Legacy Funding Group, Inc unveiled its new ‘Deferred-Benefit Life’ (DBL) Policy, which will be offered to well-rated life insurers.  Unlike traditional life insurance policies, which usually compensate beneficiaries suffering from financial losses due to the pre-matured death of an insured, the new DBL policy will compensate beneficiaries financially suffering due to the post-mature death of a senior insured, who has lived significantly beyond their normal life expectancy.

DBL policies are designed to restore and enhance depleted assets upon the eventual death of the insured, through its payments of a death benefit that increase yearly.

John R. Skar, Managing Director and Chief Actuary of Legacy Funding stated: “by providing a death benefit that increases as the insured ages, DBL Policies effectively protect not only investors funding our LegacyLoan(TM) product, but also families, pension funds, care-providers and other benefactors holding a risk of material longevity-related loss. In particular, the product offers an interesting alternative to long term care insurance, as an estate preservation tool.”