Track-Life launches web portal for servicing life settlement portfolios
Track-Life has launched a web portal that changes the way portfolio managers can view critical information within a life insurance settlement portfolio.
Transparent Life Plus is the first life settlement tracking and servicing system that offers real-time information and statistics on insurance policies held within a life settlement portfolio.
Track-Life, launched in 2008 by executives from The Lifeline Program, has recently entered into an operating alliance with Madison Strategic Partners to broaden its servicing and tracking offerings.
Using Transparent Life Plus, portfolios can be analysed by policy size or type, policyholder demographics, premium amounts due, and dozens of other criteria. The system enables managers to optimise and minimise premium payments, closely track medical evaluations of policyholders, expedite death claims and monitor carrier ratings.
“We have developed a policy tracking application that we believe is a game-changer,” says Brian J. Barclay, president of Track-Life. “For the first time, a life settlement portfolio manager can quickly and easily analyse all aspects of a portfolio. There is no more flying blind.”
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