FORT WASHINGTON, PA, JULY 22, 2024: Coventry today released an independent, academic peer review confirming the results of an internal analysis of life expectancy estimates issued by leading life expectancy providers. That analysis found that estimates issued by Lapetus Solutions, Inc. are consistently the shortest by a wide margin—meaning that valuations based on Lapetus life expectancies could lead to significantly inflated asset values and investor losses. The review of the…

FORT WASHINGTON, PA, JUNE 10, 2024: Coventry, the leader and creator of the secondary market for life insurance, continues to rank first in the life settlement industry for both total number of policies purchased and total face value, according to industry league tables. The league tables, published by financial publication The Deal, are a comprehensive review of secondary market life settlement transactions. Coventry companies have held the top spot each…

FORT WASHINGTON, PA, May 7, 2024: Coventry today released the results of an internal review that found life expectancy estimates issued by Lapetus Solutions, Inc. are consistently and materially shorter than those issued by other life expectancy providers, potentially leading to the overvaluation of life insurance policies and investor losses. The results cast doubt on the accuracy of asset valuations based primarily on Lapetus life expectancies. After reviewing thousands of…

FORT WASHINGTON, PA, JUNE 20, 2023: Coventry, the creator of the secondary market for life insurance, once again ranks first for life settlements in 2022 by both number and value, according to financial publication The Deal. The league tables published by The Deal are a comprehensive review of secondary market life settlement transactions. Coventry companies have held the top spot each year since the rankings were first published in 2013.…

FORT WASHINGTON, PA, JUNE 17, 2022: Financial publication The Deal announced today that Coventry once again ranked first for life settlements by number and value in 2021. The league tables published by The Deal are a comprehensive review of secondary market life settlement transactions. Coventry companies have held the top spot each year since the rankings were first published in 2013. Coventry First and its affiliate, Life Equity, bought more…

FORT WASHINGTON, PA, FEBRUARY 09, 2022: Coventry, a leading insurtech company and the nation’s largest purchaser of life insurance policies, announced today that it is launching a new program to help employees repay their student loans. Under the program, Coventry will match up to $2,500 per eligible employee per year in student loan payments, enabling employees to pay off their loans faster. The payments are tax-free to employees in accordance…

FORT WASHINGTON, PA, MAY 19, 2022: Coventry, the leader and creator of the secondary market for life insurance, announced today that it has appointed Rick Lauro as Chief Operating Officer. In his new role, Lauro will be responsible for implementing operational efficiencies across the organization and driving transformational activities to position Coventry for continued success. “Coventry is experiencing unprecedented growth,” said Reid Buerger, Coventry’s CEO. “Rick’s extensive experience in leading…

FORT WASHINGTON, Pa.–(BUSINESS WIRE)–Financial publication The Deal announced today that Coventry once again ranked first for life settlements by number and value in 2020. The league tables published by The Deal are a comprehensive review of secondary market life settlement transactions. Coventry companies have held the top spot each year since the rankings were first published in 2013. Coventry First and its affiliate, Life Equity, bought over 1,400 policies in 2020, more…

Originally published May 18, 2021 at InvestmentNews.comBy Mary Beth Franklin The most common reason to buy life insurance is to provide income replacement for loved ones in the event of the death of a breadwinner. But as life goes on, children grow up and family needs may change. The once-valued protection can become a financial burden for an aging policy holder. Or perhaps a client’s financial goals have changed. An…