Close Close
ThinkAdvisor

Life Health > Life Insurance

Legacy Expands Policy Warehousing

X
Your article was successfully shared with the contacts you provided.

A life settlement firm is selling more life policy block administrative support services.

Legacy Benefits L.L.C., New York, says it now is warehousing life policies for life settlement clients as well as originated life settlement transactions.

More on this topic

Carefully warehousing life policies can improve the quality of the policy block and help ease the process of launching a life settlement fund, Legacy says.

Legacy recently drew on warehoused policies to sell a life settlement policy block backed by policies with about $36 million in face value, the firm says.