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Advanced Settlements Offers ILS Access

By Staff Writer

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A life settlement broker is offering clients a new funding option.

Advanced Settlements Inc., Orlando, Fla., says it will be providing access to the Institutional Life Services platform.

The platform is owned by National Financial Partners Inc., New York; Genworth Financial Inc., Richmond, Va.; and Goldman Sachs Group Inc., New York.

The new ILS system can conceal a policyholder’s personal information while maximizing the ultimate sales price by presenting the policy to more than one investor at the same time, Advanced Settlements says.