Press Releases

LIFE SETTLEMENT OFFERS FINANCIAL ALTERNATIVE IN SHIFTING ECONOMY
Rumson Capital LP Poised to Alleviate Liquidity Concerns of Retirees

Jenkintown, Pa. (February 21, 2006) – With a cooling housing market, vanishing company pension plans and diminishing confidence in Social Security, the millions of baby boomers approaching retirement age may seek an alternative financial option to fund their retirement, and shift focus from selling their home to selling their life insurance policy to alleviate liquidity concerns.

The Mortgage Bankers Association (MBA), in its Weekly Mortgage Applications Survey for the week ending February 10, announced a continued decrease in mortgage loan applications. This, coupled with the 30-year fixed-mortgage rate, currently at 6.25 percent (substantially above its 2005 low of 5.47 percent), may dampen home buyers’ demand, lowering sales volume and causing smaller real estate gains.

Retirees, challenged by the changing economic environment, need to investigate other financial options. Through a life settlement, the sale of a life insurance policy to a financial institution or other funding source for more than the cash surrender value of the policy, boomers can find such an alternative. Assets that are currently tied-up in life insurance policies can be sold and, with a typical yield of three to five times more than the value of the policy, the transaction can grant seniors the resources to enjoy their retirement in a changing financial climate.

“Choosing a life settlement transaction is quite timely in today’s economic environment as interest rates continue to increase and over-leveraged property situations lower financial gain from home sales,” said Greg Schmitt, executive vice president and chief operations officer, Life Settlement Solutions. “Companies such as Rumson Capital not only offer seniors a secure alternative, but they work to ensure the maximum financial value for the policy through counsel, experience and cutting-edge technology, key factors when considering a life settlement.”

Since the inception of the life settlement industry, Rumson Capital has offered seniors unique services to unlock underperforming life insurance policies. With more than 25 years of cumulative experience and unsurpassed expertise, Rumson Capital provides clients with accurate and reliable information in a timely manner.

“With traditional means of funding retirement shifting, life settlement offers a new opportunity to seniors seeking to utilize their hard-earned assets,” said Robert Meyer, vice president and general counsel of Rumson Capital. “As factors such as rising interest rates and stagnant equity markets continue to affect personal finances, life settlement provides an avenue to support the retirements of our client base.”

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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.