Why do top advisors consistently turn to Coventry to help them tap into the enormous opportunities presented by the secondary market for life insurance? Because nobody knows more, does more or offers more than Coventry – the clear market leader.
We know the market – past, present and future.
Coventry’s expertise is unique. We created the secondary market, pioneered the resulting life settlement industry and our efforts continue to shape every market sector. We have defined the industry’s regulatory landscape by actively supporting rigorous standards. And we have established the model for industry capitalization by bridging insurance and capital markets to create a new class of assets that is fueling the market’s growth. Most important, we are continuing to develop new products and strategies to further expand the power, reach and value of life insurance. And to help the market reach its full potential.
We set the standards for the industry.
As the market leader, we feel that we have an extra responsibility to do things right. We were the first secondary market company to actively promote rigorous industry standards to protect consumer property rights and encourage best practices among life settlement providers, and we continue to champion pro-consumer legislation nationwide.
Our internal compliance team ensures that every transaction is executed to the highest standard. All Coventry transactions are financed with institutional capital, which provides the highest degree of privacy and confidentiality for clients. And we place restrictions on purchased policies to assure that a client's personal information will remain secure at all times.
Our understanding of life insurance is second to none.
Understanding and accurately appraising life insurance policies is no simple matter – especially when policies with large face amounts are involved. It is critical to the security of any secondary market transaction that the provider be well versed in the complexities, nuances and technicalities of life insurance.
Coventry is the only life settlement provider with origins in life insurance industry. For more than 25 years, we have been a leader in the sophisticated corporate and high net worth insurance markets. We have developed, marketed and administered policies with aggregate face amounts totaling more than $30 billion. Our management team includes experienced individuals from all sectors of the insurance industry. In short, our understanding is deep. Our experience is unmatched.
Our financial strength is without peer.
Coventry is backed by a global network comprised of many of the world’s largest and most respected financial institutions. Our reputation and expertise in the secondary market has established us as the clear partner of choice for top-tier firms seeking to capitalize on the emerging opportunities in this dynamic sector.
We are the education leader.
We are committed to supporting the market’s long-term success through education. As the industry’s only nationally licensed provider of CE credits, Coventry has developed a broad range of educational programs to help financial advisors master the secondary market and the opportunities it offers. To date, more than 20,000 financial advisors have received CE credits from Coventry.
We create unprecedented options for clients.
Coventry pioneered all the major transactions for the secondary market. We introduced life settlements enabling policyowners to access the market value of their life insurance. We introduced SWAPP®, a paid-up benefit based on market value. And we were the first to introduce premium financing based on the market value of the underlying policy. To date, we have delivered more than $2 billion over cash surrender value for unneeded or underperforming life insurance.
We do more for advisors. Much more.
Nobody has helped more advisors close more cases than Coventry. Our case process is streamlined and highly efficient. Dedicated case managers ensure transactions close successfully. Our 20 regional teams support advisors in regulatory and licensing issues and provide on-site continuing education seminars. Most important, we come from the insurance industry so we know the market. Everything we do is tailored to meet advisors individual needs and goals.
The experts agree.
Coventry is highly respected throughout the financial services industry. We have received the highest ranking from Standard & Poor’s (2004, reaffirmed 2006) - the first secondary market firm ever to be ranked strong. And Coventry was ranked #1 in the insurance category of the Inc. 500 listing of the fastest growing privately held companies in America.
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