ATLANTA--(BUSINESS WIRE)--Track-Life, LLC today announced that the company recently entered into a five-year servicing agreement to manage a $750 million life insurance settlement portfolio. The portfolio contains more than 300 life insurance policies and was aggregated on behalf of an undisclosed client by The Lifeline Program®. The company currently has nearly $3 billion in aggregate face value of life insurance policies under management.
“We are seeing continued growth from a variety of sources as the role of tracking and servicing reaches the forefront of portfolio management,” said Track-Life President and COO Brian J. Barclay. “Our technology enables real-time, transparent reporting that helps investors and portfolio managers make better decisions and improve profitability.”
As institutional investors return to the life insurance settlement market, the need for tracking and servicing is on the rise from clients including international banks, public companies, fund managers and private portfolio owners. The majority of portfolio managers are counting accessibility to policy information as a key factor in their choice of a servicer.
Using Track-Life’s technology platform, portfolios can be analyzed by policy size or type, policyholder demographics, premium amounts due, and dozens of other criteria. The system provides a web portal into Track-Life’s system as the company optimizes and minimizes premium payments, closely tracks medical evaluations of policyholders, expedites death claims and monitors carrier ratings.
Track-Life offers a complete array of tracking services which includes:
• Expert audit and evaluation services
• Scheduled contact with insureds
• Weekly mortality tracking using a proprietary combination of databases
• Updating of medical, life expectancy and rate of return data
• Premium optimization, management and payment administration
• Policy maturity management and death benefit distribution utilizing proprietary online and offline systems
Track-Life, LLC, based in Atlanta, offers a proprietary suite of services and software that enables portfolio managers to track, analyze and optimize life insurance policies held within a life insurance settlement portfolio. For more information, visit www.track-life.com or call (770) 934-4390.