Life settlements pioneer Coventry recently announced that it has paid more than $6 billion to policyowners for their unwanted or underperforming life insurance policies.
“Six billion isn’t just a number, it’s a reflection of the lives we’ve helped change,” said Reid Buerger, CEO of Coventry. “Behind every policy is a story. We’re proud to have helped so many policyowners turn their unwanted policies into a financial benefit.”
For more than 25 years, Coventry has led the life settlement market, offering policyowners meaningful alternatives to surrendering or lapsing their life insurance policies and helping advisors deliver liquidity and flexibility where none previously existed.
“Life settlements have proven to be a powerful financial solution for so many people,” added Buerger. “We want every policyowner to know they have options to unlock meaningful value from an underused asset—their life insurance policy.”
To date, Coventry said in a press release it has delivered more value to policyowners than all other life settlement companies combined.
The Fort Washington, Pa.-based company also recently announced that it once again secured the top spot in the life settlement industry—ranking first in 2024 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,” Buerger said. “While we’re pleased to be ranked No. 1 for the 12th 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,” Buerger added, mentioning that the company’s new Enhanced Cash Value program as another example. The prodcut enables qualifying policyowners with Universal Life policies to access significantly more than the cash surrender value without the need for medical records or underwriting.
