Electronic transactions seem to be playing a bigger role in the life settlement market.
Dematco Inc., Encino, Calif., says it will be converting life insurance policies with a face value of about $100 million into "senior life settlement units" for a European investment group.
The "dematerialization" contract is the fifth Dematco has received, Dematco says.
Dematco has placed $380 million in SLSUs under contract in the last 9 weeks, according to Dematco Chairman Robert Stevens.