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%