FORT WASHINGTON, PA — Coventry continues to dominate the life settlement industry, ranking first in both the total number of policies purchased and total face value, as reported by financial publication The Deal. This marks the tenth consecutive year that Coventry has held the top spot since the rankings began in 2013.
Coventry and its affiliate, Life Equity, bought over 1,600 policies in 2023. This figure surpasses the combined total of all other life settlement providers in the market.
“It’s always an honor to be recognized in the league tables,” said Reid Buerger, CEO of Coventry. “Being number one has been ingrained in Coventry’s DNA since we created the industry, long before the league tables were put in place.”
Buerger attributes their sustained success to a commitment to educating policyowners about the significant value of their life insurance policies. He also credits their dedication to driving the industry forward. Since its inception, Coventry has provided more than $5.7 billion to individuals who no longer need their policies.
The life settlement industry involves selling a life insurance policy for more than its cash surrender value but less than its net death benefit. This provides policyowners with immediate cash, an option becoming increasingly popular among seniors and those with changing financial needs.
Coventry’s leadership in this market reflects not only its dominance in transactions but also its role in shaping and growing the industry. By purchasing more policies than any other provider, Coventry has set a high standard and demonstrated the growing acceptance and utility of life settlements as a financial planning tool.
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