The Lifeline Program has launched an initiative which expands the life insurance settlement provider’s capacity to aggregate life settlement portfolios.
The newly self-funded company has begun purchasing life insurance policies on a large scale to package portfolios for sale to hedge funds, pension funds and other purchasers of long‐term, asset-backed investments.
“Institutional capital is beginning to flow back into the life settlement market,” says Wm. Scott Page, president and chief executive of the Lifeline Program.
“Favourable policy pricing and an overall thinning‐out of questionable portfolios have combined with other positive developments to draw interest from the tertiary markets. Our new self-funding model places us in an enviable market position.”
The company’s new funding arrangement enables it to aggregate portfolios quickly and in a transparent manner.