Life Settlements

Seabury Insurance Services LLC, has introduced a fund aiming to generate a safe level of return over ten years with a guaranteed minimum annual income. The fund will sell protection on a notional credit exposure to portfolios of life settlements. The fund aims to reach a point before final maturity where enough returns have been generated to cover all principal payments with a risk free investment in a pool of life settlements. The leverage in the product is lifted or lowered depending on how far the value of the fund are from reaching this “cash in “ point, which is expected to be hit ahead of maturity.