Welcome to the Retirement Value LLC Receivership website. This website was established to provide information regarding the status of the case as well as our efforts to recover assets for the investors’ benefit. If you have questions that are not answered by the website, please contact the Receiver directly. His contact information can be found on the Contact Information page.

Distribution

 

After reviewing the available cash and the level of reserves he is required to maintain, the Receiver has determined that he cannot make a distribution to the investors at this time. According to the latest stochastic report, the Receiver is required to maintain approximately $12 million in premium reserves. As a result, he does not have sufficient cash on hand to make a distribution. When additional maturities occur, the Receiver will re-evaluate whether he can make a distribution.


Receiver’s Report


Although the active phase of the Receivership has ended, the Receiver continues to manage the estate’s cash and insurance policies.  To keep the investors and court informed, the Receiver will report on the status of the estate and his activities quarterly. You can find the quarterly reports on the Investor Communications page. The Receiver has issued his report for the fourth quarter of 2018.

Maturities

On February 3, 2019, Policy No. LFG177-031909-MC ($1.5 million) matured. The Receiver is in the process of collecting the death benefit for this policy. Based on the most recent stochastic analysis (December 31, 2018), the Plan’s reserve requirements have not been met. Accordingly, this maturity will not result in a distribution.


The Portfolio


To date, ten of the policies in the portfolio have matured generating $37.7 million in collected death benefits. An additional policy matured in June 2018, which should generate an additional $2 million in death benefits. With the maturities and distributions to date, the portfolio is performing as expected. While the Receiver anticipates making additional distributions, he does not know when the next distribution will be made or how much it will be. Whether a distribution will be made and the amount of the distribution depends largely on the number and size of the policies that mature. Each maturity will not necessarily result in a distribution. The Receiver can make a distribution only when the cash held by the Receiver exceeds the amount that he is required to keep in reserve to pay premiums and other expenses. 


Contacting the Court


Please do not call or write the Judge directly. If there is something that you wish to bring to the Judge’s attention, you must file a motion, pleading or other document with the Travis County District Clerk at the following address:

Amalia Rodriguez-Mendoza
Travis County District Clerk
P.O. Box 679003
Austin, TX 78767-9003

Your document should identify this case by its title and cause number (State of Texas vs. Retirement Value, LLC et al; In the 126th Judicial District Court of Travis County, Texas; Cause No. D-1-GV-10-000454). You must also send a copy to the Receiver and to the other parties to the case. Upon request, the Receiver will provide a copy of the current list for service on the parties and counsel. The Travis County Law Library has forms and other useful information for parties without lawyers.