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With
the life settlement industry estimated at over $100 billion it is easy
to see why institutional investors have a great deal of interest. Senior
Settlements, LLC purchases policies with institutional funds only for
the purpose of securitization - in a manner similar to the way credit
card debt is securitized as asset-backed bonds.
The Company
has secured financing from one of the worlds largest and most respected
investment banks. During the ramp- up phase the Company will originate
policies until enough capacity has been reached in order to securitize
the portfolio. Basically, institutional investors will purchase bonds
form the portfolio creating additional investment dollars for future transactions.
This represents a revolving financing facility which affords the Company
endless financing.
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