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PolicyTrac Introduces Straight-Through Processing to the Life Insurance Settlement Industry.

April 27, 2010, Boca Raton, FL --- PolicyTrac Technologies, LLC, a leading provider of secured technology and back-office solutions, introduces Straight Through Processing (STP) to the life settlement marketplace. STP allows information to be transferred between producers, brokers, providers and institutional investors in the life settlement process without manually re-entering the same information repeatedly over the entire transactional lifecycle. Case files and documents submitted between PolicyTrac members can now be reviewed, processed and uploaded with a single click!

PolicyTrac is now offering Straight Through Processing to all market participants via a web based operating platform where cases can be securely transferred from producer to broker to provider to investor instantaneously upon submission. STP benefits include:

• Increase Efficiency: By eliminating redundant processes and data replications, members realize 50-80% decrease in case processing times
• Data Security/Privacy: All users have complete control over their data via a single, secured hub, eliminating risks associated with multi-system data transfers
• Speed to Market: All participants benefit as qualified policies are distributed instantly
• Speed to Pricing: Members have the option of provider “pre-priced” policies through PriceFirst®, giving providers more complete files to choose from
• Speed to Closing: Less time spent on data input, validation and uploading means files are processed, priced and closed more efficiently
• Increased Business: Members can focus attention on their core business, not the systems used to operate them.

PolicyTrac's single point of access provides real time updates for all critical case changes, such as new life expectancy information, updated case documents, status changes and more. Files are now accepted & data is available instantaneously versus the old industry methods of receiving files via email, manually entering in the full case details, then determining if the file justifies further processing. PolicyTrac completes this task in seconds, eliminating 30-60 minutes of processing time per file. With hundreds of files being submitted per month to Brokers, Providers and Institutional Buyers, efficiency gains can exceed 100's of staff hours each month.

PolicyTrac launched in 2008 with Welcome Funds, Inc. (www.welcomefunds.com) and has since added Life Insurance Settlements, Inc. (www.lisettlements.com) and a leading national life settlement provider as full service members. Files submitted and closed between these institutions are now executed via Straight Through Processing under actual market conditions. In addition to files executed via STP, PolicyTrac currently connects two of the industry’s most active brokers to over 35 of the industry's leading Life Settlement Providers receiving real time, secure submissions daily.

David Kirby, President, PolicyTrac Technologies, LLC adds "We took a great deal of time and effort fine tuning and testing PolicyTrac under real market conditions and we are excited to provide the technology backbone for three of the industry’s leading companies. By having these institutions seamlessly & securely communicate, the life settlement industry is now realizing efficiencies that used to be reserved for the banking industry and other financial institutions. STP in life settlements will save members hundreds of thousands of dollars and provide a level of security that is long overdue. We are excited to present this offering to the entire longevity marketplace."

About PolicyTrac

PolicyTrac is a secure online business operating system dedicated to the secondary market for life insurance. PolicyTrac enables Life Settlement Brokers, Providers, Financing Entities and Servicing Companies to manage their day-to-day activities and communications via an efficient and securely hosted platform. It reshapes and redefines the way the life settlement industry conducts business, channeling activity in one centralized hub. PolicyTrac provides members with cost effective technology solutions for consumer privacy, data security, organizational efficiency, and business analytics all through a state-of-the-art industry developed platform.

PolicyTrac Membership is offered through a subscription basis to eligible market participants. Contact PolicyTrac Technologies directly to register your firm and begin to use its resources to hone your competitive edge. If you are a provider or institutional investor not currently receiving submissions via PolicyTrac, please call for details. To learn more, please visit www.policytrac.com.

PolicyTrac is….Life Settlements. Simplified.®

For more information please contact:
David Kirby, President
dkirby@policytrac.com
PolicyTrac Technologies, LLC
1-561-826-0300

PolicyTrac® is a registered trademark & subsidiary of Welcome Life Financial Group, LLC (www.welcomelife.com).