The Lifeline Program recently announced that veteran investment banker Scott Sanders has joined the company as head of capital markets. He is directing the company’s efforts to sell pools of life settlement portfolios to institutional buyers including pension funds, private equity groups and hedge funds. Interest in life insurance settlement portfolios from institutional, tertiary markets is on the rise, according to company executives.
“We are pleased to add Scott Sanders to our talented and growing executive team,” said Wm. Scott Page, president and CEO of the Lifeline Program. “His knowledge of the relationship between life settlements and the capital markets is unmatched, and his vast contacts will be invaluable to our company.”
Prior to joining the Lifeline Program, Sanders spent nearly 15 years in strategic consulting and structured finance. Most recently, he ran his own independent investment banking firm, where he managed private equity and venture capital engagements within the life settlement market among many others. He earned his undergraduate degree from the University of Minnesota and an MBA from the Kellogg School of Management at Northwestern University.
“As the life settlement market exits a tumultuous two-year period, there are many unique opportunities for fund and asset managers, and even securitization has re-entered the conversation,” said Sanders. “Properly structured pools, comprised of rigorously underwritten policies, are offering increasingly compelling return characteristics.”
The Lifeline Program recently announced that it has launched a new initiative which expands its funding capacity. With access to new, proprietary capital, the company has begun purchasing life insurance policies on a large scale to package portfolios for sale into the tertiary markets.
The Lifeline Program is a life settlement provider based in Atlanta, and is a division of Wm. Page and Associates, Inc. Founded in 1989, The Lifeline Program offers life settlement portfolio aggregation services and alternative investment opportunities to financial institutions, fund managers and other investment entities. The company partners with insurance agencies and broker dealers to establish life settlement business lines and assists seniors with retirement planning options. For more information on life settlements, visit www.thelifeline.com.