Welcome to the Vespers Policyowners Website

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In mid-2007, VESPERS, LLC, your life settlement program’s original sponsor and premium payment guarantor, determined that it would no longer fund the policy premiums. Sinomatic Investment Holdings, Inc. (“Sinomatic”) agreed to fund the policies after VESPERS failed to do so under the terms of the Master Funding Agreement.

As Sinomatic has explained in this letter, Sinomatic found itself unable to continue funding the policies because the VESPERS policies did not have reliable life expectancy projections and because its own capital resources were adversely affected by the economic problems that have affected the world since 2008.

In late July 2012, the firms which are the legal policy owners of the VESPERS policies (informally known as the Coalition of Vespers Policyowners) mailed to each U.S. resident investors a letter that included an update on the status of his or her policies. We also provided those letters to the agents of the investors who live in South America or Asia. If you have not received a letter, please email us or contact your agent. We will send you a copy.

The following VESPERS policies were subject to the Master Funding Agreement:

There is also a group of VESPERS policies without funding problems when the Master Funding Agreement was adopted in 2008:

Policy V00124, however, has run out of premium funding. Investors declined an offer to self-fund premiums.

The policies that are identified in bold black print are active as of December 9, 2016, and those identified in plain bold print matured with proceeds distributed to Sinomatic and the investors under the terms of the Master Funding Agreement since 2008. The policies that are identified in bold red print have lapsed without any value to investors or Sinomatic. The policies that are identified in plain yellow print are running on temporary funding. Investors are being contacted .

Because of Sinomatic’s voluntary premium payments preceding the Master Funding Agreement’s effective date, the following VESPERS policies that matured while in force and the proceeds were distributed to the investors and to Sinomatic (to reimburse those payments):

Our efforts to discuss funding alternatives for the active policies with agents and brokers to discuss funding alternatives for the active policies have been unsuccessful.  We do not have and we are not assuming any legal obligation with respect to your investments in the Vespers policies.

While we will take reasonable steps to keep you informed by posting updates on this website from time to time, you may wish to take additional actions regarding the active policies in which you have an interest. We urge you to consult your own advisors in this regard. We regret that your investment in these policies has not yielded the hoped-for returns.

We wish you the best for the future.

Last updated: December 9, 2016. Click here for further updates.