The Amrita Life Settlement Index rose about 29% in April.

The life settlement activity indicator climbed to 417, from 324 in March.

The increase was due to a sharp rebound in life settlement market activity and renewed bullish expectations, says Amrita Financial Inc., Oceanside, Calif., the firm that publishes the index.

Life settlement providers surveyed by the firm reported a strong month-over-month increase in the number of cases in which they made offers, Amrita says.

Other findings:

- The number of policies actually purchased also spiked.

- Settlement providers reported larger supply of policies entering the secondary market.

- Providers indicated there was increased competition among buyers for life insurance policies.

- Those surveyed expressed a favorable outlook for the life settlement market going forward.