Group's £200m Life Settlements fund denies it takes advantage of impaired lives
The EEA Life Settlements fund has achieved 37 consecutive months of positive returns since its launch in November 2005. The £200m fund invests in a portfolio of over 330 life insurance policies issued by 77 life companies. The average policy size is $1.13m, with the average life company rating of A+. In the US, each insurance company is subjected to the federal law of the state in which it is constituted and, in the case of an insurance company becoming insolvent, policyholders are considered to be priority creditors and the state guarantees a minimum payout per policy, typically $500...
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