In most states of the USA it is a legal requirement that investors can only purchase Life Settlement policies through an appropriately licensed “Provider”.
The Fund currently uses the services of CMG Life Services, Inc., however has the flexibility to source policies from other registered Providers.
CMG Life Services, Inc., (CMG) is a Tennessee Limited Liability Company based in Naples, Florida and formed for the purpose of managing unique investment alternatives. CMG is dedicated to the use of Life Settlements as non-correlated, “stable value” assets to meets the needs of select institutional clients.
CMG source policies for consideration through a range of sources, including the broker network working on behalf of interested sellers and the institutional network who may already hold portfolios of policies.
They undertake an initial due diligence, including detailed reading of medical records and insurance terms as well as an analytical assessment. CMG has analysed over 40,000 policies, with a face value of over US$100 billion, over the last 9 years. They have acquired over 600 policies, representing over US$3 Billion of face value.
Unlike other providers in the industry, CMG continues to manage every policy it has acquired for its clients. CMG has also created proprietary policy analysis tools that give it and the fund a distinct competitive advantage in the marketplace.