The life settlement industry had its genesis as a means to provide financial flexibility to individual retirees. In essence, it allows individuals to exchange their life insurance policies for a cash settlement, transferring the risk to investors. By carefully managing that risk over the lifetime of the policy, investors earn a return on the original cash outlay.

The history of managing life insurance investments spans the past century. In recent years, however, the founders and partners of North Channel Bank have devised sophisticated methodologies to ensure the legitimacy of investments, including tested underwriting techniques that are vastly superior to those used in the past; licensed, proprietary models; rigorous investor training and standards; and pooling and hedging techniques to reduce risk.