The Amrita Life Settlement Index results were announced today revealing a 73 point drop in February from January 2010 levels. The weaker than expected demand for life insurance policies on the secondary market resulted in the 13.9% decline from 528 points to 455 points on the index.
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Life Settlement Index Recap – February, 2010 Data
The Amrita Life Settlement Index declined from 528 points in January to 455 points in February demonstrating weakening demand for policies on the secondary life insurance market. The 73 point decline from last month equaled a 14% month over month decline in the life settlement index.
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Life Settlement Index Recap – January, 2010 Data
Amrita Financial developed the Amrita Life Settlement Index to track life settlement demand and industry buying activity. On Feb. 2nd, 2010 at 10:00 AM PST, Amrita Financial released the inaugural results of the Amrita Life Settlement Index revealing data collected in January 2010. The Amrita Life Settlement Index improved from its benchmarked 500 points to 528.
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Life Settlement Brokers Become Obsolete With New Website
Oceanside, CA 6/27/09
The Life settlement industry, while relatively new, hasnÔÇÖt benefited from technological advances as much as other segments of the financial services sector. A life settlement occurs when someone sells their existing life insurance policy for an immediate lump sum payment. Life settlement brokers, the middle men in the process, work on behalf of consumers to negotiate the highest offer for their insurance policy from buyers such as investment banks, hedge funds, investment funds and other financial institutions. This traditional bricks and mortar, labor intensive approach contributes to the highest transactional cost of any asset class. Consumers often end up selling similar policies for far different prices as the knowledge and size of buyer networks varies greatly among life settlement brokers.
To address the inefficiencies of this $15 billion market and disparity among brokers, Amrita Financial just unveiled a new web based, do it yourself life settlement tool. The new electronic marketplace platform at www.AmritaFinancial.com provides consumers with a direct conduit to the financial institutions that buy life insurance policies and enables them to autonomously complete a life settlement without using a broker.