FUND SERVICES

PORTFOLIO MANAGER AND FUND CONSULTANT

For institutional funds and clients looking to structure a large life settlement investment fund, Noble can consult and act as the portfolio manager in order to effectively purchase policies and properly manage the ongoing cash flows of the funds. Using Noble as a portfolio manager provides our clients with the following benefits:

  • Fund Structuring and Planning: our industry experience and extensive knowledge of how to best utilize this asset class and structure it to best meet the clients’ preferences while protecting them from the many complexities within the industry.
  • Policy Sourcing: we have developed many relationships over the years with individuals and companies who source policies on the secondary and tertiary life settlement market. This gives us sufficient policy flow to be able to properly fill the fund.
  • Policy Acquisitions: our experience helps us understand what prices policies should sell at and enables us to negotiate the best price for our clients and enhance fund economics.
  • Policy Due Diligence: each policy that we acquire goes through the necessary due diligence that may get overlooked if not using an Originator who has the proper experience. This could leave you with an asset that could be contestable by the insurance company down the road. This is a risk that is not worth taking and never recommended.
  • Policy Longevity and Enhanced Client Protection: as policies don’t always mature at the life expectancy, we try to make sure that the policies we buy can withstand paying ongoing premiums beyond life expectancy while still providing a positive return to the client.
  • Premium Optimization: we use internal and proprietary models to calculate the minimum and optimal premium payments on each file, which can significantly enhance the economics on each file that would have otherwise not been achieved without the experience that Noble has.
  • Ongoing Assistance and Servicing: we assist in the ongoing management of the fund and can also act as a servicer for our clients in order to help maintain the policies and coordinate fund cash flows after the policies have been purchased. In this capacity, we can do all of the following:
    • We determine and coordinate the optimal premium payments that need to be made to the insurance carrier.
    • We analyze the fund on an annual basis to determine if the premium reserve holds sufficient funds to pay the upcoming premiums or whether or not the fund will require premium contributions for the year.
    • We engage tracking agents in order to monitor the health status of the insured.
    • Upon maturity, we assist in obtaining the death certificate and filing the claim with the carrier so that clients can receive distributions in a timely manner.
    • If necessary, we can coordinate the sale of any outstanding policies. Thomas Schantz Life Settlements