Cloud 9fin
It's a Wonderful Life Settlement
Oct 26, 2023
Sami Vukelj, an expert in private credit firms and the secondary market for life insurance policies, discusses the intriguing topic of life settlements. They explore the process of selling life insurance policies, the controversy surrounding life settlements, and the metrics to consider when analyzing life insurance portfolios. Tune in to learn more about this morbid yet fascinating segment of specialty finance.
12:39
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Quick takeaways
- The life settlements industry involves selling active life insurance policies to big investment firms, providing liquidity options for seniors who may need extra cash or prefer to use their money while alive.
- Big investment firms like Blackstone, Apollo, and KKR are involved in buying bundled life insurance policies from brokerage firms, which become part of their investment portfolios.
Deep dives
What is the life settlements industry?
The life settlements industry refers to the secondary market for life insurance policies. It involves selling active life insurance policies to someone for a multiple of its cash value component. Instead of the death benefit going to the beneficiaries, it goes to the buyer of the policy. Big investment firms like Blackstone, Apollo, and KKR are involved in buying these policies.
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