Oceanside, CA ÔÇô Amrita Financial, a leading life settlement company, and Finance Logix announced theyÔÇÖve partnered in a first-of-its-kind strategic partnership aimed at improving the efficiency, transparency and value in life settlement transactions.
Press release
Submitted by Christian Evulich on
Submitted by Christian Evulich on
The Amrita Life Settlement Index results were announced today revealing a 73 point drop in February from January 2010 levels. The weaker than expected demand for life insurance policies on the secondary market resulted in the 13.9% decline from 528 points to 455 points on the index.
Submitted by Christian Evulich on
New Life Settlement Index Tracks Buying Activity
Oceanside, CA ÔÇô Amrita Financial has released the inaugural results of the Amrita Life Settlement Index showing a continued, but modest recovery in the life settlement industry. Data from January life settlement market activity represented a 28 point increase to 528, indicating a slight increase in demand for life insurance policies on the secondary market. The indexÔÇÖs strengthening was mainly based upon an improvement in life settlement origination activity and an increasingly optimistic buying outlook going forward.
Submitted by Christian Evulich on
Oceanside, CA 6/27/09
The Life settlement industry, while relatively new, hasnÔÇÖt benefited from technological advances as much as other segments of the financial services sector. A life settlement occurs when someone sells their existing life insurance policy for an immediate lump sum payment. Life settlement brokers, the middle men in the process, work on behalf of consumers to negotiate the highest offer for their insurance policy from buyers such as investment banks, hedge funds, investment funds and other financial institutions. This traditional bricks and mortar, labor intensive approach contributes to the highest transactional cost of any asset class. Consumers often end up selling similar policies for far different prices as the knowledge and size of buyer networks varies greatly among life settlement brokers.
To address the inefficiencies of this $15 billion market and disparity among brokers, Amrita Financial just unveiled a new web based, do it yourself life settlement tool. The new electronic marketplace platform at www.AmritaFinancial.com provides consumers with a direct conduit to the financial institutions that buy life insurance policies and enables them to autonomously complete a life settlement without using a broker.