Company Specializes in Small-Face-Value Policies, Allows Brokers and Agents to Better Serve Clients

BALTIMORE /Insurance Headlines/ October 5, 2007 - Cielo Life Settlement is pleased to announce that it has become the first and only life settlement service provider to specialize in making life settlements available to holders of small-face-value life insurance policies.

Cielo’s proprietary low-cost underwriting and processing solution enables agents, brokers and financial advisors to offer clients holding insurance policies with face values between $25,000 and $500,000 a potentially more attractive alternative to lapsing or surrendering a policy.

Insureds with face values of $500,000 and below represent the vast majority of policies in the United States. Until now, the average American has lacked access to the financial benefits of life settlements, which have been available to high net worth individuals for more than a decade.

Cielo works with a select group of licensed life settlement providers and institutional funding sources to bring life settlements to the average American. Under the Cielo life settlement program, agents and brokers need only submit a completed application and policy illustration to one of Cielo’s participating life settlement providers.

Using Cielo’s CSFSM life settlement solution allows our life settlement providers to give financial advisors an offer within five to 10 business days of the receipt of an application. Unlike the existing life settlement market for larger face value policies, this turnkey solution requires no out-of-pocket costs for underwriting services or gathering medical records.
 
“We have dramatically reduced the time, effort and cost for insurance agents and financial advisors and made small-face-value life insurance policies a viable part of their business,” said Cielo Executive Vice President Michael D. Quinn. “By dramatically expanding the pool of people eligible to participate in the life settlement process, Cielo has created millions of new opportunities for insurance and financial professionals.”

Cielo’s solution supplies life insurance agents, brokers and other financial advisors with a source of significant incremental revenue, while unlocking greater value for the policy owner.

“We are very proud that, in many cases, the Cielo small face life settlement program gives policy holders of term insurance products the equivalent of a cash surrender value that they did not even know existed,” Mr. Quinn said.

About Cielo Life Settlement

Cielo Life Settlement is the trade name of Cielo Capital Management, LLC. Headquartered in Baltimore, Maryland, Cielo works with select licensed life settlement providers and institutional funders as a service provider in the small-face-value market segment. The company works to ensure that all parties " policy owners, distribution channels and investors " receive superior financial returns in the small-face-value life settlement market. To learn more, please visit www.cielolifesettlement.com.

CONTACT:

Jeffrey Bukowski
Devaney & Associates
410/296-0800

----------------------------------------------------------------------------------------

Copyright © 2007 InsuranceHeadlines.com. All rights reserved.