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Article: The Secondary Market for Life Insurance Expanding Rapidly; Coventry First Tops $2 Billion in Life Insurance Policies Acquired.
- Article from:
- Business Wire
- Article date:
- March 10, 2004
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Business Editors
FORT WASHINGTON, Pa.--(BUSINESS WIRE)--March 10, 2004
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 ...