E&O Coverage Available to All Agents for Life Settlements Through Select Life Settlement Corporation
(LongIsland.com, August 25, 2006)
Select Life Settlement Corporation is very pleased to announce that we have obtained Errors & Omissions (E&O) Coverage for all agents in response to our recent growth in the life settlement market. That’s $1 million worth of E&O Coverage with an A-rated carrier, Hiscox, a leader in specialist insurance.

Obtaining this coverage demonstrates our commitment to strengthening our position within the life settlement market.

“Select Life Settlement Corporation has become a major player in the life settlement market and we have attained this coverage for our agents as we realize that most life insurance agents’ E&O Coverage does not extend to life settlements,” said Co-Managing Director Steve Shorrock. “E&O Coverage is necessary for every agent and it’s another advantage of doing business with us.”

Select Life Settlement Corporation provide innovative insurance and life settlement solutions to individuals, corporations and distribution sources. A life settlement involves the purchase by a third party of a life insurance policy which has become unnecessary or unwanted. Life settlements are a relatively new part of the financial services universe but they represent a large market which is experiencing exponential growth. With life settlements becoming more of a mainstream asset class, a growing number of financial institutions are entering the life settlement market.