Coventry’s LILY Funding Program Reaches $1 Billion in Life Insurance-Backed Financing

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Postmedia has not reviewed the content. by GlobeNewswire Coventry's LILY Funding Program Reaches $1 Billion in Life Insurance-Backed FinancingAuthor of the article:FORT WASHINGTON, Pa., Aug. 25, 2026 (GLOBE NEWSWIRE) — Coventry, the leader and creator of the secondary market for life insurance and a pioneer of the life insurance-backed asset class, today announced the successful completion of its fourth asset-backed securitization since April 2025 under its LILY program, bringing total life insurance-backed financing across the platform to $1 billion. This achievement further establishes Coventry as the leading platform for institutional investors seeking differentiated exposure to longevity-linked assets.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountThis milestone also reflects continued investor demand for longevity-linked assets and LILY’s growing role as one of the industry’s leading platforms for accessing life insurance-backed investments through the asset-backed securities market.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againSince its launch in 2025, the LILY program has consistently demonstrated the ability to access institutional capital by structuring longevity-linked assets into investment-grade asset-backed securities that emphasize durable collateral, predictable cash flows, and low correlation with traditional markets. The program combines Coventry’s extensive origination capabilities, actuarial expertise, servicing infrastructure, and transaction structuring experience to provide investors with access to a specialized asset class through a familiar ABS format.“Reaching the $1 billion mark is a significant milestone for the LILY program and for the institutional market for life insurance-backed assets,” said Reid Buerger, Chief Executive Officer of Coventry. “More importantly, it reflects growing investor recognition of the value of longevity-linked assets and the benefits of accessing them through a disciplined, repeatable securitization platform like LILY. We believe this achievement reflects both the quality of the underlying assets and the strength of the infrastructure Coventry has built to originate, analyze, service, and finance them at scale.”The growth of the LILY program underscores Coventry’s position at the intersection of life insurance, asset-backed finance, and private credit. As institutional investors continue to seek differentiated sources of return and portfolio diversification, Coventry expects life insurance-backed financing to play an increasingly important role in supporting the responsible expansion of the longevity-linked asset market.To learn more about the LILY program and other Coventry updates, please visit www.coventry.com/newsAbout CoventryCoventry is the leader and creator of the secondary market for life insurance and a pioneer of the life insurance-backed asset class, operating an integrated platform across four complementary verticals: the secondary market for life insurance, longevity lending, life insurance and annuity distribution, and insurance technology. Through these businesses, Coventry expands financial options for policyowners, provides capital solutions backed by life insurance policies and other longevity-linked assets, broadens access to insurance and retirement products, and applies technology to enhance pricing, risk management, and operational efficiency across the life insurance ecosystem.This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.Guided by a longstanding commitment to consumer rights and market integrity, Coventry leverages its leadership position to raise industry standards, expand consumer choice, and responsibly develop institutional-quality life insurance-backed investment solutions. Over its history, Coventry has acquired more than 23,000 life insurance policies, completed more than $50 billion in longevity-linked transactions, delivered more than $6 billion to policyowners, and originated more than $1 billion in life insurance-linked loans. To learn more about Coventry, visit Coventry.com.Media Contact: Jonny Shiver Vice President, Marketing jshiver@coventry.com (215) 836-8300Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.