Career Center Powered by GreatInsuranceJobs.com
The weaker-than-expected demand for life insurance policies on the secondary market resulted in a 14% decline, from 528 points to 454 points on the index, developed by Amrita Financial Inc., Oceanside, Calif.
The weakness was largely due to a persistent imbalance between available policies and active buyers in the life settlement market, says Amrita. Traditional sources of policy origination such as life settlement brokers, consumers and other intermediaries continue to feed supply into a market showing limited demand.
The February index results reflect some tightening of buying appetites while life settlement provider buying demands remain conservative overall, Amrita states.
The Amrita Life Settlement Index surveys life settlement providers licensed in the United States about their opinions and observations of market conditions each month. Their responses are then aggregated and averaged to generate each month's index.