Emergent Capital, Inc., through its subsidiaries, owns a portfolio of life insurance policies.
As of November 30, 2019, the company owned two life insurance policies, also referred to as life settlements.
Life Settlements Portfolio and Portfolio Management
The life insurance policies previously included in the company and its subsidiaries portfolio were acquired through a combination of direct policy purchases from the original policy owners (the secondary market), purchases of policies owned...
Emergent Capital, Inc., through its subsidiaries, owns a portfolio of life insurance policies.
As of November 30, 2019, the company owned two life insurance policies, also referred to as life settlements.
Life Settlements Portfolio and Portfolio Management
The life insurance policies previously included in the company and its subsidiaries portfolio were acquired through a combination of direct policy purchases from the original policy owners (the secondary market), purchases of policies owned by other institutional investors (the tertiary market) and from policy surrenders or foreclosures in satisfaction of loans issued under the company’s legacy premium finance business. Until a policy matures, the company must pay ongoing premiums to keep that policy in force and to prevent it from lapsing.
Regulation
As of November 30, 2019, the company, through its subsidiary, Imperial Life Settlements, LLC, maintained licenses to transact life settlements as a provider in 28 of the states that currently require a license and could conduct business in 36 states, and the District of Columbia.
The primary regulator for the company when purchasing life settlements in the secondary market is the Florida Office of Insurance Regulation.
History
The company was founded in 2006. It was formerly known as Imperial Holdings, Inc. and changed its name to Emergent Capital, Inc. in 2015.