April 30, 2021
CONSHOHOCKEN, PA – April 30, 2021 – Les Logsdon has been named the Chief Investment Officer (CIO) of Lighthouse Life Solutions, LLC, and its related entities. Mr. Logsdon will manage the Company’s acquisition and trading of the life insurance policies it purchases. He joins Lighthouse Life following the recent launch of the $50 million Reg A+ Senior Beacon Bond offering, a fixed income, debt investment offering by Lighthouse Life Capital, LLC.
Les has more than 30 years of expertise in finance, insurance, and investments. For 10 years, he worked with CMG Life Services as the Director of Operations where he led CMG’s effort to acquire life insurance policy assets. While there, he assisted in the placement of more than $2 billion in investor capital and developed several software applications to analyze and project the performance of acquired life insurance policies. Les has also served as the chief financial officer of several regional insurance brokerage firms. He attended Indiana University of Pennsylvania for his bachelor’s degree in Applied Mathematics and Computer Science. He also holds an Executive MBA Degree from the University of Pittsburgh. Mr. Logsdon is a licensed life and health insurance producer.
“Les Logsdon brings a breadth and depth of knowledge to Lighthouse Life, from investment management to statistical modeling, all of which will contribute to the continued growth and success of the company,” said Lighthouse Life CEO Michael Freedman. “Les will help deploy capital to purchase and resell policies we originate from the company’s B2B and B2C strategies, generating significant value for the policyowners who sell their policies to Lighthouse Life and returns for our investors.”
Lighthouse Life sources and purchases life insurance policies through the regulated life settlement market, utilizing its specific knowledge of life settlements and the needs of life insurance policyowners. Led by a seasoned senior management team with more than 100 years of combined experience in life settlements, life insurance, finance, and marketing, Lighthouse Life delivers value to consumers through fast, efficient, and transparent life settlement transactions, and provides investors with a diversified source of income through participation in the largely untapped life settlement market.
Lighthouse Life Capital, LLC, recently announced that the US Securities and Exchange Commission qualified its $50 million Reg A+ corporate bond offering, known as the Lighthouse Life Senior Beacon Bonds. Proceeds from the Beacon Bonds will be used to expand the Company’s business through increased networking, marketing, and advertising of its life settlement services and to purchase policies that it will subsequently resell, generating revenue within weeks and months, and without encumbering certain risks related to the construction and maintenance of policies in a portfolio over many years.
About Lighthouse Life
Lighthouse Life Solutions, LLC works with financial professionals – including insurance agents, financial advisors, accountants, and others – who advise and assist policyowners with the sale of unwanted, unneeded or unaffordable life insurance policies. The company works with financial professionals who refer policyowners to Lighthouse Life for a fast and easy appraisal of the policy’s value and, if appropriate, Lighthouse Life offers to purchase the policy. Lighthouse Life offers a unique, fast, and easy approach for financial professionals to integrate life settlements into their practice for the benefit of life insurance policyowners.
This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor will there be any sale of, securities in any jurisdiction in which such offer, solicitation or sale is not authorized. Neither the SEC nor any other regulatory body has approved or disapproved or passed upon the accuracy or adequacy of the information presented in this press release. Any offer to sell or solicitation of an offer to buy Lighthouse Life’s Beacon Bonds may be made solely by means of Lighthouse Life’s Final Offering Circular, as the same may be supplemented (the “Offering Circular”). The Offering Circular is available at: https://www.sec.gov/cgi-bin/browse-edgar?CIK=1824921.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements are based upon Lighthouse Life’s present expectations, but these statements are not guaranteed to occur. Furthermore, Lighthouse Life disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. Investors should not place undue reliance upon forward-looking statements. Although Lighthouse Life believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, Lighthouse Life’s actual results and performance could differ materially from those set forth in these forward-looking statements due to numerous factors. For further discussion of the factors that could affect outcomes, please refer to the risk factors set forth under the caption “RISK FACTORS” in the Offering Circular. We claim the safe harbor protection for forward looking statements contained in the Private Securities Litigation Reform Act of 1995.