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This strategic joint venture creates a life settlement brokerage operation with unmatched experience in the life insurance industry. The four directors of Veris have combined over 85 years of experience in the life insurance marketplace. Two Veris Directors have previously served as Chief Executive Officers of highly rated life insurance companies. Additionally, Director Russel Dorsett is the only life settlement broker currently serving on the Board of Directors for the Life Insurance Settlement Association (LISA). “As the industry matures and becomes more widely regulated, life settlement brokers will increasingly need both scale and scope to meet the demand for compliance and professionalism, particularly where national marketing organizations are concerned,” according to Russel Dorsett. “Veris Settlement Partners is an important step toward that objective.” “This new entity allows us to marry the strengths and best practices of our two individual firms into a single entity that will be better positioned to grow with the life settlement industry”, explained Steve Shorrock of Select Life. “This new structure will enable us to build our organizational capacity to service our growing distribution and allow us to continue to provide the level of professionalism that has become the hallmark of our original firms.” “Our complimentary culture and business styles made this joint venture a natural fit,” offered Chesapeake partner Patrick Duke. “This new entity will enable us to strengthen our geographical footprint, exploit economies of scale, and most importantly, deliver the highest level of service to the financial professionals that we support,” added Chesapeake partner Joe Young. Veris Settlement Partners is excited to announce that it has finalized its first exclusive partnership with a national insurance independent marketing organization (IMO), First Financial Companies of Tampa, Florida. First Financial Companies is a leading provider of both products and service to independent life insurance agents, and has exclusive marketing arrangements with a number of the nation’s leading life insurance carriers. “Life settlements are emerging as an important part of the life insurance space, and First Financial is delighted to be able to provide an entry into this important market for our associates.” said Donald Ebbert, President of First Financial Companies. “We are impressed with the experience and professionalism that Veris Settlement Partners brings to this relationship, as well as their commitment to quality service and compliance.” Meir Eliav, the President of life settlement provider Legacy Benefits, LCC, commented, “Based upon Legacy Benefits’ long history of business dealings with each of the Veris partners, we see the merging of their collective knowledge and experience in the insurance industry as not only adding value to each transaction, but also as an asset to the ever-evolving life settlement industry. We are pleased that Veris is undertaking this new venture and view it as an excellent and exciting business opportunity for both our companies.”
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