FORT WASHINGTON, PA — Coventry, a recognized leader in the secondary market for life insurance policies, has committed an additional $300 million to expand its non-medically underwritten life settlement investments.
This move highlights Coventry’s strategic priority to leverage proprietary capital, enabling swift, independent purchasing decisions. Reid Buerger, CEO of Coventry, stated, “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.”
The company’s Simplified Settlements® Program offers policyowners the opportunity to sell eligible Universal Life policies rapidly, with transactions completed in as little as one week and no medical underwriting required. This initiative lowers the minimum qualifying insured age to 65, with no cap on policy size, making it an attractive option for policyowners and financial advisors seeking to realize the market value of life insurance policies efficiently.
Buerger added, “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.”
As the industry leader, Coventry continues to stress the importance of policy appraisals in understanding the value of life insurance as a financial asset.
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