May 20, 2021 01:00 PM Eastern Daylight Time
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 1,300 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.