SOURCE: Viatical & Life Settlement Associaton of America

September 16, 2005 16:29 ET

Life Settlement Industry Sends $35,000 to Katrina Relief

ORLANDO, FL -- (MARKET WIRE) -- September 16, 2005 -- The Viatical & Life Settlement Association of America (VLSAA) announced today that it and its members have made a thirty-five thousand five hundred and seventy dollar ($35,570) contribution to the American Red Cross Hurricane Relief Fund for the benefit of the victims of Katrina.

Members of the VLSAA have given in excess of $25,000 which is on hand and other checks have been given to other organizations by Members. In addition, the VLSAA's Board of Directors added a $10,000 contribution from the treasury of the Association. The donation of $35,570 was delivered in 52 checks to the local offices of the American Red Cross in Orlando, where the VLSAA is headquartered.

"Over the years, our growing, though small, industry has demonstrated its commitment to compassionate treatment of insured individuals and families in times of crisis," said Executive Director, Doug Head. "With this set of donations, we are joining with our fellow Americans in extending our hand to the people of the Gulf Coast and New Orleans."

The Viatical & Life Settlement Association of America is the major association group representing the greatest number of and the largest companies in the industry. Its mission is to promote the development, integrity, and reputation of the viatical and life settlement industry while promoting a competitive market for the people it serves.

"I am proud of the efforts of our group and impressed with their response to our request for generous donations," said M. Bryan Freeman, the VLSAA's President.

VLSAA
1504 E. Concord St.
Orlando, Florida 32803

Contact Information

  • Contact:
    Doug Head
    Executive Director
    Tel: 407-894-3797