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in the secondary market for life insurance. It facilitates "life settlements" transactions, which enable policyholders to sell their policies at a discount for an immediate cash settlement. Company revenues derive from fees charged for this service. The business model involves real assets with inherent value and is not tied to the credit market.
Life Partners pleased investors earlier in the week, when it guided Q1 EPS to about 52 cents and Q1 revenues to about $24.4 million. The Street had been expecting 44 cents and $19.5 million. The firm attributed success to continued growth in the life settlements industry, noting that it had been the "best quarter" in company history.
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