The US life settlement market is positioned for long-term expansion as investor demand for low-correlated alternative assets converges with an aging population, rising retirement and long-term care funding needs, and broader direct-to-consumer awareness, according to Life Settlements: Positioning for Long-Term Expansion, a new study by insurance asset manager, Conning.
“The long-term forces supporting the life settlement market remain favourable, but the path to growth is becoming more complex,” said Scott Hawkins, Head of Insurance Research at Conning and author of the study.
“Market participants will need to expand consumer access while carefully managing policy supply, insurer exposure, financing, and emerging longevity risks.”
The report provides Conning’s analysis of the 2025 life settlement market and its key drivers, along with forecasts for annual settlement volume and gross market potential through 2035 and is the firm’s 21st consecutive review and forecast of the market. In addition to the market forecast, the study includes analysis of the insurers targeted by life settlement investors and an introductory review of market structure, participation costs, and key portfolio risks.
