About Seabury Insurance Services LLC

The Seabury Group, through its wholly owned subsidiary, Seabury Insurance Services I, LLC “SISI”), has pioneered the use of securitization techniques in the U.S life settlement market.

SISI was incorporated in 2001 with a focus to provide low-cost funding to the U.S. life settlement market. Life settlement market is the secondary market of life insurance policies. Life settlements are traditionally financed by investors as equity investments. SISI successfully quantified and contained the duration risk of life settlements.

About Tarrytown LLC

SISI serves as fund manager for Tarrytown, a special purpose company for the purpose of securitizing Life Settlements. Tarrytown issues series of Life Settlement-backed pass-through securities in the overseas market and was the first to issue rated Life Settlement-backed securities.

Services

SISI provides a comprehensive solution to existing and potential investors and other clients who are interested in investing, and/or participating in the dynamic growth of the life settlement industry.

• Low cost financing for the purchase of portfolios
• Exit strategies and short term funding solutions
• Expert advise to existing and potential investors and other clients
• Actuarial pricing and valuation of life settlement policies and portfolios
• Manages life settlement portfolios and cash balances collateralizing returns to investors

SISI and its team of qualified professionals are selective and adhere to the following practices:

• Selection and Pricing of Life Settlements:
  • Multiple non-exclusive relationships with most of the best life settlement providers.
    • Receives for review almost all of the available life settlement policies in the market
    • Selection criteria of partnering providers include but not limited to:
      • Infrastructure and systems for handling regulatory, compliance, and administrate tasks
      • Their historical policy acquisition pace, reputation, and integrity
      • their pricing accuracy and capability to meet the stringent requirements set forth in our Buying Matrices
  • Selection criteria of Life Settlements include but not limited to:
    • Features, premium pattern, size, and insurance carrier of the life settlement policies
    • Age, sex, medical conditions, and other underwriting factors of the insured
    • Life expectancy of the insureds, based on:
      • External multiple medical examiner's; evaluations
      • Internal assessment and modification of the external multiple medical examiner's life expectancy evaluations, based on in-depth mortality analysis performed by actuarial staff using internal and external mortality data
• Financial and Mortality Risk Analysis of the Life Settlement Portfolios:
  • Proprietary financial and longevity models capable of updating projected cash flows at any time
  • Portfolio market valuations and appraisal services offered to clients and potential partners
• Legal and Reporting Requirements. Each serviced portfolio is provided with:
  • Monthly reports to trustee and Investors
  • Surveillance reports, as required by Rating Agencies
  • Annual audited GAAP financial
  • Annual tax filing by external tax advisor