Life settlement provider Coventry is committing an additional $300mn to fuel the expansion of its non-medically underwritten life settlement investment initiative.
“This expansion is a top priority for us and continues our trend of using proprietary capital, allowing us to make quick, independent buying decisions without relying on third parties or external approvals,” said Reid Buerger, CEO of Coventry.
Coventry’s Simplified Settlements Program enables policyowners to sell their eligible Universal Life policies in as little as one week with no required medical underwriting. The program’s streamlined approach lowers the minimum qualifying insured age to 65, with no limit on policy size.
“This initiative presents a significant opportunity for policyowners and financial advisors to access the market value of life insurance policies in a fraction of the time of a traditional life settlement,” added Buerger.
