American Legacy Fund operates in the secondary market for life insurance, a niche known as life settlements. The company's business model involves providing liquidity to senior policyholders who no longer need or want their life insurance policies by purchasing them for a cash sum. These acquired policies are then pooled together into diversified investment funds. Shares in these funds are offered to accredited investors, providing them with an alternative investment asset class that is generally uncorrelated with traditional financial markets like stocks and bonds. The fund's returns are generated from the eventual payout of the insurance policies.

Founded in

United States