Absolute Life Solutions, a financial services firm focused on the creation of cash liquidity for seniors and insurance industry focused investors, plans to pursue the formation of a portfolio of insurance policy assets via acquisition of individual policies and discounted bundles of policy portfolios.

"We believe that now is an excellent time to be entering the life settlements market," says Moshe Oratz, chief executive officer of Absolute Life Solutions. 

"Hedge funds and other private equity investors who amassed portfolios of policies need cash flow as they continue to weather the current financial crisis. The diminished capacity of these funds to purchase additional policies coupled with a significant reduction of buyers in the market, has created a perfect opportunity for companies such as Absolute Life Solutions Inc. to capitalise on. We will employ our proprietary valuation platform to assess policy portfolio buying opportunities and bring qualified assets into our diversified portfolio of life settlement investments."