Coventry Life Insurance

Life insurance offers financial solutions to meet assorted needs of families and businesses. As time goes on, however, the needs for Coventry life insurance may change. Examples of the changes are repaid loans, smaller estates, retired key executives, sold businesses, reduced (or no longer existing) estate taxes, and an expensive insurance policy. A few years ago, the individuals faced a monopsony—this is a market solution in which the seller can only solicit to a single buyer. For many years, a policyholder had only one buyer for the insurance policies—the life insurer. The rise of a Coventry life insurance secondary market has reduced the monopsony power of life insurers and created a free market for policyholders to value the insurance. Prior to the advent of the Coventry life insurance secondary market, life insurance policies couldn’t readily be sold; it would be useless to even speak of a Coventry life insurance policy’s fair market value. By the very existence of the Coventry life insurance secondary market, this up and coming program bestows on every insurance policy a fair market value like the owner’s other fiscal assets.

Several life settlement cases involve the secondary market for Coventry life insurance that transforms the financial planning landscape for the high net worth individuals.

Recently, a 77-year-old individual had a $3.9 million insurance policy that wasn’t performing up to expectations. The man’s advisor recommended that the insurance policy be appraised.

The Coventry life insurance company determined the market value of the individual’s policy was $740,000—this was four times the cash surrender value. The client decided to sell the insurance policy and use those proceeds to fund more cost-efficient, new insurance.

The new Coventry life insurance policy had a face value of $4.4 million and much lower ongoing premiums.

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