Life settlement broker Advanced Settlements Inc. announced that it has established links to three new funding sources.
“These companies are prepared to devote significant capital toward the purchase of insurance policies in the secondary market,” according to the company’s announcement.
The fact that new capital is coming back to the secondary market is a strong indication that the market for life settlements is rebounding, the company says.
The new relationships give Advanced Settlements access to over 15 financing sources, says Advanced Settlements, Orlando, Fla.
“Based on our survey of our funders, we believe we will experience an increase in pricing activity through 2011,” says Scott Kirby, Advanced Settlements’ co-president.