Lifeline Successful Portfolio Aggregation
The Lifeline Program has developed proprietary methods to aggregate insurance policies and to create custom portfolios, enabling fund managers to select, to their exact specifications, the size, type and performance characteristics of a lie settlement portfolio. For this purchase, the investor group had specific criteria including that it was only seeking policies with $5 – $10 million in face value and life expectancies of 180 months or less. Within about two weeks, all eligible policies were identified and funds for their purchase were escrowed.
“This project proves our point that aggregation is just as fast as purchasing an existing portfolio outright – but without losing the ability to custom-select each policy purchased,” said Wm. Scott Page, president and CEO of The Lifeline Program. “We quickly aggregated a portfolio with detailed performance criteria, and there are no questions regarding insurable interest or transparency. It is a far superior manner for an investment group to enter the life settlement market.”
According to Page, the company is currently seeking other institutional investors and fund managers to partner with the Lifeline Program to aggregate portfolios of policies. Page states that the company’s objective is to purchase A+/AAA rated personal life insurance policies directly from consumers and to bundle the policies into small portfolios. These portfolios may be held by the investors, providing stable, uncorrelated returns or resold as existing pools. Such arrangements will include a post-sale servicing contract to manage premium payments, insured tracking and death benefit collections.
Source: Business Wire
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