Insurance attorney Jim Maxson has been honored by Life Settlement Review as one of The Top Ten Most Influential People in Life Settlements for 2009. Life Settlement Review is published monthly by the Life Insurance Settlement Association (LISA), the most recognized and trusted trade group in the life settlement industry.
Maxson joined Morris, Manning & Martin in its Insurance Practice in July 2008 and co-chairs the firm’s Life Settlement Practice. He was previously Executive Vice President and General Counsel of Habersham Funding, LLC, a leading life settlement provider.
About Life Settlements
A life settlement is the sale, assignment, transfer, or bequest of the death benefit or ownership of a life insurance policy by the owner of the policy where the insured does NOT have a catastrophic or life-threatening illness or condition. Typically, the owner of the policy receives cash (generally an amount greater than the cash surrender value in the policy, but less than the full amount of the death benefit); and the life settlement company becomes the new owner and beneficiary of the policy and is responsible for the payment of all future premiums. Upon the death of the insured, the death benefit is paid to the life settlement company. Life settlements usually involve the sale of life insurance policies by owners where the insured is a senior citizen or where the insured may have a medical condition that will likely result in a shortened life expectancy.
About Morris, Manning & Martin, LLP
Morris, Manning & Martin, LLP (www.mmmlaw.com) is a full-service commercial law firm representing domestic and international clients throughout the United States. Our mission is to be the firm of choice for clients seeking the most creative, comprehensive and effective legal services available. Our legal solutions are delivered by industry-focused, diverse, involved lawyers who are dedicated to our clients’ success, whether in a transaction, in court or in the everyday course of business. MMM enjoys national prominence for its healthcare, intellectual property, capital markets, environmental, green industry, insurance, litigation, mergers and acquisitions, real estate, timberland and forest products and technology practices. MMM has offices in Atlanta, Raleigh-Durham, Savannah, Taipei, Beijing and Washington, D.C. and now an alliance with FGCN in São Paulo, Brazil.
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Media Contact: Terri Thornton, Thornton Communications (404) 932-4347 terri@territhornton.com