PR Newswire
NEW YORK, June 1, 2017
NEW YORK, June 1, 2017 /PRNewswire/ -- The Deal, a business unit of TheStreet, Inc. (NASDAQ: TST), issued results from its annual survey of the life settlement market which reveal that transactions increased 47% last year, as small-face policies gained traction and marketing efforts began reaching consumers. The survey, compiled mainly from information obtained through public records requests to state insurance departments, includes data from 31 providers, including 10 who did not report any activity.
"The growth of the life settlement market is good news for seniors who want to sell their life insurance policies and recoup some cash or get out from under the burden of paying high premiums," said Donna Horowitz, senior editor of The Life Settlements Report. "It's an asset like any other piece of property that seniors are starting to learn has value. Buyers are especially interested in small-face policies owned by average Americans and are reaching out to them more than ever before with TV ads and Internet marketing to let them know that it's been legal to sell their policies for more than 100 years."
Highlights from the report include:
The full article is available online, or learn more about The Deal's Life Settlements League Tables by visiting http://www.thedeal.com/league-tables/life-settlements/.
About The Deal's Life Settlements League Tables
The Life Settlements Report has published information on the volume of the life settlement market annually since 2010 to bring more transparency to the market. It is the only publication that collects and assembles such data on the secondary market in such detail. The transaction information mainly is obtained through public-records requests to numerous state insurance departments. It does not include tertiary transactions, or policies traded after the initial purchase, although the newsletter tracks the bigger portfolio deals in the normal course of reporting.
About The Deal
The Deal (www.thedeal.com) provides actionable, intraday coverage of mergers, acquisitions and all other changes in corporate control to institutional investors, private equity, hedge funds and the firms that serve them. The Deal is a business unit of TheStreet, Inc. (NASDAQ: TST, www.t.st), a leading financial news and information provider. Other business units include TheStreet (www.thestreet.com), which is celebrating its 20th year of producing unbiased business news and market analysis; BoardEx (www.boardex.com), the leading relationship mapping service of corporate directors and officers; and RateWatch (www.rate-watch.com), which supplies rate and fee data from banks and credit unions across the U.S.
Contact: Jon Kostakopoulos, 212-321-5561, Jon.Kostakopoulos at thestreet.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/market-volume-continues-to-surge-2016-busiest-year-in-secondary-market-since-2009-300467074.html
SOURCE TheStreet, Inc.
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