Sustainability
We believe in responsible investments
Sustainability
Responsible investments
The secondary market for US life insurance policies is regulated in 45 states. The legislation regulating the market is there to safeguard the individual policyholder’s, i.e. the consumer’s interest.
When Resscapital purchases life insurance policies, the company uses intermediaries / brokers who facilitate the sale of life insurance policies from policyholders to financial investors. Resscapital only transacts with brokers who are registered and authorized by each states’ insurance inspection.
In order to enable the individual household to make an informed decision, it is important that the sales process is transparent. Therefore, brokerage fees must be reported in a clear and transparent manner to the seller/consumer. In addition, the consumer must receive information about the possible repurchase price that the life insurance company is willing to pay for the insurance policy.
For most life insurance policies, it is usually the policyholder’s spouse or children who are beneficiaries. It is a requirement that these beneficiaries consent in writing to the sale of the life insurance policy. In addition, the policyholder must certify that he, or she, makes a conscious choice to sell the life insurance policy. The legislation aims to protect the consumer’s freedom of choice and ensure that the sales process is transparent and correct.
Resscapital, as a manager of a portfolio of life insurance policies, will also receive personal data and health information about the individual policyholders. For Resscapital, it is imperative that this information is treated in a confidential manner and with outmost respect for the integrity of each individual. All personal data is stored on protected servers and no documents containing any personal data are stored in paper format.
UNPRI’s Principles for Responsible Investment
- We will incorporate Environmental, Social and Governance (ESG) issues into investment analysis and decision-making processes.
- We will be active owners and incorporate ESG issues into our ownership policies and practices.
- We will seek appropriate disclosure on ESG issues by the entities in which we invest.
- We will promote acceptance and implementation of the Principles within the investment industry.
- We will work together to enhance our effectiveness in implementing the Principles.
- We will each report on our activities and progress towards implementing the Principles.
For more information download our Sustainability Policy.