CULTIVATING LONG TERM SUCCESS.
The secondary market for life insurance continues to develop at a rapid pace, providing new value for clients and fresh opportunities for financial professionals. With life settlements now recognized as mainstream transactions, more states are adopting laws and regulations to govern them.
Effective secondary market regulation creates a resilient, responsible exchange where policyowners can benefit from the market value of their unwanted or underperforming policies. This increased consumer confidence and advisor awareness will likely lead more clients to consider a life settlement as they review their options.
Coventry strongly supports regulation that protects both the consumer and the institutional investor and has long championed rigorous standards for the secondary market. We were the first secondary market firm to promote industry regulation. And we invested heavily to establish exacting internal processes - processes that are now emulated throughout the industry.
Our in-house team of attorneys and compliance professionals monitors all legislation and regulation affecting life settlements in the fifty states, Puerto Rico and Washington, DC. Coventry actively participates in the legislative and regulatory affairs relating to the secondary market and coordinates with regulatory counsel throughout the country to help facilitate those efforts. As a component of its anti-fraud initiatives in the state of New York, Coventry participates in the New York Public Awareness Campaign offered by the Life Insurance Settlement Association (LISA). For more information, please click here.