Perisen offers a new way to access cash in retirement. We buy existing life insurance policies from Canadian seniors who no longer need the protection or find the premiums unaffordable.
Perisen Life Settlements was founded in 2013 as a Canadian solution to acquire life insurance policies from seniors wanting additional funds for retirement. We believe strongly that seniors should have full control of all their financial assets especially during retirement when financial resources are so critical.
We acquire life insurance policies with expected actuarial durations of ten years or less issued by investment grade insurance companies in the United States and Canada where legally permitted (Saskatchewan, Quebec, New Brunswick and Nova Scotia). We service the premiums, monitor the associated insured lives and file claims for the related benefits proceeds.
Perisen benefits from the collective experience of its directors, officers and partners. Our team combines core managers from some of Canada’s largest and most respected financial institutions including Phillips, Hager & North, Scotia Capital and CIBC World Markets with global longevity markets expert, SL Investment Management. SL is a U.K.-based company with more than 20 years’ history in analyzing longevity instruments for large global financial institutions and investors provides Perisen with actuarial expertise to assist in the analysis and purchase of insurance policies. It has acquired or advised clients on the acquisition of over 68,000 policies and has over US$600 million in assets under management, advice or administration across 17 funds. SL’s success has been founded on highly disciplined and detailed investment and compliance processes, intensive cash management and sophisticated proprietary information systems.
Spartan Fund Management performs the portfolio management function for Perisen including overseeing regulatory compliance and ensuring the portfolio of insurance policies follows the strict guidelines of its mandate. Spartan has a well-established infrastructure and strong governance. Each member of the firm’s senior management team has over 20 years’ experience in the capital markets covering all key areas in wealth management, trading, operations, legal, risk management and compliance.