Track-Life Launches Web-Based System for Servicing Life Settlement Portfolios
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Transparent Life Plus Software Brings Real-Time Statistics to Policy Tracking ATLANTA--(Business Wire)-- Track-Life, LLC today launched a new, proprietary Web portal that dramatically changes the way portfolio managers can view critical information within a life insurance settlement portfolio. Transparent Life Plus is the first life settlement tracking and servicing system that offers real-time information and statistics on insurance policies held within a life settlement portfolio. With roots in the life settlement industry that date back more than 20 years, Track-Life`s experienced team of financial and medical professionals manage all aspects of life settlement policy tracking and servicing. Executives at Track-Life have serviced billions of dollars in life insurance policies and managed hundreds of death claims. Track-Life, launched in 2008 by executives from The Lifeline Program, has recently entered into an operating alliance with Madison Strategic Partners to broaden its servicing and tracking offerings. Using Transparent Life Plus, portfolios can be analyzed by policy size or type, policyholder demographics, premium amounts due, and dozens of other criteria. The system enables managers to optimize and minimize premium payments, closely track medical evaluations of policyholders, expedite death claims and monitor carrier ratings. "We have developed a policy tracking application that we believe is a game-changer," said Brian J. Barclay, president of Track-Life. "For the first time, a life settlement portfolio manager can quickly and easily analyze all aspects of a portfolio. There is no more flying blind." * Track-Life offers a complete array of tracking services: * Expert audit and evaluation services * Scheduled contact with insureds * Weekly mortality tracking using a proprietary combination of databases * Updating of medical, life expectancy and rate of return data * Premium optimization, management and payment administration * Policy maturity management and death benefit distribution utilizing proprietary online and offline systems Demonstrations of the Transparent Life Plus Web portal will be held on April 28 - 30 at the Life Insurance Settlement Association`s 16th Annual Spring Life Settlement Conference in Washington, D.C. Additionally, Track-Life`s CEO Wm. Scott Page, will be a featured panelist on Thursday, April 29 at 3:00 p.m. in a discussion on Fund Management and Policy Servicing. For more information on Track-Life, visit www.track-life.com or call 770-934-4390. For Track-Life, LLC David PR Group John P. David, 305-255-0035 john@davidpr.com Copyright Business Wire 2010
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