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Nikolai Gogol wrote about buying the names of dead serfs to build up the appearance of wealth, but Coventry First is more interested in buying their unused life insurance policies to build up actual wealth. The company is one of the largest players in the secondary insurance market. It actively invests in high-premium life insurance policies, written on elderly executives or wealthy individuals desiring to sell them rather than maintain them. The seller gets a lump sum (only a portion of what they would have received otherwise), Coventry pays the remaining premiums, and when that person finally dies, Coventry gets the payout. Founded in 1999, the company is controlled by CEO Alan Buerger and family.
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| | | Contact Information | |
Address: |
7111 Valley Green Rd.
Fort Washington, PA 19034
| | Phone: | 215-233-5100 | | Fax: | 215-233-3201 |
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| Financial
Highlights | | Fiscal Year End: | November | | Revenue (2008): | 25.80 M | | Employees (2008): | 200 |
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Key People
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CEO:
Alan H. Buerger
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President and COO:
Constance M. Buerger
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CFO:
Antonio Muņiz
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