Report: Life Settlements Market is Exploding to $100 Billion with Crown Alliance Well-Positioned To Capture Market Share
TORONTO, April 29, 2013 /PRNewswire/ -- According to the research report "Life settlements, New Challenges to Growth" from Conning Research & Consulting the market for life settlements is set to explode to around $100 billion annually in 2016 from only around $12 billion in 2007. With only about 100 players in this industry according to the Life Insurance Settlement Association (LISA) in 2008, Crown Alliance Capital Limited (OTCBB: CACL) is in a unique position to capture a large portion of this potential market.
According to the report 88% of the universal life policies currently in existence lapse or are surrendered without insurance companies ever paying a death benefit to anyone. Crown Alliance Capital Limited is capitalizing on this opportunity by buying policies that would otherwise lapse. They become the owner and beneficiary while paying the policy premiums until maturity when the benefit can be collected.
Crown Alliance Capital Limited already has a portfolio with a total face value of just under $5 million and is currently negotiating several other portfolios, including one with a face value of $100 million. Crown Alliance Capital Limited (CACL) is creating an impressive portfolio of life settlements that can provide a significant amount of return for the company. This is because of the company's unique ability to create, select and evaluate portfolios with the least risk possible.
With life settlements the questions is not if an investment will pay off but when it will pay off. This unique risk profile combined with the skills of an experienced management team selecting portfolios of policies with a high likelihood of a short term payout event create a highly unique and attractive opportunity for companies like Crown Alliance to capitalize on the large numbers of policies that lapse every year.
Crown Alliance Capital spends a considerable amount of time reviewing each of the policies prior to making a purchase. This positions the company more effectively in the market to take advantage of the boom that will take place within the next several years. The annual market size for life insurance worldwide is over $1.8 trillion. Crown's current goal is to reach a portfolio worth $1 billion within the next five years, placing them well within the senior life settlements marketplace.
Contact:
Crown Alliance Capital Limited
2985 Drew Road, Suite 217
Mississauga, ON L4T OA4
[email protected]
About Crown Alliance Capital Limited
Crown Alliance Capital Limited (OTCBB:CACL) is a publicly reporting Nevada Corporation that was formed in March of 2010 with the intention of acquiring senior life settlement policies. The company has been strategically involved with acquiring a large portfolio of policies that meet a rigid selection process and has set their goals at $1 billion within 5 years' time.
The smartly managed company purchases mainly universal life insurance policies that are no longer desired by individuals. They have the ingredients for a very successful portfolio because each policy they acquire must meet very stringent guidelines, including such items as the person's age, life expectancy and the policy's ability to generate a high IRR. By Crown Alliance Capital Limited becoming the owner and beneficiary and maintaining the premiums of each policy within the portfolio, they are able to offer a variety of returns on investment when each death benefit is ultimately paid.
With an experienced management team and assets backed by investment grade insurance companies, Crown Alliance Capital uncovers new opportunities in a marketplace that has a significant amount of untapped potential.
Safe Harbor Statement: Certain statements and information included in this release constitute "forward-looking statements" as defined in the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied in such statements. Additional discussion of factors that could cause actual results to differ materially from management's projections, estimates and expectations is contained in the Company's SEC filings. The Company assumes no obligation to update any forward-looking statements as a result of new information, future events or developments, except as required by federal securities laws.
SOURCE Crown Alliance Capital Limited
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