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Funds expect 2009 growth in life insurance trading

Reuters – Fund managers who buy U.S. life insurance policies to cash in the death benefits have predicted a bumper year in 2009 as investors seek uncorrelated alternatives to mainstream markets.

Supply is also is expected to increase as more individuals, stung by tumbling investment portfolios, could sell their policies at discounted prices.

Managers of funds investing in traded life policies (TLP) are forecasting that assets under management could as much as double as mandates pour in from other fund managers, hedge funds and high net-worth individuals seeking steady returns uncorrelated to equities and bonds.

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