This year the first-ever Humanitarian Award was created by MBC to recognize the outstanding achievements of those individuals who consistently and tirelessly give back to the community. The first annual MBC Humanitarian Award was presented to Anthony M. Livoti, Jr., the Trustee under the Mutual Benefits Corporation program. In addition to being the trustee for the ownership of life insurance policies funded by MBC, Mr. Livoti is on the Board of Directors of CHC/Center One, serves on the Board of Directors for the Art for Aids Auction and American Red Ribbon Awards, is on the Advisory Board at Admiralty Bank, was a Nominee for The Florida Bar Pro Bono Award, has received the Award of Merit from The Fraternal Order of Police, and has received the Certificate of Recognition from the Florida Labor Council.

This past December, Mutual Benefits Corporation hosted our largest holiday party ever. More than 535 guests from all over the globe attended the elegantly decorated Crystal Ballroom at Fort Lauderdale’s Hyatt Regency Pier 66 Resort. The memorable entertainment included a full orchestra, Minuet dancers, magicians, contortionists, acrobats, caricature artists, tarot card readers, strolling musicians, and of course, Santa and Mrs. Claus. Thank you to all of our agents who traveled to be with us for this festive and joyous occasion.

Three years ago, Mutual Benefits Corp. introduced life settlements to their agents and clients. Previously referred to as "Life Settlements," life settlements differ from viatical settlements because the person selling a life insurance policy is usually a senior citizen who is not terminally ill. More and more seniors are becoming aware that their life insurance policies are, in reality, a financial tool. Many seniors use this much-needed cash to upgrade their medical care, enhance the quality of their daily lives, give cash gifts to family members, or even to fund a cherished dream. Life settlements can also alleviate the stress of paying high premiums month after month.

Many of these policy sellers suffer from some medical condition that even though is not terminal today, may become so in the next few years. These diseases include diabetes, heart disease and even non-terminal cancer. Our independent reviewing physicians and medical review companies take into account, that as we age, our immune systems weaken, and those seniors who have pre-existing medical conditions are much more eligible for this program. In fact, the financial relief that many of these seniors get from the sale of their life insurance policies alleviates the stress of financial worries they face, helping them to live their remaining years with dignity.

If your clients have not considered life settlements as a financial tool, why not introduce them to the MBC life settlement program.

MBC’s Viatical University has now reached every corner of the globe. Our January VU class was one of our best ever, with students from the U.S., Austria and the U.K. in attendance. Visiting agents receive a first-class, educa-tion on what viatical and life settlements are, how to sell them properly, and why we feel that they are a terrific alternative to other more traditional financial tools.

If you are interested in attending Viatical University at MBC in Ft. Lauderdale, the schedule for the remaining classes in 2003 is as follows:
March 4-5 • April 1-2 • May 6-7 • June 3-4
July 8-9 • Aug. 5-6 • Sept. 9-10 • Oct. 13-14 • Nov. 4-5

Mutual Benefits Corporation is one of the largest viatical and life settlement providers in the world. MBC was incorporated in Ft. Lauderdale, Florida in 1994 and has worked closely with more than 26,000 purchasers of life insurance policy benefits. Viatical and life settlements funded through Mutual Benefits are non-stock products and offer fixed total returns of 12%, 21% 28%, 42%, and up to 72% (depending on terms and conditions). Purchasers (or their assignees) become direct beneficiaries of the policies and can receive principal plus a fixed return when the policy matures. MBC has funded the sale of life insurance policies from America’s top-rated insurance companies rated B+ or better by A.M. Best. MBC settlements may be eligible for most IRAs, SEPs, and other retirement programs. MBC is an active member of the Viatical and Life Settlement Association of America and MBC has helped thousands of terminally ill and senior citizens by offering a program that can provide a practical solution to their financial needs.