Holmdel, NJ, July 08, 2011 --(PR.com
)-- Altium Group LLC and Lloyds of London is pleased to announce the creation of a unique insurance product to mitigate risk in the structured settlement secondary market. Marketed as Confidential Indemnity Insurance (CII) and distributed exclusively in the United States by Altim Group LLC, this new product protects the investor of a life contingent structured settlement in the event of a contestable death of the original annuitant (seller) occurring within two years of the initial purchase of such settlement.
Altium Group's CEO, William Coluccio, stated that "There exists a specific type of risk exposure that purchasers of life contingent structured settlements confront in the secondary market. We decided to design a product to protect the investor's assets against this particular risk. In our opinion, the strongest and most experienced company to underwrite this unique insurance protection was Lloyds of London, and we are proud to have them as our partners." Although CII was designed and is distributed exclusively by Altium, Mr. Coluccio has stated that it will be offered for sale to any vendors or originators of life contingent structured settlements that are interested in offering the end consumer protection against a specific type of potential loss. When asked why Altium would sell the benefits of CII to its competitors, Mr. Coluccio responded by saying "We believe that the protection of the purchaser of a secondary market structured settlement is a priority, and CII will help do this, which in turn will create a safer and more credible industry environment for all participants." For more information on Altium Groups CII product, please call 732 772 0755 ext. 222, or email email@example.com