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 than three times as many policies as its closest competitor, and over 40% of all life settlement transactions in 2020.
Coventry was also atop of the league tables by value and total investment, purchasing over $1.4 billion in policies.
“The Coventry team was able to rise to the occasion, tackling the many challenges the pandemic brought to both our company and policyowners. The growth of our business last year is a testament to how committed we remain to empowering policyowners with flexible options to sell their life insurance policies,” said Reid Buerger, CEO of Coventry.
Coventry is the leading buyer of life insurance policies, as well as the largest provider of education to financial advisors, regulators and policyowners – working to raise awareness that life insurance is a valuable asset and life insurance policy appraisals are an integral part of financial planning. As the number one life settlement company, Coventry has the industry’s premier network of financial professionals and employs a streamlined transaction process and best-in-class execution. Coventry is proud to offer innovative solutions that improve the lives of policyowners and their families.
For nearly 40 years, the Coventry companies have been redefining insurance. In 1998, Coventry created the secondary market for life insurance, coining the term “life settlement” to describe the transaction that enables policyowners to sell their unneeded life insurance policies. Since then, Coventry has completed more than $40 billion in longevity-linked transactions.
Today, Coventry continues to drive the industry forward by educating policyowners about the value of their life insurance policies. Coventry’s deep experience combined with a fierce commitment to consumer rights makes Coventry the clear market leader, a position we use to raise industry standards and expand consumer choice. To learn more about Coventry, please visit www.coventry.com.