaluation is based in part on the recent report by the National Center for Health Statistics and dozens of other health agencies and organizations that was released on December 8, 2005. The report revealed that U.S. life expectancy has hit an all-time high of 77.6 years and that the 55-to-64 age group is expected to rise from 29 million Americans in 2004 to 40 million in 2014.

“The combination of life expectancy, the aging boomer population and the estate tax have created a ‘perfect storm’ effect and will serve to impact life settlements in ways not yet seen in the industry,” said Jacobs. “Companies such as Rumson Capital will be an invaluable asset to new retirees as they plan for their financial future.”

According to Rumson Capital LP, underperforming policies may be on the rise, leading to a boom in life settlements. With the “boomer” generation quickly approaching retirement age combined with the increase in life expectancy, there is the prospect of a larger base of viable policies. Furthermore, as careful regulation of the life settlement industry has become a higher priority state-to-state, life settlements are increasingly viewed as a more respected financial option. These trends make life settlements a promising option to this generation as it redefines retirement.

A player in the industry since its inception, Rumson Capital, an independent life settlement company that offers unique services to those seeking to maximize their financial assets, looks forward to the years ahead as it continues to maintain the founding ideals of the company and provide the best service to its ever-increasing client base. New technologies, paperless systems and strong provider relationships have placed Rumson Capital in a position to thrive as the industry faces a bright future.

Another factor that may lead to an increase in the life settlement industry is the Economic Growth and Tax Relief Reconciliation Act, commonly referred to as EGTRRA. EGTRRA gradually lowers the top estate tax rate to 45 percent by 2007, scheduling it to expire altogether in 2010. However, the estate tax could be reinstated in 2011. Not knowing what the future may hold, many seniors will look to life settlements to manage their estate portfolios.

“As people live longer, they will likely look to new options that will ultimately maximize their assets,” said Robert Meyer, vice president and general counsel of Rumson Capital. “If appropriate, life settlements may be a good way for seniors to unlock underperforming policies and provide resources to enjoy their retirement with new financial freedom.”

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Rumson Capital LP
Founded in 2004, Rumson Capital LP is an independent life settlement company headquartered in Jenkintown, Pa., that offers unique services to those seeking to maximize their financial assets. Through life settlements, Rumson Capital unlocks underperforming assets to help make its customers’ wealth work better and harder, ultimately optimizing their quality of life. Rumson Capital’s code of behavior and sophisticated actuarial tool, OptimumLife^SM, help customers achieve fast quotes and maximum financial value from a life settlement. The Rumson Capital professionals have been in the life settlement business from the inception of the industry and pride themselves on making lasting relationships with their partners. For more information on Rumson Capital LP, please call 215.886.8433 or visit the Web site at www.rumsoncap.com.