Life settlement multi-strategy fund
A Life Settlement is the purchase of a life insurance policy at a discount from its death benefit amount from an insured who no longer needs or wants the policy.
Investors in life settlements hold portfolios made up of or secured by life insurance policies. Backed by US life insurance companies with high credit ratings (e.g. A, AA and AAA), the policies can be understood as highly rated zero-coupon bonds purchased at discount where the value increases as the maturity date approaches.
As cash flows are based on mortality events of individual policy holders, investment returns are independent of the economic cycle and traditional financial markets.
Life Settlement investments offer an annualized yield target of between 9% to 11%.