Current News
Current News
LIFE
INVESTORS MANAGEMENT COMPANY, LP
NEWSLETTER
– JULY 2024
Welcome LIMC clients to our
first 2024 Newsletter. We would like to bring you up to date with news surrounding LIMC including current
offerings, settlements, company
updates, and interesting news in the life settlement industry.
Company News
We hope 2024 has been a
good year for everyone. Here we are already in July. We want to remind everyone
of the investor log-in capabilities. As a client of LIMC, you now can login and
view your investment(s). This includes your investment payment
history to date which reflects
your “basis” in each investment, plus any settlements to date which are
in an open offering. This will reflect your net basis (investment to date less
any settlements received).
If we have not created your
login to the website, please contact our office and we will send you an email
to log in to the website.
It will ask for a password and then you will be able
to create one for future access. If you are receiving a hard copy of this
newsletter, we do not have an email address on file for you. If you have an
email and would like to receive email correspondence from us, please call the
office so we can update your information.
Settlements To Date
Ms. Eileen Dorough passed away in January 2024. This policy is part of the ED PAC 1 and 2, and ED ING 1 and 2 partnership
groups. This offering
began in late 2012 and the overall return for the partnerships reflected an internal rate of return (IRR) to the
investor of 7.83% tax free.
Also, Mr. Feld, associated
with Denton Policies, LLC and Keller Policies, LLC settled this month. This is a joint policy with his spouse who
has not settled to date.
Please see below,
the performance returns
for all policy settlements to date.

Current Offerings
During 2023 and early 2024, LIMC closed out the Denton Policies, LLC offering, total $6,300,000 and the Family Business Life Fund, LLC offering, total $4,050,000. LIMC has continued to work toward broadening our offering distribution to Pension Funds, Family Offices, and Registered Investment Advisors dealing in the Alternative Investment arena.
Our current offering, Argyle Policies, LLC is a $4,677,700 offering featuring 100 units available at $46,777 each. There are three insured, two of which have a life expectancy of less than 24 months. The total death benefit per unit is $108,500. The first capital call will be $5,391. Please contact our office and we will send you a detailed information package. To date, we have sold 60 units, with 40 remaining open.
If you would like more detailed information regarding any of the current offerings, please contact our office.
New Staff Members
We would like to introduce two new members of the LIMC team. First Mira Nabushosi, Accounting Manager. Mira is a graduate of UT Dallas with a BA in Accounting. She has several years’ experience in business accounting and tax preparation.
Also joining our staff is Christale Jimenez, Policy Operations Manager. Christale brings several years of life insurance and administrative experience to our team working closely with a Mass Mutual insurance and financial services group.
We are proud to have both of them at LIMC as we continue to grow and develop a stronger staff to serve our clients.
Administrative Fees
There have been inquiries regarding administrative fees for investment partnerships. Beginning in 2024, LIMC has imposed admin fees that equal to .8% (.008) to each investor’s net investment (total investment to date less any settlements paid). Please see the “Administrative Fee Policy” below:
LIMC, LP
ADMINISTRATIVE FEE POLICY
Each partnership is subject to Administrative Fees imposed by the Manager/Administrator. The fees provide funds necessary for the Manager to operate the administration of all investment and policy entities.
The amount of the fee is based on the net investment, being the total amount invested less any settlements received to date. The annual administrative fee is .8% (.008) of the net investment. For example, if the net investment is $60,000, the administrative fee will be $480. The amount of the premium capital call has no bearing on the amount of the administrative fee.
The annual administrative fee will also be subject to a floor and ceiling for each investment. The minimum administrative fee (floor) will be $400. The ceiling of any fee is based on the net investment. The amount of the net investment will never exceed 80% of the settlement death benefit. For example, if the death benefit is $100,000. The net investment calculation can never exceed $80,000 ($100,000 x 80%). Even if the net investment is $87,000, the administrative fee would max out at $80,000 x .08% = $640.
The cost of insurance (the minimum amount to keep the policy active and in good standing) is passed on to the investor on a pro-rata basis.
The administrative fee is added to the cost of insurance and thus becomes the annual capital call due to the partnership.
Effective: 7-1-2024.
LIMC Company Overview to Date
Assets Under Management
Total Policies:
Total Investment Partnerships:
Total Investor Net Investment Under Management:
Total Death Benefit to Investor Partnerships:
Total Settlements to Date:
Average Annualized Return (IRR) of Settled Policies:
107
140
$125,250,341
$357,120,000
24
39.38%