The market for life settlement policies is developing rapidly, according to boutique fund management...
The market for life settlement policies is developing rapidly, according to boutique fund management group Policy Selection Limited (PSL). PSL runs the Assured fund, which invests in US life assurance policies sold on the second hand traded market by elderly US citizens, with policyholders typically aged between 75 and 85. These policies carry a guaranteed death benefit and an assured sum. Consequently, when a policyholder dies the Assured fund receives the proceeds. According to PSL, its Assured fund has delivered 48 months of consecutive months of positive returns since going live i...
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