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Coventry operates a life settlement marketplace that allows policyowners to sell unneeded life insurance to investors. It connects sellers with buyers, pools or programs policies, and earns fees, while investors gain exposure to longevity-linked assets. It differentiates itself through more than 20 years of market leadership, over $40 billion in longevity-linked transactions, a global footprint, and rigorous standards. Its goal is to grow a mature, liquid secondary market for life insurance that serves consumers, professional advisors, and institutional investors.
Industries
Quantitative Finance
Financial Services
Company Size
201-500
Company Stage
N/A
Total Funding
N/A
Headquarters
Wilmington, Delaware
Founded
N/A
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FORT WASHINGTON, Pa., June 10, 2025 /PRNewswire/ -- Coventry, the leader and creator of the secondary market for life insurance, once again secured the top spot in the life settlement industry—ranking first for both total number of policies purchased and total face value—according to industry league tables published by The Deal, a financial intelligence and data company.Coventry and its affiliate, Life Equity, purchased more than 1,300 policies in 2024, representing over $1.4 billion in face value––more than all other providers 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."Coventry's consistent presence as the top life settlement provider reflects a long-term commitment to providing greater value for policyowners and stability for institutional investors."Our goal is to make life insurance more powerful, more flexible, and more valuable," continued Buerger. "Coventry's new Enhanced Cash ValueSM program is another example of that."Enhanced Cash ValueSM enables qualifying policyowners with Universal Life policies to access significantly more than the cash surrender value without the need for medical records or underwriting.About CoventryCoventry is the leader and creator of the secondary market for life insurance. For more than 20 years, we have been driving the industry forward and expanding opportunities for life insurance policyowners. Coventry's deep experience combined with a fierce commitment to consumer rights makes Coventry the clear market leader, a position we use to raise industry standards and expand consumer choice. To date, we have delivered more than $5.9 billion to policyowners who no longer have a need for their policies
FORT WASHINGTON, Pa., May 20, 2025 /PRNewswire/ -- Coventry today announced that it has exceeded more than $100 million in Enhanced Cash ValueSM (ECVSM) since the program launched, signaling extraordinary demand from advisors and policyowners seeking a faster and more beneficial alternative to the cash surrender value offered by life insurance carriers."The momentum we've seen so far is remarkable," said Reid Buerger, CEO of Coventry. "Enhanced Cash Value is delivering exactly what the market needed: speed, simplicity, and certainty. We've seen top advisors, as well as leading BGAs and IMOs mobilize around this opportunity, helping their clients access significantly more than cash surrender value while opening new revenue streams and strengthening client relationships."Enhanced Cash ValueSM offers a fast, frictionless path to unlocking greater value than policyowners would otherwise receive from the cash surrender value in their Universal Life policies, without the need for medical records or underwriting. Coventry can provide ECVSM valuations in 24-48 hours, and most policyowners can access their ECVSM in five days or less."Although it's helpful for agents and policyowners to understand cash surrender value, it's even more important–and beneficial–that they understand Enhanced Cash Value," added Buerger. "ECV may be one of the most important advancements in financial services in over a decade."To learn more about Enhanced Cash ValueSM, visit enhancedcashvalue.com.About CoventryFor over 35 years, Coventry has been redefining insurance. By uniquely bridging insurance and capital markets, Coventry created the secondary market for life insurance and pioneered the resulting life settlement industry
The program will provide enhanced cash values using only a policy illustration.FORT WASHINGTON, Pa., April 22, 2025 /PRNewswire/ -- Coventry, a leading creator of longevity and life insurance products for the life insurance industry, today announced the launch of an Enhanced Cash Value program that enables seniors to access significantly more cash than they would otherwise receive from the cash surrender value in their Universal Life insurance policies, without the need for medical records or underwriting.The Enhanced Cash Value program gives advisors the ability to offer a unique value-added service to their clients. Coventry will provide advisors who have clients with qualifying policies an Enhanced Cash Value quote in 24 hours, and, in many cases, transactions can be closed in five days or less."This is a fundamental shift in the way advisors engage with their clients," said Reid Buerger, CEO of Coventry. "It gives them an opportunity to better serve their clients while providing them a new option for liquidity. We invite advisors to test our Enhanced Cash Value model: submit your clients' Universal Life policies and see how quickly Coventry delivers."Coventry continues to grow its proprietary capital offerings and has partnered with leading insurance companies, banks, and asset managers to deploy what is effectively an unlimited capital pool into the Enhanced Cash Value program."The response from policyowners, their advisors, and the capital markets has been extraordinary," added Buerger. "Enhanced Cash Value is a scalable solution built on Coventry's industry-leading track record of delivering results for both policyowners and investors."To learn more about Coventry's Enhanced Cash Value program, visit enhancedcashvalue.com.About CoventryFor over 35 years, Coventry has been redefining insurance. By uniquely bridging insurance and capital markets, Coventry created the secondary market for life insurance and pioneered the resulting life settlement industry
FORT WASHINGTON, Pa., Jan. 22, 2025 /PRNewswire/ -- Coventry, the leader and creator of the secondary market for life insurance, today announced the appointment of Dan LaBert to Senior Vice President, Strategic Accounts. In his new role, LaBert will be responsible for developing and expanding strategic relationships with life insurance carriers and industry groups
FORT WASHINGTON, Pa., June 10, 2024 /PRNewswire/ -- Coventry, the leader and creator of the secondary market for life insurance, continues to rank first in the life settlement industry for both total number of policies purchased and total face value, according to industry league tables. The league tables, published by financial publication The Deal, are a comprehensive review of secondary market life settlement transactions. Coventry companies have held the top spot each year since the rankings were first published in 2013.Coventry and its affiliate, Life Equity, purchased over 1,600 policies in 2023––more than all other life settlement providers combined."It's always an honor to be recognized in the league tables," said Reid Buerger, CEO of Coventry. "Being number one has been ingrained in Coventry's DNA since we created the industry, long before the league tables were put in place. Our commitment to educating policyowners of the enormous value of their life insurance policies, along with our unwavering dedication to driving the industry forward, has enabled us to provide more than $5.7 billion to those who no longer have a need for their policies."As the leading buyer of life insurance policies, as well as the largest provider of education to financial advisors and policyowners, Coventry works to raise awareness that life insurance is a valuable asset and that policy appraisals are an integral part of financial planning.About CoventryCoventry is the leader and creator of the secondary market for life insurance. For more than 20 years, we have been driving the industry forward and expanding opportunities for life insurance policyowners
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Industries
Quantitative Finance
Financial Services
Company Size
201-500
Company Stage
N/A
Total Funding
N/A
Headquarters
Wilmington, Delaware
Founded
N/A
Find jobs on Simplify and start your career today