Lighthouse Life Solutions LLC, a U.S. life settlement company, has named Les Logsdon as chief investment officer of the company and its related entities.
Lighthouse Life sources and purchases life insurance policies through the regulated life settlement market. In his new role, Logsdon will manage the acquisition and trading of such purchased life insurance policies.
In January, the Securities and Exchange Commission qualified the company’s $50 million Regulation A+ corporate bond offering, the Lighthouse Life Senior Beacon Bonds.
Logsdon has more than 30 years of expertise in finance, insurance, and investments, and previously served as director of operations at CMG Life Services where he led the company’s effort to acquire life insurance policy assets. According to company, he reportedly 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 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 Michael Freedman, chief executive officer of Lighthouse Life. “Les will help deploy capital to purchase and resell policies we originate from the company’s [business-to-business] and [business-to-consumer] strategies…”
Logsdon has also served as the chief financial officer of regional insurance brokerage firms Collier Insurance Services and The HDH Group, according to his LinkedIn profile. He holds a bachelor’s degree in applied mathematics and computer science from Indiana University of Pennsylvania, as well as an MBA from the University of Pittsburgh.
Logsdon is a licensed life and health insurance producer.
Lighthouse Life Capital LLC recently launched its $50 million Regulation A+ corporate bond offering, known as the Lighthouse Life Senior Beacon Bonds.
The company indicated that offering proceeds will be used to expand its business through increased networking, marketing, and advertising of its life settlement services, and to purchase policies that it will subsequently resell.
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.