Integrity Life Solutions L.L.C. says it is working with a domestic fund to buy life insurance policies with small face values for sale in the secondary market.
Integrity Life, Maplewood, N.J. says it and the domestic fund will buy life policies, including term life policies, with face values ranging from $50,000 to $500,000. Integrity Life has declined to identify the domestic fund.
“This is a new source for us,” Erez Rotem, president of Integrity Life, says in a statement about its alliance with the fund. “We are thrilled to be able to see additional capital coming into the market.”
- Trevor Thomas