Track-Life L.L.C. announced it is helping hedge funds and investment groups manage an increasing number of distressed life settlement portfolios that include complex premium-financed policies.

The company, which offers technology and services to portfolio managers for evaluating life settlements, says it recently began evaluating portfolios for banks and institutional investors that have taken ownership of life settlement investments after loan defaults.

Track Life, Atlanta, also announced it recently secured a contract to service a multi-billion-dollar life insurance settlement portfolio.

The company was launched in 2008 by executives of the Lifeline Program, a unit of Wm. Page & Associates Inc., Atlanta.