Life Insurance Settlement Industry Rebounding
As experts debate the likelihood of a double dip recession affecting the global economy
, the life settlement industry in the United States is showing some signs of recovery. Over the past two and half years the secondary market for life insurance faced very difficult times. However some indicators are now pointing to a strengthening life settlement market.While many life settlement providers have not been buying policies in the recent past due to a lack of funding, some are starting to report good news. Inactive providers are waking from their hibernation with new capital to spend on American life insurance policies.
The Amrita Life Settlement Index reported a steep gain in April based on increased buying activities by life settlement providers. Most noticeable was a sharp increase in the amount of bids being submitted for life insurance policies on the secondary market. The increased competition suggests a strengthening market overall. A stronger, more competitive market will benefit sellers with higher sales prices.
With a Life Insurance Settlement Association trade mission to Europe and explicit interest in the American life settlement market from European interests, many in the United States were hoping for a recovery based on international investment. The recent Euro Dollar decline and European sovereign debt crisis has left investors from across the pond somewhat impotent. European investment funds and institutions are cautiously sitting on capital to preserve liquidity.
Europe probably won't lead the United States life settlement recovery, many are optimistic about its future prospects. Life settlement providers are receiving funding to buy insurance policies and are more active in the marketplace as a result.
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