A recent index released from the Amrita Life Settlement Index experienced a 73-point drop in February from January 2010.
The weakness was largely due to a persistent imbalance between available policies and active buyers in the life settlement market, says Amrita. Traditional sources of policy origination such as life settlement brokers, consumers and other intermediaries continue to feed supply into a market showing limited demand.
The February index results reflect some tightening of buying appetites while life settlement provider buying demands remain conservative overall, Amrita states.
The weaker-than-expected demand for life insurance policies on the secondary market resulted in a 14% decline, from 528 points to 454 points on the index, developed by Amrita Financial Inc., Oceanside, Calif.
More details and information will be shared once we receive it.
Producers and brokers have relayed information that providers are “cherry picking” the best policies and paying the lowest amounts. This could also have to do with the decline…
Source: NU ONLINE NEWS SERVICE
Amrita Life Settlement Index
