The Amrita Life Settlement Index fell about 29% in March from its February level, to 325 points from 455, showing a continued slide in demand for insurance policies on the secondary market.
The 130-point drop was a result of increasingly conservative buying activities and sentiments from life settlement providers, according to Amrita Financial Inc., Oceanside, Calif., which developed the index.
Bearish market factors were behind the decline, says Amrita, a Web-based settlement service. Specifically:
–The number of insurance policies received by life settlement providers for purchase consideration rose in March.