SSK Holdings FZE business concept is to acquire, develop a portfolio of financial assets consisting of SENIOR LIFE SETTLEMENTS. The company perceives the current market situation very favourable to invest in the asset class SLS, due to distressed prices and excess of supply over demand. SSK Holdings FZE plans to raise EUR 10 Million through an Capital Raise funding and the proceeds shall be used to buy the insurance policies at a deep discount from the owners.
A SLS is the sale of a life insurance policy by the owner to a third party investor for more than the surrender value offered by the insurance company but less than the face value. The purchaser becomes the new owner and beneficiary of the insurance policy, gaining exposure to longevity risk and is responsible for the payment of premiums until maturity (i.e. death of the underlying insured). Premium payments typically equate to 3 – 5% of the death benefit per year.