Lighthouse Life Solutions Company Profile

Background

Lighthouse Life Solutions, LLC, established in 2018, specializes in assisting seniors in converting their life insurance policies into cash through life settlements. The company collaborates with financial professionals—including insurance agents, financial advisors, and accountants—to educate and facilitate the sale of unwanted, unneeded, or unaffordable life insurance policies. By offering a streamlined and transparent process, Lighthouse Life aims to provide policyowners with financial flexibility during retirement.

Key Strategic Focus

Lighthouse Life's strategic focus centers on:

• Policy Acquisition and Resale: Sourcing and purchasing life insurance policies from seniors and reselling them to institutional asset investors.

• Direct-to-Consumer Marketing: Engaging in comprehensive marketing and advertising campaigns to reach life insurance policyowners directly.

• Advisor Partnerships: Collaborating with financial professionals through the Lighthouse Life Settlement Advisor Program to integrate life settlements into their practices.

• Operational Efficiency: Enhancing pricing and acquisition processes to improve transaction speed and transparency.

Financials and Funding

As of August 2024, Lighthouse Life Solutions reported an annual revenue of approximately $1.8 million. The company has experienced significant growth, with a 400% increase in revenue over the previous fiscal quarter. This growth is attributed to improved pricing strategies, enhanced marketing efforts, and an expanding network of longevity asset investors.

Pipeline Development

Since the start of 2023, Lighthouse Life's policy acquisition pipeline has averaged 149 policies with a net death benefit (NDB) of $203.7 million. During the same period, the company purchased 45 policies and is in the process of closing on 19 more, totaling $32.8 million in NDB. This robust pipeline positions Lighthouse Life among the top life settlement providers in the U.S.

Technological Platform and Innovation

Lighthouse Life leverages advanced technological platforms to streamline the life settlement process:

• Proprietary Pricing and Tracking Systems: Developed to enhance the efficiency and accuracy of policy evaluations and transactions.

• Cybersecurity Measures: Implementing robust cybersecurity protocols to protect client data and ensure compliance with industry standards.

Leadership Team

• Michael Freedman: Founder and Chief Executive Officer, Chairman of the Board. With over two decades in the life settlement market, Michael has been instrumental in shaping public policy and industry standards. He holds a BA from the University at Albany and a JD from the University at Buffalo School of Law.

• Andrew Brecher: Founder and Chief Operating Officer, Secretary of the Board of Directors. Andrew brings over 25 years of experience in managing operations and technology platforms within the life settlement industry. He holds a BS from Syracuse University’s Whitman School of Management.

• Jennifer Felice Breen: Chief Financial Officer. Jennifer has over 20 years of experience in accounting and finance, with a focus on retail alternative investment markets. She earned an Executive MBA from Saint Joseph’s University and a BS in Accounting from Rider University.

Leadership Changes

In October 2024, Lighthouse Life appointed Caio Schmidt as Vice President of Marketing, bringing expertise to enhance the company's marketing strategies.

Competitor Profile

Market Insights and Dynamics

The life settlement market has been experiencing growth, driven by increasing awareness among seniors about the option to monetize their life insurance policies. This trend is supported by a growing number of institutional investors seeking non-correlated assets.

Competitor Analysis

Key competitors in the life settlement industry include:

• National Life Insurance Solution: Focuses on providing life settlement options to policyowners, emphasizing customer education and support.

• Tozzi Insurance Group: Offers a range of financial services, including life settlements, with a personalized approach to client needs.

• The Ardan Group: Specializes in life insurance solutions, including settlements, catering to a diverse client base.

• Annuity-life: Provides life settlement services with a focus on maximizing policy value for clients.

• Cash For Life Insurance: Offers quick and efficient life settlement transactions, targeting policyowners seeking immediate liquidity.

Strategic Collaborations and Partnerships

Lighthouse Life has established significant partnerships to strengthen its market position:

• DPL Financial Partners LLC: Collaborated to offer member Registered Investment Advisors (RIAs) the ability to assist clients in selling unneeded life insurance assets.

Operational Insights

Lighthouse Life differentiates itself through:

• Efficient Processes: Implementing fast and transparent life settlement transactions.

• Consumer Advocacy: Educating seniors about their rights to sell life insurance policies.

• Regulatory Compliance: Operating as a licensed life settlement provider in multiple states, ensuring adherence to industry regulations.

Strategic Opportunities and Future Directions

Lighthouse Life aims to:

• Expand Licensing: Obtain additional life settlement provider licenses to increase market reach.

• Enhance Marketing Efforts: Continue direct-to-consumer campaigns to raise awareness about life settlements.

• Strengthen Advisor Networks: Grow the Lighthouse Life Settlement Advisor Program to integrate life settlements into more financial practices.

• Optimize Operations: Further improve pricing and acquisition processes to maintain growth and efficiency.

Contact Information

• Website: Lighthouse Life Solutions

• LinkedIn: Lighthouse Life Solutions

Note: Specific contact details such as address, phone number, and email are omitted to maintain privacy.