Coventry leads the life settlement market for the tenth consecutive year

FORT WASHINGTON, PA — Coventry continues to dominate the life settlement industry, ranking first in both total number of policies purchased and total face value, as reported by financial publication The Deal. This marks Coventry’s tenth consecutive year at the top since the rankings began in 2013.

Coventry and its affiliate Life Equity bought over 1,600 policies in 2023. This figure exceeds the combined total of all other life settlement providers in the market.

“It’s always an honor to be recognized in the ranking,” said Reid Buerger, CEO of Coventry. “Being number one has been ingrained in Coventry’s DNA since we created the industry, long before rankings were implemented.”

Buerger attributes their sustained success to a commitment to educating policy owners about the significant value of their life insurance policies. He also credits their dedication to driving the industry forward. Since its inception, Coventry has provided more than $5.7 billion to people who no longer need their policies.

The life settlement industry involves selling a life insurance policy for more than the cash surrender value but less than the net death benefit. This gives policyholders immediate cash, an option that is becoming increasingly popular with seniors and those with changing financial needs.

Coventry’s leadership in this market reflects not only its dominance in transactions, but also its role in shaping and growing the industry. By purchasing more policies than any other provider, Coventry has set a high standard and demonstrated the growing acceptance and utility of life agreements as a financial planning tool.

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