FORT WASHINGTON, PA — Coventry has been named the leading life settlement provider for the twelfth consecutive year, according to industry rankings published by The Deal. The company secured the top position for both the total number of policies purchased and the total face value of those policies in 2024, affirming its sustained dominance in the market.
Coventry and its affiliate, Life Equity, collectively acquired more than 1,300 life insurance policies last year, representing over $1.4 billion in face value. These transactions accounted for more than all other providers in the industry combined.
“We’re proud to continue serving as a reliable and trusted resource for policyowners and financial professionals alike,” said Reid Buerger, CEO of Coventry. “While we’re pleased to be ranked #1 for the twelfth year in a row, we remain focused on delivering unmatched value through thoughtful underwriting, strong advisor relationships, and responsive service.”
This consistent top ranking underscores Coventry’s long-term commitment to providing optimal value for life insurance policyowners while maintaining stability for institutional investors. The company has achieved this through innovative programs and a focus on enhancing the utility of life insurance policies.
One such innovation is Coventry’s Enhanced Cash ValueSM program. This offering enables qualifying Universal Life policyowners to receive significantly more than the cash surrender value of their policies without the need for medical records or extensive underwriting processes.
“Our goal is to make life insurance more powerful, more flexible, and more valuable,” Buerger added. “Coventry’s new Enhanced Cash ValueSM program is another example of that.”
Coventry’s leadership and achievements in the life settlement sector highlight its unwavering dedication to creating financial opportunities for policyowners and maintaining strong relationships with financial professionals, ensuring that life insurance remains a versatile and valuable financial tool.
For the latest news on everything happening in Chester County and the surrounding area, be sure to follow MyChesCo on Google News and MSN.