Coventry Direct main office

Alan Buerger is a former life insurance salesman, who founded the company in 1982 and helped create the secondary market for life insurance.

The company offers life settlement, which is the sale of a life insurance policy to a third party for a value in excess of the policy’s cash surrender value, but less than its face value, or death benefit. A policy owner receives a cash payment, while the purchaser of the policy assumes all future premium payments and receives the death benefit upon the death of the insured.

 

American International Group Inc, (AIG), said on February 16, 2016, that it had reached a settlement resolving a $2 billion lawsuit accusing Coventry Direct of overcharging its for life insurance policies acquired from elderly people.

Headquarters for Coventry Direct are located in Fort Washington, Pennsylvania.

Coventry Direct

Alan Buerger is a former life insurance salesman, who founded the company in 1982 and helped create the secondary market for life insurance.

The company offers life settlement, which is the sale of a life insurance policy to a third party for a value in excess of the policy’s cash surrender value, but less than its face value, or death benefit. A policy owner receives a cash payment, while the purchaser of the policy assumes all future premium payments and receives the death benefit upon the death of the insured.

History

 

American International Group Inc, (AIG), said on February 16, 2016, that it had reached a settlement resolving a $2 billion lawsuit accusing Coventry Direct of overcharging its for life insurance policies acquired from elderly people.

Headquarters for Coventry Direct are located in Fort Washington, Pennsylvania.