This SPAC – Special Purpose Acquisition Corporation- is intended to acquire, merge and consolidate life settlements insurance companies. Life settlement has been the booming and most profitable market with a double digit growth of the overall insurance business. A life settlement refers to the sale of an existing insurance policy to a third party for a one-time cash payment. Payment is more than the surrender value but less than the actual death benefit. After the sale, the purchaser becomes the policy’s beneficiary and assumes payment of its premiums. By doing so, they receive the death benefit when the insured dies.