|
|
Article: The Secondary Market for Life Insurance Expanding Rapidly; Coventry First Tops $2 Billion in Life Insurance Policies Acquired.
- Article from:
- PR Newswire
- Article date:
- March 10, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
FORT WASHINGTON, Pa., March 10 /PRNewswire/ -- Coventry First, the creator of the secondary market for life insurance, today announced the company has acquired more than $2 billion in life insurance policies (estimated face value) since November 2001.
Company officials point to the $2 billion milestone as evidence of the growing recognition of the secondary market for life insurance throughout the financial services industry. The secondary market provides a competitive marketplace where consumers can realize fair market value for their unneeded or underperforming life insurance. By 2007, the company expects the size of this secondary market to surpass $45 ...